Listing provided courtesy of Pat Swanson of Pat Swanson. Last updated . Listing information © 2026 Sandicor.
Asking Price: $3,699,000
331 Washington, Escondido CA 92025
Community:
This ResidentialIncome property was built in and is priced at $3,699,000. Please see the additional details below.
This 1988 constructed complex is down the street from Downtown Escondido, and consists of (10) 2 Bedroom Units, plus a non-conforming studio. All units have been recently renovated, providing a low-maintenance investment with immediate cash flow. The property offers a 5.31% current cap rate with upside. Situated in a highly walkable location with a 90 Walk Score, the property is just 0.4 to 0.6 miles from Downtown Escondido's restaurants, retail, and entertainment. The surrounding area boasts an average household income of approximately $103,000, while homeownership costs are approximately double the average apartment rent. Additionally, the property is not subject to local rent control, providing greater operational flexibility for future ownership.
