Cap Rate
5.13%
$ per SF
$530
Tot. SF
6,400
361 E Washington Ave, Escondido, CA, 92025
361 E Washington Ave$3,395,000
Key Information
Lot Size
0.38 Acres
$ per unit
$212,188
Units
16
Year Built
1974
Type
Apartments
NOI
$174,040
Highlights
- Efficient Studio Unit Mix (16 Units): All studio units provide consistent demand from workforce renters and allow for simplified management.
- Gated Community with Carport Parking: Secure access and dedicated covered parking enhance tenant appeal and create a competitive advantage over nearby properties.
- On-Site Laundry: Offers additional income potential while improving overall tenant convenience and retention.
- Walkable, Infill Location (89 Walk Score)
The property benefits from a highly walkable location with close proximity to retail dining and daily amenities in the surrounding area.
- Located in Central Escondido: Positioned in the heart of Escondido, the asset offers easy access to employment centers, transportation corridors, and neighborhood services.
- Proximity to Major Demand Drivers : The property is located near key institutions and employment hubs including downtown Escondido, Cal State San Marcos, and Palomar College, supporting long term rental demand.
Photos
Location
Agents
H
Hunter PopeLicense # 02239298 (CA)
K
Keegan MulcahyLicense # 362005 (TN)
Broker of Record
David Harrington
License # 02168060, 01320460 (CA)Matthews Real Estate Investment Services, Inc2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245