204 E 2nd Avenue E, Escondido, CA 92025
- $5,300,000
- List Price
- $5,300,000
- Price Change
- ▼ $499,000 1780627398
- Status
- PENDING
- MLS#
- 250029752SD
- Lot Size
- 9,354
- Acres
- 0.21
- Days on Market
- 29
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
We are proud to introduce the Trentom Arms. This 29-unit multi-family property, built in 1925 and renovated in 2021, is located in the Escondido Downtown Specific Plan area, offering a unique blend of historic charm and modern comforts. The property features 17 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 11 studios. The building features a new roof, plumbing, and electrical systems, ensuring functionality and appeal. Units within the property are submetered for electricity. RUBs (Ratio Utility Billing System) have been implemented for electricity, gas, water, and sewer, promoting efficient utility management. With a strong 100% occupancy rate, this property not only stands as a testament to its desirability but also presents a value-add investment opportunity through potential rent increases. It's an ideal choice for investors looking for a property that combines historical significance with contemporary living standards.
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Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Exterior Construction
- Frame, Plaster
- Attached Structure
- Detached
- Number Of Units Total
- 29
- Gross Scheduled Income
- $433,524
- Operating Expense
- 228108
Listing courtesy of Listing Agent: Craig Stewart (cstewart@acrecommercial.com) from Listing Office: Acre Investment Real Estate.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.