719 21 E 2nd Ave, Escondido, CA 92025

Property Description

Rare investment opportunity in the heart of Escondido! 719-721 E 2nd Ave is a well-maintained duplex offering both immediate rental income and future value-add potential. Located just minutes from downtown Escondido, this property is perfect for investors, house hackers, or multi-generational living. The front unit is a charming mid-century, single-level home featuring 3 bedrooms and 2 bathrooms. It boasts fresh interior paint, a newer roof, a private yard, and a detached 1-car garage. This unit is move-in ready, making it an ideal opportunity for an owner-occupant or new tenants. The back unit is a spacious, two-story townhome-style home built in the 1980s with 2 bedrooms and 1.5 bathrooms. It is currently rented for $2,300/month with long-term tenants who would love to stay. This unit also includes one garage space and additional alley parking. A unique bonus is the detached 2-car garage, which presents a fantastic future development opportunity. Convert it into an Accessory Dwelling Unit (ADU) to add a third rental unit for additional passive income and increased property value. Located in a prime Escondido location, this property offers quick access to downtown, where you’ll find restaurants, breweries, coffee shops, and local entertainment. The home is also near parks, schools, and major freeways (I-15 & Hwy 78) for easy commuting. Offered at $999,000, this is a fantastic investment opportunity to own a duplex in a growing market. Whether you're looking to cash flow immediately, offset your mortgage with rental income, or create multi-generational living arrangements, this property has endless potential!