$2,250,000
$2,600,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Kathleen Nguyen • Lifetime Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States