$1,875,000
( )
 $10,065 est/mo Sourced by Back At You

318 E Washington Avenue , Escondido, CA 92025

Escondido, CA 92025

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Description

Zorbas, Huffman, & Partners of Marcus & Millichap are pleased to present 318 E Washington Ave., a 6-unit multifamily asset located in Escondido, California, near Escondido’s historic downtown district and Escondido Transit Center. The property is comprised of (6) two-bedroom / one-bathroom floorplans averaging 720 square feet of living area. The property features ample parking with a mix of carports and open spaces. The site orientation is ideal, residents enjoy quick access to countless restaurants, cafes, museums, salons, spas, entertainment, shopping, and neighborhood amenities. With proximity to the Escondido Transit Center, the downtown district and Grand Avenue corridor are centered around Smart Growth initiatives by SANDAG and the City of Escondido, intended to enhance the area by encouraging transit-oriented land uses and future developments. The Grand Avenue Vision Project is a $15 million community-driven objective underway to enhance the corridor with widened sidewalks, improved parking, expanded outdoor dining space, new lighting, and a new Charity Arch over Grand Avenue that befittingly showcases the vibrant neighborhood and transit gateway. With an upward trajectory of activity in the submarket, along the 78 Corridor & North I-15, demand for multifamily is increasing. The submarket boasts a strong employment base that continues to diversify, bringing new residents and attractive rents. Notably, Apple purchased 67-acres in Rancho Bernardo that will likely be used for chip manufacturing.

Details

MLS#240025134SD
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Days On Site17
Listing Provided ByMarcus & Millichap 818-212-2250 | Austin Huffman

Features

Units6
Building(s)2

Market Activity 92025

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 6 minutes ago
StateCA
CountySan Diego
CityEscondido
Zip Code92025
Area92025 Escondido
Listing VS Median (in 92025)
Price:
$1,875,000
low | high
Med:
$852,900
100% of Average
On Site:
17
low | high
Med:
139.000000
12.230215827338% of Average
Sourced by Back At You
Listing Updated: October 30, 2024 at 2:13:03 PM PDT