18
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$1,013,250
Est. payment /mo
4 BD
4 BA
750 SqFt
Pending
904-912 Chestnut Street Escondido, CA 92025
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UPDATED:
12/16/2024 07:43 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $1,351
Subdivision East Escondido
MLS Listing ID 240028103
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1948
Property Description
***PLEASE DO NOT DISTURB THE TENANTS*** Prime 4-Unit Tenant-Occupied Investment Opportunity in Old Escondido. This fully tenant-occupied, turn-key property is a rare gem in the heart of Old Escondido, offering immediate and consistent income from day one. All four units are leased by long-term tenants, generating over $6,000 in monthly rents, with a strong cap rate that makes this an exceptional opportunity for investors seeking stable cash flow and high returns. The property features one 2-bedroom, 1-bath unit, two 1-bedroom, 1-bath units, and a non-conforming studio all with significant rental upside. Additional amenities include three single-car garages, off-street parking, and private and communal outdoor spaces, all enhancing tenant retention and property value. Located on a quiet residential street this property is perfect for investors looking for a hands-off, income-generating asset in one of Escondido's great neighborhoods. Seize this rare opportunity to own a fully tenant-occupied property with immediate income and long-term value!
Location
State CA
County San Diego
Community East Escondido
Area Escondido (92025)
Building/Complex Name Escondido
Exterior
Exterior Feature Stucco
Parking Features Unit1:Detached Unit3:Detached Unit4:Detached
Fence Full
Roof Type Composition
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $2,015
Listing Terms Cash, Conventional
Listed by Bob Davie • SD Residential Property Mgmt
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