211 W 13th Ave, Escondido, CA 92025

Property Description

Pleased to present the W. 13th Ave Apartments (the “Property”), a value-add rental community in Escondido, California. The Property is located in North County in the City of San Diego, and bounded by S. Escondido Blvd to the West, W. 11th Ave to the north, S. Maple to the east. The property is situated in an area characterized by quiet residential communities, schools and neighborhood retailers. The Property consists of a garden style setting spread out on two contiguous lots totaling 23,491 square feet (.54 of an acre). Originally constructed in 1963 (APN 236-180-03-00) and 1965 (APN 236-180-04- 00), the current owner made several improvements to select units. The W.13th Ave Apartments consist of 8-units with a total of 6,500 rentable square feet in five, single-story buildings. The Property’s well designed floor plans include six (6) two-bedroom/one-bath units of an estimated 750 square feet each and two (2) three-bedroom/one and one-half baths unit of an estimated 1000 square feet each. Recently re-slurry. Ideally one buyer to acquire both (9) units on 11th Ave and (8) units on 13th Ave in Escondido to accommodate exchange, however not mandatory. Seller to perform an exchange at no additional cost to buyer. A single investor to acquire all three properties is preferred but not a necessity.