This 1988 constructed complex is down the street from Downtown Escondido, and consists of (10) 2 Bedroom Units, plus a non-conforming studio. All units have been recently renovated, providing a low-maintenance investment with immediate cash flow. The property offers a 5.56% current cap rate with upside. Situated in a highly walkable location with a 90 Walk Score, the property is just 0.4 to 0.6 miles from Downtown Escondido's restaurants, retail, and entertainment. The surrounding area boasts an average household income of approximately $103,000, while homeownership costs are approximately double the average apartment rent. Additionally, the property is not subject to local rent control, providing greater operational flexibility for future ownership.
For sale
Listed by: Pat Swanson • Pat Swanson • Contact: 213-864-2862
Price cut: $70K (9/16)
$3,575,000
331 E Washington Ave, Escondido, CA 92025
20beds
11baths
8,700sqft
Multi Family
Built in 1988
-- sqft lot
$3,341,400 Zestimate®
$411/sqft
$-- HOA
What's special
- 68 days
- 145
- 7
Zillow last checked:
Listing updated:
Listed by:
Pat Swanson DRE #01382974 213-864-2862,
Pat Swanson
Source: CRMLS,MLS#: OC26160522
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 11
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 8,700
- Total interior livable area: 8,700 sqft
Property
Parking
- Total spaces: 22
- Parking features: Carport
- Carport spaces: 12
- Uncovered spaces: 10
Features
- Entry location: Ground
- Pool features: None
Lot
- Size: 0.34 Acres
- Features: 6-10 Units/Acre
Details
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Street Lights, Suburban, Sidewalks, Urban
- Subdivision: East Escondido
Location
- Region: Escondido
Financial & listing details
- Price per square foot: $411/sqft
- Date on market: 7/24/2026
- Cumulative days on market: 69 days
- Listing terms: Cash to New Loan
Estimated market value
$3,341,400
$3.17M - $3.51M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Price change | $3,575,000-1.9%$411/sqft |
Source:  CRMLS #OC26160522 Report a problem | ||
| 9/2/2026 | Price change | $3,645,000-0.1%$419/sqft |
Source: CRMLS #OC26160522 Report a problem | ||
| 8/13/2026 | Price change | $3,649,000-1.4%$419/sqft |
Source: CRMLS #OC26160522 Report a problem | ||
| 7/24/2026 | Listed for sale | $3,699,0000%$425/sqft |
Source: CRMLS #OC26160522 Report a problem | ||
| 9/8/2025 | Listing removed | $2,495 |
Source: Zillow Rentals Report a problem | ||
| 8/18/2025 | Price change | $2,495-5.8% |
Source: Zillow Rentals Report a problem | ||
| 7/29/2025 | Listed for rent | $2,650 |
Source: Zillow Rentals Report a problem | ||
| 3/11/2025 | Sold | $3,700,000$425/sqft |
Source:  SDMLS #240014964 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 92025
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