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NORTH ESCONDIDO Property for sale: 320 W Lincoln Ave in Escondido

320 W Lincoln Ave Escondido NORTH ESCONDIDO

Main Photo: NORTH ESCONDIDO Property for sale: 320 W Lincoln Ave in Escondido
$629,999
Prop. Type:
2-4 Units
MLS® Num:
240002311
Status:
Active
Year Built:
1950
Exceptional 4-Unit Development Opportunity in Escondido! Seize approved plans to upscale an existing Duplex from 2 units with 2 beds/1 bath each to 2 larger units with 3 beds/2 baths, plus a detached 2-car garage. Option to further expand with a 2-Unit ADU, achieving a total of 4 units. The Duplex is construction-ready, stripped to the studs with permits for the 2x 3-bed/2-bath project. Situated in San Diego County, Escondido is a hidden gem offering attractions like the San Diego Zoo Safari Park, arts, and outdoor activities. Early development phase allows for submeter installation, letting tenants pay utilities to increase ROI. Act promptly before the seller begins construction. Submitted concept for a 2-unit ADU to city who verbally approved this type of ADU was acceptable on this property providing potential flexibility to collect rents or sell ADUs separately under new regulations. An incredible chance for savvy investors. Act now to capitalize on this investment! Buyers and their Agents are encouraged to verify all info with city of Escondido.
Total Floor Area:
Switch units of measure7,619 sq. ft.
Lot Size:
7,500-10,889 SF
Lot Size:
Switch units of measure7,840.8 sq. ft.
Number of Buildings:
1
Number of Units:
2
Year Built:
1950
Stories:
Split Level
Market Area:
North County
Community:
NORTH ESCONDIDO
County:
San Diego
Neighborhood Code:
NACHTIGALLS
Name of Complex/Subdivision:
N/A
Home Owner Fees:
0.0
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Sewer, Trash, Water, Electricity, Gardener, Hot Water
Projected net operating income:
77151
Other income:
0
Projected other income:
30948.0
Annual expense actual:
8769
Projected annual expense:
8769
Cap Rate.:
0.0
Projected Cap Rate.:
12.27
Gross Rent Multiplier:
0.0
Projected Gross Rent Multiplier:
7.32
Gross scheduled income:
0
Projected gross scheduled income:
85920
Unit Number for Unit 1:
320
Finished Area for Unit 1:
Switch units of measure920 sq. ft.
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
0.0
Projected Rent for Unit 1:
3580.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
Assigned
Parking for Unit 1:
Assigned
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
322
Finished Area for Unit 2:
Switch units of measure827 sq. ft.
Bedrooms for Unit 2:
3
Number of bathrooms for Unit 2:
2
Full Bathrooms for Unit 2:
2
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
0.0
Projected Rent for Unit 2:
3580.0
Total Garage Spaces for Unit 2:
1
Garage for Unit 2:
Assigned
Parking for Unit 2:
Assigned
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Number of bathrooms for Unit 3:
0
Number of bathrooms for Unit 4:
0
N Escondido BLVD & Centre City
Lot Details:
147'x50'
Frontage:
Switch units of measure50'
Exposure Front:
N/K
Exterior Features:
Stucco
Directions:
15 to 78 east to Centre city parkway right on decatur right on north Escondido BLVD & then turn on west lincoln. From freeway to
Cooling:
Other
Land Use:
r-2
Additional Use:
With Structures
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
0
Number of Units with Range/Oven:
0
Number of Units with Refrigerators:
0
Number of Units with Washers:
0
Roof:
Other/Remarks
Security:
N/K
Fencing:
Full
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash
Parcel Number:
228-080-09-00
Listed by David T. Mejia
Data was last updated May 10, 2024 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.