3-Unit Residential
215 W 6Th Ave, Escondido, CA 92025
For Sale
New
$1,150,000
All three residences include indoor laundry, covered carports, and separate storage.
Property Size3,301 SF
Days on Market2
Property Features for 215 W 6Th Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Amenities
indoor laundry
separate storage space
Building Details
Building Size
Year Built
Units
Tenancy
Listed By:
Steve Webber
(760) 420-0727
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Webber
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Investment Insights
Based on property information with market context.
Built in 1950, this residential property contains three units, each with three bedrooms and 1.5 bathrooms. Indoor laundry, a covered carport, and separate storage serve every residence. The units are described as being in good condition.
The property is occupied by long-term tenants. It is located at 215 W 6th Ave in Escondido, California.
The property is occupied by long-term tenants. It is located at 215 W 6th Ave in Escondido, California.
Key Highlights
- Three units, each with 3 bedrooms and 1.5 bathrooms
- Covered carport and separate storage for each unit
- Indoor laundry in all three residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,132
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,640
$1.2M
Cap Rate 7%
$844,743
$844.7K
Cap Rate 9%
$657,022
$657.0K
Market Conditions
NOI Build-Up for 3,301 SF
Gross rent
$89.1K $27.00/SF
− Vacancy
−$4.7K −$1.41/SF
EGI
$84.5K $25.59/SF
− OpEx
−$25.3K −$7.68/SF
NOI
$59.1K $17.91/SF
Area
Escondido, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,640
Cap Rate 7%
$844,743
Cap Rate 9%
$657,022
Alternative Uses
Best Use
Multifamily LT 5
$844.7K
$739.2K – $985.5K
NOI $59,132 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$779.4K
$682.0K – $909.3K
NOI $54,559 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,569 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,675
Businesses Nearby
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Business Placement
Demographics for 92025, CA
51,586
Population
17,376
Households
3
Avg Household Size
35
Median Age
28%
College-Educated
78%
High-School Grad
22.4 sq mi
ZIP Area
2,303
Density / Sq Mi
$71,716
Median Household Income
$41,218
Median Earnings
$1,823
Median Rent
$767,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in San Diego County, CA
Properties on Market for Triplexes in San Diego County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences include indoor laundry, covered carports, and separate storage.
Where is this triplex located?
The property is located at 215 W 6Th Ave Escondido, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three units, each with 3 bedrooms and 1.5 bathrooms; Covered carport and separate storage for each unit; Indoor laundry in all three residences
