For more information regarding the value of a property, please contact us for a free consultation.
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
Bedrooms 2
Full Baths 2
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
Laundry None
Exterior
Parking Features Driveway, Gravel, Other
Fence Fair Condition, Wire
Pool None
View Y/N No
Roof Type Asphalt,Shingle
Building
Story 1
Sewer Unknown
New Construction No
Others
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Vikram Boregowda • Sterling Nests