345 Park Avenue, Escondido, CA 92025

$8,620,000
2
BD
List Price
$8,620,000
Days on Market
129
Status
ACTIVE
MLS#
190032975
Bedrooms
2
City
Escondido
Property Type
Multifamily

Property Description

We have been selected to exclusively market for sale La Serena, a well-maintained 37-unit multifamily property in the city of Escondido, California. Built in 1977, La Serena is located at 345 East Park Avenue and is a true value-add opportunity that is being offered free and clear of debt. La Serena is situated on 1.69 acres and is comprised of 7 one-story and two-story buildings with flat roofs. The unit mix includes 37 two-bedroom/one-bathroom units plus a non-conforming two-bedroom/one-bathroom unit. Property amenities include carports, a community courtyard, a swimming pool and barbeque area, lush landscaping, and an on-site laundry facility. Tenants at La Serena enjoy easy access to retailers and restaurants along Valley Parkway such as Walmart, Vallarta Supermarket, CVS Pharmacy, Home Depot, IHOP, Chipotle and many more. Escondido is located in the northern portion of San Diego County, about 30 miles north of downtown San Diego and 18 miles east of the Pacific Coast. Th

Additional Information

Style
Com-Res Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap

board logo

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,