385 Lake Drive

Escondido, CA 92029

$1,495,000
Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Happy to present this turnkey investment opportunity near lake Hodges in the heart of Del Dios. Fantastic location for owner occupied buyer or investor. Potential to operate units as short term or Long term rentals and the potential to convert the 1st floor basement to a 3BD/2BA ADU to make this a 4-unit property. Front House was fully renovated sparing no expense with new quartz countertops, appliances, flooring, painted inside and out including fences/decks/stairway, windows, mini split, driveway,...Happy to present this turnkey investment opportunity near lake Hodges in the heart of Del Dios. Fantastic location for owner occupied buyer or investor. Potential to operate units as short term or Long term rentals and the potential to convert the 1st floor basement to a 3BD/2BA ADU to make this a 4-unit property. Front House was fully renovated sparing no expense with new quartz countertops, appliances, flooring, painted inside and out including fences/decks/stairway, windows, mini split, driveway, recessed lighting, and remodeled bathrooms. Back units feature Kitchen and bathroom remodels, new flooring, interior and exterior paint, new electrical outlets and windows. Seller will be offering a 2, 1 interest rate buydown for the buyer!
  1. Listed by Jason J Lee • DRE #02068011 • Brokerage DRE #02168226 • JLM Real Estate Inc.
  2. Listed by Miles S Slater • DRE #02151498 • Brokerage DRE #02168226 • JLM Real Estate Inc.

Property Details for 385 Lake Drive

Area
92029 - Escondido
Neighborhood
Del Dios
Community
SOUTH ESCONDIDO
City Postal ID
ESCONDIDO (92029)
Cross Street(s)
Lake Dr & Kalmia Ln

Location

Listing Courtesy of JLM Real Estate Inc., Jason J Lee, DRE #02068011; JLM Real Estate Inc., Miles S Slater, DRE #02151498
Add your commute
LISTING UPDATED: 04/25/2024 02:52 PM

Property Details for 385 Lake Drive

StatusActive
MLS #240007626
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size-
CountySan Diego County

Location

Listing Courtesy of JLM Real Estate Inc., Jason J Lee, DRE #02068011; JLM Real Estate Inc., Miles S Slater, DRE #02151498
Add your commute

Building Information for 385 Lake Drive

Stories2Residences-Year Built1929Building Size-Lot Size-

Payment Calculator

$8,621 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,159

Property Taxes

$462

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 385 Lake Drive

Summary Information
Property and Location
  • System ID: 240007626
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Year Built: 1929
  • Street Number Numeric: 385
  • Street Name: Lake Dr
  • Age Restrictions: N/K
  • Market Area: North County
  • Directions To Property: When mapping the property for directions use 20048 Lake Dr.
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 3
  • Num of Units w/Cooling: 3
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Exterior: Wood/Stucco, Other/Remarks
  • Roof: Other/Remarks
  • Fencing: Partial, N/K
  • Security: N/K, Other/Remarks
Property Information
Property and Assessments
  • Total Stories: 2
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: City/County Records
  • Complex/Park: Escondido
  • Assessors Parcel Num: 270-086-03-00
Multi Family Information
Unit 1
  • Unit 1 Num of Bedrooms: 3
  • Unit 1 Num of Total Baths: 2
  • Unit 1 Deposit: $0
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Vacant
  • Unit 1 Prkng Garage Space: 3
  • Unit 1 Projected Rent: $3,550
  • Unit 1 Rent Actual: $0
Unit 2
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $0
  • Unit 2 Exclusive Use Yard: No
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Vacant
  • Unit 2 Projected Rent: $2,450
  • Unit 2 Rent Actual: $0
Unit 3
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $0
  • Unit 3 Exclusive Use Yard: No
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Occupied: Vacant
  • Unit 3 Projected Rent: $1,950
  • Unit 3 Rent Actual: $0
Unit 4
  • Unit 4 Num of Total Baths: 0

Property History for 385 Lake Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 385 Lake Drive

Taxable ValueLand$265,901Additions$206,815Total$472,716
Tax Record2023$5,548 ($462 / month)
Home Facts
Total Finished SqFt2,024 SqFtAbove Grade Finished SqFt2,024 SqFtLot Size5,254 SqFtStyleMulti-Family Dwelling (2-4)Year Built1929ZoningR-1:SINGLE FACountySAN DIEGOAPN270-086-03-00

Schools near 385 Lake Drive

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
Public - 9 to 12
Rating
School
Distance
Bernardo Elementary School
PublicK to 5

Bear Valley Middle School
Public6 to 8

San Pasqual High School
Public9 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.

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385 Lake Drive is a multi-family home for sale in Escondido, CA 92029. This property was listed for sale on April 9, 2024 by JLM Real Estate Inc., it's currently listed at $1,495,000. It has been on the market for a total of 21 days and was last sold on October 24, 2023. This listing's school districts are Escondido Union School District, Escondido Union High School District. Nearby schools include Bernardo Elementary School, Bear Valley Middle School and San Pasqual High School. 385 Lake Drive is a 6-bed, 4-bath, multi-family home built in 1929.

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Listing Courtesy of JLM Real Estate Inc., Jason J Lee, DRE #02068011; JLM Real Estate Inc., Miles S Slater, DRE #02151498

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