815 E Pennsylvania Ave, Escondido, CA 92025
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
Listed by: michael greiner
Office: cbre858-546-4600
MLS#:260007438SD
Source:CRMLS
Price summary
- Price:$6,300,000
About this home
We are pleased to present the opportunity to purchase Penn + Elm, a dense flexibly-zoned land assemblage consisting of five contiguous parcels located within the San Diego County submarket of Downtown Escondido. This portfolio consists of the properties: 815 E Pennsylvania - Vacant medical office and paved parking lot, 843 E Pennsylvania - Vacant single family, 848 E Ohio - Vacant lot, 830 E Ohio - Vacant duplex, and 838-840 E Ohio - Vacant duplex. Penn + Elm is situated within the S-P (Specific Plan) zoning designation, which is used by the City of Escondido to tailored development within specially planned districts. S-P Zoning allows for adaptable land-use standards, density provisions and development guidelines unique to each Specific Plan area, enabling flexibility in design and permitting. Depending on the applicable Specific Plan sub-area, the zoning may support mixed-use or multifamily residential development, enhanced height allowances, walkability-focused site planning and opportunities to incorporate affordability or community-serving uses. When paired with California’s Density Bonus Law, developers can further increase allowable density, height and reduced parking ratios allowing this offering well-positioned for near-term multifamily or mixed-use redevelopment. Proof of concept for the feasible density onsite is provided by various recently approved and redeveloped sites with the S-P Zoning designation in-and-around the Downtown Escondido submarket....
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Home facts
- Subdivision & Development:Southeast Escondido
- Listing ID #:260007438SD
- Added:8 day(s) ago
- Updated:November 06, 2026 at 10:19 AM
Structure and exterior
- Lot area:1.47 Acres
- Lot Features:Level with Street
Finances and disclosures
- Price:$6,300,000
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