$7,900,000
$7,995,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/25/2024
Key Details
Sold Price $7,900,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240007524SD
Sold Date 09/25/24
HOA Y/N No
Property Description
938 North Fig is an extensively renovated 14 Unit, 100% 3BR/2.5BA Townhome project with attached garages & private yards/patios located in Escondido, CA – North County San Diego. The property was originally built in 1991 and boasts large floorplans, central AC & Heat, large back patios, pitched tile roofs, concrete driveway and low maintenance landscaping. The property has undergone recent comprehensive upgrades and is fully rented and stabilized with attractive current and market cap rates. Extensively Renovated in 2022 & 2023. Newer 1991 Construction. Large Townhomes. Priced $163k/unit below median for sale 3BR homes/townhomes/condos (+/- 1,440 SF Avg) within 0.5 miles of the property. All new full size in-unit washer/dryers 100% large 2-story 3BR units | Less than 6% of all rental stock in San Diego County are 3BR’s. Attached 1 & 2-car garages & Private yards / patios. 2.2% vacancy rate for 3BR's in city of Escondido. Please contact listing agent for details and Offering Memorandum.
Location
State CA
County San Diego
Area 92026 - Escondido
Interior
Fireplace No
Exterior
Total Parking Spaces 16
Others
Tax ID 23001085; 23001086
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Bought with Corey McHenry • David Santistevan