726 East 7th Avenue

Escondido, CA 92025

$1,400,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The property is a 3 unit triplex in a quiet South Escondido neighborhood. All three units have 2 bedrooms and 1 bath and a 2 car garage. The property has a cash on cash cap rate of 4.1% and a projected cap rate of 5.0%. The property is approximately 5 minutes from I-15 and a few additional minutes to Freeway 78. It is also close to downtown Escondido and the San Marcos Costco, Walmart, and Home Depot. The units are occupied by long term tenants who pay all utilities except water. The property can...The property is a 3 unit triplex in a quiet South Escondido neighborhood. All three units have 2 bedrooms and 1 bath and a 2 car garage. The property has a cash on cash cap rate of 4.1% and a projected cap rate of 5.0%. The property is approximately 5 minutes from I-15 and a few additional minutes to Freeway 78. It is also close to downtown Escondido and the San Marcos Costco, Walmart, and Home Depot. The units are occupied by long term tenants who pay all utilities except water. The property can only be viewed with an accepted offer which must also include a pre approval loan letter and proof of funds. The Seller will not make any repairs or alterations. Seller to select all services.
  1. Listed by George Gigliotti • DRE #01351963 • Brokerage DRE #01845716 • Century 21 Masters

Property Details for 726 East 7th Avenue

Cross Streets
11th
Area
Escondido (ESC)
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
233 311 29 00
Directions
GPS

Location

Listing Courtesy of Century 21 Masters, George Gigliotti, DRE #01351963
Add your commute
LISTING UPDATED: 05/10/2024 05:22 PM

Property Details for 726 East 7th Avenue

StatusActive
MLS #240010378SD
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1975
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Century 21 Masters, George Gigliotti, DRE #01351963
Add your commute

Building Information for 726 East 7th Avenue

Stories2Residences-Year Built1975Building Size-Lot Size-

Payment Calculator

$7,640 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 726 East 7th Avenue

Community / Development
Community / Development
  • Complex Name: None
  • Number Of Units: 3
  • Builders Tract Name: Old Escondido
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $58,000.00
  • Gross Scheduled Income: $69,120
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $20.30
  • Other Income1: $.00
  • Total Annual Expense: 11120
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall/Window
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Tar and Gravel
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water, Trash Collection

Property History for 726 East 7th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 726 East 7th Avenue

This home is within Escondido Union School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Central Elementary School
PublicK to 5

Del Dios Middle School
Public6 to 8

Orange Glen High School
Public9 to 12

Classical Academy High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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726 East 7th Avenue is a multi-family home for sale in Escondido, CA 92025. This property was listed for sale on May 9, 2024 by Century 21 Masters, it's currently listed at $1,400,000. This listing's school districts are Escondido Union School District, Escondido Union High School District. Nearby schools include Central Elementary School, Del Dios Middle School and Orange Glen High School. 726 East 7th Avenue is a 6-bed, 3-bath, multi-family home built in 1975.

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Listing Courtesy of Century 21 Masters, George Gigliotti, DRE #01351963

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