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 California’s most sought-after recreational destinations. Growing Demand: Escondido’s 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 historic downtown district, increased investment in mixed-use developments, and transit-oriented projects that enhance long-term property value. This is a turnkey development opportunity in one of San Diego County’s most promising multi-family markets.
Details
| MLS # | NDP2601724 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 193 |
| Listing Provided By | Coldwell Banker West | Jeff Kane |
Features
| Zoning | R-3 Restricted Multiple |
|---|---|
| Acreage | 0.62 |
| Property View | Yes |
Exterior
| Lot Features | Value In Land |
|---|
Location
| Community Features | Curbs, Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | Escondido |
| Zip Code | 92025 |
| Area | 92025 Escondido |
| Listing VS Median (in 92025) | |
Price: $850,000 low | high Med: $799,000 On site: 193 low | high Med: 23 | |
Market Activity 92025
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | Escondido |
| Zip Code | 92025 |
| Area | 92025 Escondido |
| Listing VS Median (in 92025) | |
Price: $850,000 low | high Med: $799,000 On site: 193 low | high Med: 23 | |
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