224 W 8th Ave, Escondido, CA 92025
List Price: $950K
Listing Status: Active
Original List Price: $1.2M
0Days on Market: 63
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1952
MLS Number: 260004925SD
About This Property
Income-Producing Duplex with Triplex Layout – 6.84% Cap at $1M Rare opportunity to acquire a cash-flowing property in central Escondido with a versatile 3-unit configuration. Technically a duplex, the property functions as a triplex: the front unit (222) is a spacious 3BD/2.5BA, while the rear structure (224) is divided into two fully independent 1BD/1BA units—each with its own kitchen and full bath. Current total rental income is $6,950/month ($83,400 annually). Projected cap rates: 6.84% at $1,000,000 | 6.21% at $1,100,000 | 5.70% at $1,200,000. Each unit is separately metered for SDG&E, with tenants paying their own gas and electric. Owner expenses are minimal, averaging approximately $500/month in total for water/trash for both units, and $500/month for professional property management of both units. Strong in-place income, flexible layout, and solid cap rate potential make this an excellent opportunity for investors seeking immediate cash flow in a high-demand rental market.
Listing provided by: Taylor Ryan DRE #02350805 424-207-6002 tryan@sundae.com, Sundae Funding, Inc.
Source: CRMLS, MLS #: 260004925SD
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.