GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 7,225,000
$ 8,300,000 13.0%
Est. payment | /mo
0.51 Acres Lot
$ 7,225,000
$ 8,300,000 13.0%
Est. payment | /mo
0.51 Acres Lot
Key Details
Sold Price $7,225,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250018218SD
Sold Date 04/28/25
HOA Y/N No
Lot Size 0.510 Acres
Property Sub-Type Mixed Use
Property Description
Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from immediate access to retail, dining, and essential services. Escondido is a rapidly growing submarket within North San Diego County, boasting a strong employment base, top-tier education institutions, and a diverse population. The city offers a competitive rental market with favorable occupancy trends, making Grandview an ideal investment for long-term appreciation and income growth. 1-YEAR "MASTER-LEASE" WITH SELLER Upon transfer of the property, seller will enter into a no-cost one-year management agreement and guarantee rents of $48,000/ monthly to the benefit of the buyer. To be further defined, contact broker for additional information.
Location
State CA
County San Diego
Area 92027 - Escondido
Interior
Fireplace No
Exterior
Total Parking Spaces 22
Others
Tax ID 23023014
Financing Cash
Listed by Erik Anderson • Newmark of Southern California
Bought with Erik Anderson • Newmark of Southern California
Bought with Erik Anderson • Newmark of Southern California