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Sold for $1,288,000
  • $1,288,000

    251-257 N Cedar St, Escondido, CA 92025

    8beds
    --sqft
    Multi Family
    Built in 1963
    -- sqft lot
    $1,281,700 Zestimate®
    $--/sqft
    $2,636 Estimated rent

    Home value

    $1,281,700

    $1.17M - $1.40M

    $2,636/mo

    Zestimate® history
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    $2,636/mo

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    $8,345/mo

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    What's special

    Common fenced yardPrivate patio
    Turn-Key 4-Unit Investment Property in East Escondido – Immediate Cash Flow! Discover an incredible investment opportunity with this fully tenant-occupied 4-unit property in desirable East Escondido. Generating nearly $8,000 in monthly rental income, this property offers long-term tenants and a prime location, making it a rare find for savvy investors. This well-maintained building consists of three 2-bedroom, 1-bathroom units located downstairs, and one 2-bedroom, 1-bathroom unit upstairs. The upstairs unit features a private patio, while all tenants enjoy the common fenced yard. The property’s low-maintenance nature ensures a hassle-free investment, offering steady returns for years to come. Situated on a quiet residential street with a Walk Score of 71, the property is ideally located near stores, restaurants, and public transportation, making it a highly desirable place for tenants to call home. This turn-key asset is perfect for investors looking to add a high-performing property to their portfolio. With tenant stability, strong rental income, and a prime location, this investment offers both immediate cash flow and long-term growth potential.

    Zillow last checked:

    Listing updated:

    Listed by:

    Bob Davie DRE #01859951 858-229-9051,

    SD Residential Property Mgmt,

    Katie Acampora DRE #01870747 858-485-6565,

    SD Residential Property Mgmt

    Bought with:

    Farid Khayamian, DRE #01835318

    Bluxen, Inc

    Source: SDMLS,MLS#: 240028102MLS LogoOriginating MLS: SDMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Cooling
    • Other/Remarks
    Interior area
    • Total structure area: 3,200

    Property

    Features
    • Levels: 2 Story
    • Fencing: Full
    Details
    • Parcel number: 2301720800

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • Year built: 1963

    Community & HOA

    Community
    • Features: Laundry Facilities
    • Security: N/K
    • Subdivision: EAST ESCONDIDO
    Location
    • Region: Escondido

    Financial & listing details

    • Date on market: 12/6/2024
    • Listing terms: Cash,Conventional
    • Tenant pays: Cable TV, Electricity, Gas/Propane

    Price history

    DateEventPrice
    1/24/2025Sold$1,288,000-7.8%
    Source: SDMLS #240028102 Report a problem
    12/16/2024Pending sale$1,396,500
    Source: SDMLS #240028102 Report a problem
    12/7/2024Listed for sale$1,396,500
    Source: SDMLS #240028102 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92025

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,281,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,281,700