331 Washington
Escondido, CA 92025
2
Bed
2
Bath
14,747Sqft(Lot)
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 5.31% 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.
Property Details
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Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1988Building Area Total: 8700Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 14747 Lot Size Acres: 0.3385 Lot Size Source: Assessor Lot Size Square Feet: 14,747 Lot Description: SixToTenUnitsAcreProperty Information
Subdivision: East Escondido Source Property Type: ResidentialIncome Property SubType: Apartment Property Age: 38
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Listing Price Information
Listing Price: $3645000Original Price: $3699000CashToNewLoan
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Parking Information
Parking Total: 22
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Location Information
Direction: Google Maps Please WaterSource: Public
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ByOwner last updated this listing 09/11/2026 @ 19:50
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