Gated Studio Apartment
361 East Washington Avenue Escondido, CA 92025
361 East Washington Avenue, Escondido, CA, 92025
$3,395,000
For Sale
$3,395,000
Sixteen studio units in a gated community with covered carport parking and on-site laundry.
Property Size16,380 SF
Price / SF$207.26
Days on Market100
Property Features for 361 East Washington Avenue
General Information
- Standard status
- Active
- Size
- 16,380 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
Daniel W. Withers
(619) 382-3750
Listed by
Michael G Kasser · License #02105892
(619) 382-3750
Source
Compass
Added: Apr 13 Updated: Jul 20 at 7:01PM Checked: Jul 20 at 7:01PM
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 Daniel W. Withers
Investment Insights
Based on property information with market context.
This for-sale multifamily property features an efficient studio unit mix with 16 total units. The community is gated and includes carport parking, with dedicated covered parking for tenant convenience. On-site laundry is also provided.
Set in Central Escondido, the property is described as walkable and benefits from close proximity to retail, dining, and daily amenities in the surrounding area.
The overall configuration is designed for straightforward management, with all units as studios and supportive community amenities including secure access, covered parking, and on-site laundry.
Set in Central Escondido, the property is described as walkable and benefits from close proximity to retail, dining, and daily amenities in the surrounding area.
The overall configuration is designed for straightforward management, with all units as studios and supportive community amenities including secure access, covered parking, and on-site laundry.
Key Highlights
- 16 studio units in a gated community
- Covered carport parking for tenants within a secure access setting
- On‑site laundry on the property
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $520.9k | $31.80 |
| − Vacancy | −$28.6k | −$1.75 |
| EGI | $492.2k | $30.05 |
| − OpEx | −$221.5k | −$13.52 |
| NOI | $270.7k | $16.53 |
16,380 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.87M
$3.38M – $4.51M
NOI $270,729 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.06M – $6.75M
NOI $404,756 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Sixteen studio units in a gated community with covered carport parking and on-site laundry.
Where is this apartment building located?
The property is located at 361 East Washington Avenue Escondido, CA.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: 16 studio units in a gated community; Covered carport parking for tenants within a secure access setting; On‑site laundry on the property
