Escondido, CA 92025,Address not disclosed
Escondido, CA 92025,Address not disclosed
Escondido, CA 92025,Address not disclosed
Escondido, CA 92025,Address not disclosed
Escondido, CA 92025,Address not disclosed
Escondido, CA 92025,Address not disclosed
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$2,250,000

$2,600,000

13.5%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 03/31/2022

Key Details

Sold Price $2,250,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PTP2108168

Sold Date 03/31/22

HOA Y/N No

Year Built 1974

Property Description

15 Unit Office Building in the Opportunity Zone Area. Ideal for long term investors and 1031 exchanges. Property has increase income potential with value add (remodeling and net leases). Most of current tenants have been long term. All leases are now month to month or short term, so may have few issues for new investor to modify leases. Price includes adjacent lot which is approx. 8000 sq ft (229-180-61-00). Total sq ft for both lots is almost 1 acre. Extra lot is currently used as additional parking- may be buildable but buyer to do own due diligence. Great opportunity for investors who just recently has a large capital gain transaction from either real estate, stocks, or businesses sale.

Location

State CA

County San Diego

Area 92025 - Escondido

Zoning C-6

Interior

Fireplace No

Exterior

Total Parking Spaces 21487

Building

Lot Description Lot Over 40000 Sqft, Near Public Transit, Street Level

Story 2

Others

Tax ID 2291806000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kathleen Nguyen • Lifetime Real Estate
Bought with Kathleen Nguyen • Lifetime Real Estate
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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