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Sold for $3,700,000
  • Listed by: DAUM COMMERCIAL RE SERVICES • LEE SPENCE • Contact: 909-652-9044
    Bought with: DAUM COMMERCIAL RE SERVICES
    $3,700,000

    1935 E El Norte Pkwy, Escondido, CA 92027

    9beds
    --baths
    11,000sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $336/sqft
    $3,399 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,399/mo

    Zestimate® history
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    What's special

    Signalized southwest cornerThree single-family homes
    This offering consists of five contiguous parcels located at the signalized southwest corner of E. El Norte Parkway and N. Midway Drive in Escondido, California. Together, the parcels total approximately 2.3 acres and include: • Three single-family homes • A 6,335 sq. ft. market/liquor store • A 0.36-acre parcel of vacant land The properties are situated within the Commercial Neighborhood (CN) zoning district. The existing residential units are classified by the City as legal, non-conforming uses, meaning new residential construction would require a zone change. The four rented units currently generate approximately $14,700 per month in gross income, providing strong interim cash flow. This site occupies a unique position as a standalone commercial enclave surrounded by residential neighborhoods, giving it a near-monopoly advantage for local retail and service businesses within the immediate trade area. Additionally, the vacant parcel offers future development potential, and the scarcity of commercial zoning in this area positions the property for strong long-term appreciation

    Zillow last checked:

    Listing updated:

    Listed by:

    LEE SPENCE DRE #00954487 909-969-8800,

    DAUM COMMERCIAL RE SERVICES

    Bought with:

    LEE SPENCE, DRE #00954487

    DAUM COMMERCIAL RE SERVICES

    Source: CRMLS,MLS#: IV25235623MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    Appliances
    • Laundry: Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 11,000
    • Total interior livable area: 11,000 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Entry location: front
    • Pool features: None
    Lot
    • Size: 2.3 Acres
    • Features: 2-5 Units/Acre
    Details
    • Additional parcels included: 2250703200, 2250703300, 22507035002250703400,
    • Parcel number: 2250703100
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking
    • Subdivision: North Escondido
    Location
    • Region: Escondido

    Financial & listing details

    • Price per square foot: $336/sqft
    • Tax assessed value: $492,135
    • Annual tax amount: $5,647
    • Date on market: 10/8/2025
    • Cumulative days on market: 13 days
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    3/4/2026Sold$3,700,000+4.2%$336/sqft
    Source: CRMLS #IV25235623 Report a problem
    10/21/2025Pending sale$3,550,000$323/sqft
    Source: CRMLS #IV25235623 Report a problem
    10/8/2025Listed for sale$3,550,000$323/sqft
    Source: CRMLS #IV25235623 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,647 +2.1%$492,135 +2%
    2024$5,532 +2.3%$482,486 +2%
    2023$5,407 +1.1%$473,027 +2%
    2022$5,349 +1.6%$463,753 +2%
    2021$5,263 +98.5%$454,661 +100.6%
    2020$2,652 +3.7%$226,686 +2%
    2019$2,556 +1.6%$222,242 +2%
    2018$2,517 +1.6%$217,886 +2%
    2017$2,476 +2%$213,615 +2%
    2016$2,428 +0.8%$209,427 +1.5%
    2015$2,408 +4.3%$206,282 +2%
    2014$2,309 $202,242 +0.5%
    2013-- $201,329 +2%
    2012-- $197,382 +2%
    2011-- $193,513 +0.8%
    2010-- $192,067 -0.2%
    2009-- $192,524 +2%
    2008-- $188,750 +2%
    2007-- $185,050 +2%
    2006-- $181,423 +2%
    2005-- $177,867 +2%
    2004-- $174,380 +1.9%
    2003-- $171,185 +2%
    2002-- $167,829
    Find assessor info on the county website

    Neighborhood: 92027

    Nearby schools

    GreatSchools rating