$7,225,000
$8,300,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/28/2025
Key Details
Sold Price $7,225,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250018218
Sold Date 04/28/25
Acres 0.51
Property Description
Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from immediate access to retail, dining, and essential services. Escondido is a rapidly growing submarket within North San Diego County, boasting a strong employment base, top-tier education institutions, and a diverse population. The city offers a competitive rental market with favorable occupancy trends, making Grandview an ideal investment for long-term appreciation and income growth. 1-YEAR "MASTER-LEASE" WITH SELLER Upon transfer of the property, seller will enter into a no-cost one-year management agreement and guarantee rents of $48,000/ monthly to the benefit of the buyer. To be further defined, contact broker for additional information.
Location
State CA
County San Diego
Area Escondido (92027)
Exterior
Total Parking Spaces 22
Building
Story 3
Others
Space Rent $576,000
Financing Cash
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Bought with Erik M Anderson • Newmark of Southern California
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "