222-224 W 8Th Ave Escondido, CA 92025
Cash-flowing Escondido property with a versatile 3-unit configuration.
Property Features for 222-224 W 8Th Ave
General Information
- Standard status
- Active
- Zoning
- R-1:Single
Building Details
- Year built
- 1952
Source:
Crexi
Listing Agency: Sundae Funding, Inc. Listing Agent: Taylor Ryan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Income-Producing Duplex with Triplex Layout
This income-producing property in central Escondido functions as a triplex, although technically classified as a duplex. The front unit, designated as 222, features a spacious 3-bedroom, 2.5-bathroom layout. The rear structure, 224, is divided into two independent 1-bedroom, 1-bathroom units, each equipped with its own kitchen and full bath. The current total rental income is $6,950 per month, amounting to $83,400 annually. The property has projected cap rates of 6.84% at $1,000,000, 6.21% at $1,100,000, and 5.70% at $1,200,000. Each unit is separately metered for SDG&E, with tenants responsible for their own gas and electric expenses. Owner expenses are minimal, averaging approximately $500 per month in total for water and trash for both units, and $500 per month for professional property management of both units. This property presents an opportunity for investors seeking immediate cash flow in a high-demand rental market.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Escondido
- County
- San Diego
- State
- California
- Longitude
- -117.07917
- Latitude
- 33.11463
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Cash-flowing Escondido property with a versatile 3-unit configuration.
Where is this duplex located?
The property is located at 222-224 W 8Th Ave Escondido, CA.
What are key features of this property?
This property features: - Income-producing property boasting a solid 6.84% cap rate at $1M; - Functions as a triplex with a versatile 3-unit configuration; - Current rental income of $6,950/month ($83,400 annually)
