CA > Escondido
Escondido, CA 92025,204 E 2nd Avenue
Escondido, CA 92025,204 E 2nd Avenue
Escondido, CA 92025,204 E 2nd Avenue
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$6,300,000
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9,354 Sqft Lot
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204 E 2nd Avenue Escondido, CA 92025

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Martha Barragan

Martha Barragan

+1(619) 500-4046

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250019134

Lot Size 9,354 Sqft

Property Sub-Type Apartment

Property Description

We are proud to introduce the Trenton Arms. This 29-unit multi-family property, built in 1925 and renovated in 2021, is located in the Escondido Downtown Specific Plan area, offering a unique blend of historic charm and modern comforts.   The property features 17 one-bedroom/one-bath units, 1 two bedroom/one-bath unit, and 11 studios.  The building features a new roof, plumbing, and electrical systems, ensuring functionality and appeal. Units within the property are submetered for electricity. RUBs (Ratio Utility Billing System) have been implemented for electricity, gas, water, and sewer, promoting efficient utility management.   With a strong 100% occupancy rate, this property not only stands as a testament to its desirability but also presents a value-add investment opportunity through potential rent increases. It's an ideal choice for investors looking for a property that combines historical significance with contemporary living standards.

Location

State CA

County San Diego

Area Escondido (92025)

Zoning Commercial

Interior

Heating Wall

Cooling Wall/Window

Flooring Tile, Vinyl, Wall to Wall Carpet

Laundry Leased

Exterior

Exterior Feature All Auto Sprinklers, Cable Available, Fully Landscaped

Parking Features Spaces

Roof Type Other/Remarks

Building

Story 2

Lot Size Range .25 Acres or less

Others

Acceptable Financing Cash, Cash to New Loan

Space Rent $386,504

Listing Terms Cash, Cash to New Loan

San Diego Regional MLS (SDMLS)
Listed by Craig Stewart • Acre Investment Real Estate

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agent

Martha Barragan

Agent | License ID: DRE 01358280

+1(619) 500-4046

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204 E 2nd Avenue

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