Single Family Home $ 699,000

351 55 W 8th Ave

Escondido, CA 92025

  • 7,052 Lot Size
  • 1958 Year Built
Opportunity to acquire two detached 2-bedroom, 1-bath homes with separate utilities situated on a 7,052 sq. ft. R-3 zoned lot in a centrally located Escondido neighborhood. Conveniently located near schools, shopping, restaurants, and major transportation corridors. Each unit offers private yard space, creating strong tenant appeal and long-term rental potential. Currently generating income with an estimated 6% cap rate, this property presents an excellent value-add opportunity for investors seeking to increase cash flow through renovations and rental repositioning. The large R-3 zoned lot may offer future expansion or redevelopment possibilities (buyer to verify). Whether you are seeking a long-term hold, a value-add renovation project, or a future development , this property offers multiple avenues to maximize returns. Ideal for investors, contractors, buyer's that are ready to roll up their sleeves, implement improvements, and unlock the property's full potential.
Listed by Luda Phipps of Luda Phipps, Broker

PROPERTY DETAIL

  • Key Details

    Property Type Single Family Home

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID PTP2604604

    HOA Y/N No

    Year Built 1958

    Lot Size 7,052 Sqft

  • Location

    State CA

    County San Diego

    Area 92025 - Escondido

    Zoning R-3:Restricted Multiple

  • Building

    Lot Description 2-5 Units/Acre

    Story 1

    Sewer Public Sewer

    New Construction No

  • Interior

    Heating Wall Furnace

    Fireplace No

    Laundry Inside

  • Exterior

    Garage Spaces 1.0

    Garage Description 1.0

    Pool None

    Community Features Sidewalks

    View Y/N No

    Total Parking Spaces 5

    Private Pool No

  • Others

    Senior Community No

    Tax ID 2333710200

    Acceptable Financing Cash, Conventional, Submit

    Listing Terms Cash, Conventional, Submit

    Special Listing Condition Standard

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CONTACT

Luda Phipps
Luda Phipps

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