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Additional details
$1,750,000
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNDP2501314
Originating Board California Regional MLS
Lot Size 0.620 Acres
Property Sub-Type Other Residential Land
Property Description
Prime Multi-Family Development Opportunity in the Heart of Escondido, CA Entitled 15-Unit Multi-Family Project | Zoned R-3-18 | High-Demand Rental Market. (Potential for Density Bonus & Incentives - Verify with City of Escondido)This 15-unit multi-family project is fully entitled and located just two blocks from premier shopping, dining, and major transportation corridors, offering developers a highly desirable location with strong rental demand. 15 Spacious Residential Units, (14) Three-Bedroom, Two-Bathroom Units and (1) Two-Bedroom, 2.5-Bathroom Unit. Average Unit Size: 1,365 Sq. Ft, Total Net Rentable Area: 20,482 Sq. Ft. Entitlements & Development Progress: Over $350,000 invested in soft costs, entitlements, and permit fees, Class D wood-frame construction over a concrete first floor and approved for 3 stories with a maximum height of 35 feet. Nestled in North San Diego County, Escondido, California, is a thriving and dynamic community known for its affordable housing, vibrant arts scene, and outstanding quality of life. Conveniently situated along the I-15 corridor, Escondido provides direct access to downtown San Diego (30 miles south) and is a gateway to some of Southern California's most sought-after recreational destinations. Growing Demand: Escondido's rental market is
Location
State CA
County San Diego
Area 92025 - Escondido
Zoning LY,LV
Exterior
View Local/Neighborhood
Building
Water Other
Others
Tax ID 2300415300
Special Listing Condition Not Applicable
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2501314
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Listed by Jeff Kane • Coldwell Banker West