1015 E Ohio Ave, Escondido, CA 92025

$3,675,000

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List Price
$3,675,000
Status
ACTIVE
MLS#
260011827SD
Lot Size
14,558
Acres
0.33
Days on Market
117
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

5.30% Cap Rate with Upside! The Bali Apartments is a fully renovated 15-unit apartment building located in the heart of Escondido in North County San Diego. The property features all 1 bed 1 bath units of approximately 630 square feet and abundant parking with 22 surface spaces, 14 of which are covered. Each unit has modern finishes including fully renovated kitchens and bathrooms along with new flooring, fixtures and dual pane vinyl windows. Kitchens feature countertop seating, stainless appliances, luxury gas ranges and floating vent hoods. Each unit also has an air conditioning unit. Major recent improvements include new electrical panels in all units in 2021.

Additional Information

Cooling
Yes
Attached Structure
Detached
Number Of Units Total
15
Gross Scheduled Income
$337,957
Operating Expense
129665

Listing courtesy of Listing Agent: Nate Pepper (Nate.pepper@outlook.com) from Listing Office: CBRE.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.