318 Washington Ave, Unit A-F Escondido, CA 92025-2853
Property Lookup
Property profile & analytics
318 Washington Ave, Unit A-F Escondido, CA 92025-2853
- Apartment buildings
- 4,320 SF
- 0.28 lot acres
Property ID
US09-9306416
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sky Scrapers Commercial Cleaning / General Contractor / Renovation Specialist
Property Details for 318 Washington Ave
- Year built
- 1979
- Lot size
- 0.28 lot acres
- Property size
- 4,320 SF
- Zone code
- R-3:RESTRICTED MULTIPLE
- Property type
- Apartment buildings
- APN
- 229-220-10-00
- APU
- 2292201000
Description
This exceptional investment opportunity presents a six-unit multifamily property ideally situated at 318 Washington Avenue in Escondido, California. The property is conveniently located near Escondido's historic downtown district and the Escondido Transit Center, providing residents with easy access to a vibrant array of amenities. Each of the six units offers a comfortable two-bedroom, one-bathroom floorplan, averaging 720 square feet of living space. Ample parking is available, featuring a combination of carports and open spaces. The property benefits from its excellent location, placing residents within walking distance of numerous restaurants, cafes, museums, salons, spas, shopping, and entertainment venues. This prime location is further enhanced by its proximity to the Escondido Transit Center, placing it at the heart of the city's Smart Growth initiatives, including the Grand Avenue Vision Project. This $15 million project is focused on improving the area with upgraded sidewalks, improved parking, expanded outdoor dining areas, enhanced lighting, and a new Charity Arch. The surrounding submarket, along the 78 Corridor and North I-15, is experiencing a surge in demand for multifamily housing, driven by a strong and diversifying employment base, including a significant recent land acquisition by Apple in nearby Rancho Bernardo. This positive trend indicates a promising future for rental income and property appreciation. The property's location and the ongoing development in the area make this a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,540,000
- ML approach
- $1,600,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,190,000
- 6.5%
- $1,100,000
- 7%
- $1,020,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,463,000
Market price range: $550k - $1.46M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $995,000 Current use
- AUTO REPAIR, GARAGE
- $1,650,000 Change: +65% Conversion: Difficult
- OFFICE BUILDING
- $1,560,000 Change: +56% Conversion: Moderate
- MEDICAL BUILDING
- $1,310,000 Change: +31% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,185,000 Change: +19% Conversion: Difficult
- RETAIL STORES
- $1,045,000 Change: +5% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Escondido
- County
- San Diego
- State
- California
- Longitude
- -117.081
- Latitude
- 33.1281
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,763
$1,072,201
$482,490
$1,554,691
-
$0.00
$0.00
$0.00
