331 Washington, Escondido, CA 92025

Escondido
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
331 Washington,Escondido, CA 92025
$3,575,000
  • - Beds
  • - Baths
  • 8,700 sq. ft.
  • Multi-family
  • Active
Listed by: pat swanson
Office: pat swanson949-724-5564
MLS#:OC26160522
Source:CRMLS

Price summary

  • Price:$3,575,000
  • Price per sq. ft.:$410.92

About this home

This 1988 constructed complex is down the street from Downtown Escondido, and consists of (10) 2 Bedroom Units, plus a non-conforming studio. All units have been recently renovated, providing a low-maintenance investment with immediate cash flow. The property offers a 5.56% current cap rate with upside. Situated in a highly walkable location with a 90 Walk Score, the property is just 0.4 to 0.6 miles from Downtown Escondido's restaurants, retail, and entertainment. The surrounding area boasts an average household income of approximately $103,000, while homeownership costs are approximately double the average apartment rent. Additionally, the property is not subject to local rent control, providing greater operational flexibility for future ownership.

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Home facts

  • Year built:1988
  • Subdivision & Development:East Escondido
  • Listing ID #:OC26160522
  • Added:76 day(s) ago
  • Updated:October 06, 2026 at 11:19 AM

Rooms and interior

  • Living area:8,700 sq. ft.

Structure and exterior

  • Year built:1988
  • Building area:8,700 sq. ft.
  • Lot area:0.34 Acres

Utilities

  • Water:Public
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$3,575,000
  • Price per sq. ft.:$410.92

Parking

  • Total parking spaces:22
  • Parking description:12 Carport Space(s)
  • Carport spaces:12
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