345 E Park Avenue

    Escondido, CA 92025
    • $8,620,000
    • STATUS: ACTIVE
    • ON SITE: 127 days
    • ID#: 190032975
    $8,620,000
    • 2
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We have been selected to exclusively market for sale La Serena, a well-maintained 37-unit multifamily property in the city of Escondido, California. Built in 1977, La Serena is located at 345 East Park Avenue and is a true value-add opportunity that is being offered free and clear of debt. La Serena is situated on 1.69 acres and is comprised of 7 one-story and two-story buildings with flat roofs. The unit mix includes 37 two-bedroom/one-bathroom units plus a non-conforming two-bedroom/one-bathroom unit. Property amenities include carports, a community courtyard, a swimming pool and barbeque area, lush landscaping, and an on-site laundry facility. Tenants at La Serena enjoy easy access to retailers and restaurants along Valley Parkway such as Walmart, Vallarta Supermarket, CVS Pharmacy, Home Depot, IHOP, Chipotle and many more. Escondido is located in the northern portion of San Diego County, about 30 miles north of downtown San Diego and 18 miles east of the Pacific Coast. Th

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.teamforss.com/homes/95954251

    345 E Park Avenue Escondido, CA 92025

    • Price: $8,620,000
    • Status: ACTIVE
    • ID#: 190032975
    2
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Escondido (92025)
    County:
    San Diego
    Area:
    Escondido (92025)
    Property Description
    We have been selected to exclusively market for sale La Serena, a well-maintained 37-unit multifamily property in the city of Escondido, California. Built in 1977, La Serena is located at 345 East Park Avenue and is a true value-add opportunity that is being offered free and clear of debt. La Serena is situated on 1.69 acres and is comprised of 7 one-story and two-story buildings with flat roofs. The unit mix includes 37 two-bedroom/one-bathroom units plus a non-conforming two-bedroom/one-bathroom unit. Property amenities include carports, a community courtyard, a swimming pool and barbeque area, lush landscaping, and an on-site laundry facility. Tenants at La Serena enjoy easy access to retailers and restaurants along Valley Parkway such as Walmart, Vallarta Supermarket, CVS Pharmacy, Home Depot, IHOP, Chipotle and many more. Escondido is located in the northern portion of San Diego County, about 30 miles north of downtown San Diego and 18 miles east of the Pacific Coast. Th
    Interior Features

    Sq Ft Of Improvement 27750

    Property Features

    Actual Gross Scheduled Income 662654 Actual Operating Expense 274652 Assumable Finance 0 Gross Equity 8620000 Gross Multiplier 14.18 Have 37 Units Mandatory Remarks None Known Market Area North County Motive Want Sell Short Sale No Unit Number1 37

    Listing provided courtesy of Marcus & Millichap. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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