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$ 1,350,000
Est. payment | /mo
0.62 Acres Lot
$ 1,350,000
Est. payment | /mo
0.62 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2501314
Lot Size 0.620 Acres
Property Sub-Type Lots/Land
Property Description
Major Price Improvement! Prime Multi-Family Development Opportunity in the Heart of Escondido, CA Entitled 15-Unit Multi-Family Project | Zoned R-3-18 | High-Demand Rental Market. (Potential for Density Bonus & Incentives Verify with City of Escondido)This 15-unit multi-family project is fully entitled and located just two blocks from premier shopping, dining, and major transportation corridors, offering developers a highly desirable location with strong rental demand. 15 Spacious Residential Units, (14) Three-Bedroom, Two-Bathroom Units and (1) Two-Bedroom, 2.5-Bathroom Unit. Average Unit Size: 1,365 Sq. Ft, Total Net Rentable Area: 20,482 Sq. Ft. Entitlements & Development Progress: Over $350,000 invested in soft costs, entitlements, and permit fees, Class D wood-frame construction over a concrete first floor and approved for 3 stories with a maximum height of 35 feet. Nestled in North San Diego County, Escondido, California, is a thriving and dynamic community known for its affordable housing, vibrant arts scene, and outstanding quality of life. Conveniently situated along the I-15 corridor, Escondido provides direct access to downtown San Diego (30 miles south) and is a gateway to some of Southern Californias most sought-after recreational destinations. Growing Demand: Escondidos rental market is strong and stable, driven by a mix of families, professionals, and retirees seeking larger, more affordable housing options compared to coastal cities. Economic Growth & Infrastructure: Escondido is undergoing significant revitalization efforts, including improvements to its h
Location
State CA
County San Diego
Direction Take 78 freeway into Escondido. R on north Broadway, L on E Mission, R on North Fig st.
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 2300415300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Jeff Kane Coldwell Banker West
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