10
See all 10 photos
$1,799,000
Est. payment /mo
0.36 Acres Lot
New
2222 Bear Valley Parkway Escondido, CA 92027
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UPDATED:
02/28/2025 04:24 AM
Key Details
Property Type Condo, Townhouse
Sub Type Apartment,Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250020076
Lot Size 0.361 Acres
Acres 0.36
Property Sub-Type Apartment,Townhouse
Property Description
Easy cash flow opportunity in East Escondido. The Cambria Townhomes is a 5 unit apartment building that has been 80%(4 of the 5) renovated by the current ownership. Upgrades include but are not limited to quartz countertops in kitchens and baths as well as new cabinets, in unit washers and dryers, luxury vinyl plank flooring, dual pane vinyl windows, new exterior fencing for the back of the units, upgraded appliances and fixtures. Built in 1973, the property has spacious units with 3 of the 5 units townhouse style and the remaining 2 being flats. There is a direct entrance from the parking area into each unit for resident's convenience. The 5th unit was remodeled in 2018. Current ownership replaced the roof and fascia of the building in December 2023 and at the same time replaced the roof of the carports. There are RUBS in place that generate an additional $300 monthly offsetting the water, sewer, and trash expense. Walking distance to Orange Glen High School, this property is a cash cow with upside by completing the renovation of the 5th unit and raising rents over time knowing that there will be little ongoing maintenance due to the renovations. There are no balconies so no issues with SB 721.
Location
State CA
County San Diego
Area Escondido (92027)
Interior
Flooring Vinyl
Laundry Owned
Exterior
Exterior Feature Fully Landscaped, Wood Fence
Parking Features Carports, Spaces
Roof Type Composition
Total Parking Spaces 10
Building
Story 2
Lot Size Range .25 through .50 Acres
Others
Acceptable Financing Cash, Cash to New Loan
Space Rent $144,600
Listing Terms Cash, Cash to New Loan
Listed by Gary Kaufman • South Coast Commercial, Inc.