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Residential Income for sale : 4 bedrooms : 351-55 W 8th Ave in Escondido

351-55 W 8th Ave Escondido

Main Photo: Residential Income for sale : 4 bedrooms : 351-55 W 8th Ave in Escondidobanner
$699,000
Prop. Type:
Residential Income
MLS® Num:
306744795
Status:
Active
Bedrooms:
4
Bathrooms:
2
Opportunity to acquire two detached 2-bedroom, 1-bath homes with separate utilities situated on a 7,052 sq. ft. R-3 zoned lot in a centrally located Escondido neighborhood. Conveniently located near schools, shopping, restaurants, and major transportation corridors. Each unit offers private yard space, creating strong tenant appeal and long-term rental potential. Currently generating income with an estimated 6% cap rate, this property presents an excellent value-add opportunity for investors seeking to increase cash flow through renovations and rental repositioning. The large R-3 zoned lot may offer future expansion or redevelopment possibilities (buyer to verify). Whether you are seeking a long-term hold, a value-add renovation project, or a future development , this property offers multiple avenues to maximize returns. Ideal for investors, contractors, buyer's that are ready to roll up their sleeves, implement improvements, and unlock the property's full potential.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
2
County Or Parish:
San Diego
Neighborhood Code:
Escondido
Total Building Area:
Switch units of measure0 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
4
Bathrooms:
2
Half Bathrooms:
0
Total Stories:
1
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Home Owner Fees:
$0
Mello Roos Fee:
$0
Mello Roos Fee Frequency:
Year
Terms:
Cash, Conventional
Cap Rate.:
6.0
Gross scheduled income:
44400.0
Operating expense:
0.0
Number of Units:
2
Unit Number for Unit 1:
1
Unit Number for Unit 2:
2
Centre City Parkway, go east on 9th to Orange Avenue, Go North on 8th Avenue, East on 8th and the property is to the right
Site Influences:
Sidewalks
Lot Size:
Switch units of measure7,052 sq. ft.
Parcel Number:
2333710200
Pool Features:
N/K
Assessments:
N/K
Zoning:
Assessor
Listed by Luda Phipps, Broker and Three Coins Realty
Data was last updated June 17, 2026 at 11:10 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 © 2026 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 © 2026 San Diego Multiple Listing Service, Inc.