$1,130,000
$650,000
73.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,108 SqFt
SOLD DATE : 01/16/2024
Key Details
Sold Price $1,130,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,108 sqft
Price per Sqft $1,019
Subdivision Southwest Escondido
MLS Listing ID 230018224SD
Sold Date 01/16/24
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1940
Lot Size 7,697 Sqft
Property Description
This property presents a unique investment potential in the southern part of Escondido. The current house requires significant renovations and can only be viewed with accepted offers. This opportunity becomes even more compelling when combined with the adjacent lot, which is also available for sale. When both properties are acquired together, there is the potential to develop up to 15 units in accordance with the city's zoning regulations in Escondido. Moreover, by focusing on affordable housing, there may be opportunities to secure additional bonus density units for the project. Alternatively, this property can be developed as a mixed-use space, featuring commercial storefronts at the front of the building and residential units on the upper floors. The possibilities are vast for this versatile investment opportunity. The adjacent lot will be added to the mls shortly as well.
Location
State CA
County San Diego
Area 92025 - Escondido
Interior
Heating None, See Remarks
Cooling None
Fireplace No
Laundry None
Exterior
Parking Features Driveway, Gravel, Other
Fence Fair Condition, Wire
Pool None
View Y/N No
Roof Type Asphalt,Shingle
Total Parking Spaces 3
Private Pool No
Building
Story 1
Entry Level One
Sewer Unknown
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2361201600
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Financing Private
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Bought with Vikram Boregowda • Sterling Nests
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Broker Associate | Lic# 01398838