1108-12 East Ohio Avenue

Escondido, CA 92025

$949,000
Price
4
Beds
2,500 Sq. Ft.
$380 / Sq. Ft.
2,500
Sq. Ft.
$380
per Sq. Ft.

Description

Great Investment Opportunity! Three units - 1 BR/1 BA with a garage, 2BR/1 BA and a 1BR/2 BA with a large attached storage room. Needs some fixing but loads of potential. The adjoining vacant lot creates a country in the city feel as the vacant lot is dressed with green lawns and trees. Keep the lot as a yard or develop into your dream. Currently all units are rented. City zoning is restricted commercial with the new Urban lV/V overlay which permits Single family, Multi-family, Residential Care Facility,...Great Investment Opportunity! Three units - 1 BR/1 BA with a garage, 2BR/1 BA and a 1BR/2 BA with a large attached storage room. Needs some fixing but loads of potential. The adjoining vacant lot creates a country in the city feel as the vacant lot is dressed with green lawns and trees. Keep the lot as a yard or develop into your dream. Currently all units are rented. City zoning is restricted commercial with the new Urban lV/V overlay which permits Single family, Multi-family, Residential Care Facility, Community Gardens and more. Photos are combined to include adjoining vacant lot which must be purchased in conjunction with this lot and triplex.
  1. Listed by Riga Moore • DRE #01017138 • Brokerage DRE #01964777 • Morgan Brown Real Estate, Inc • youdeservemoore@yahoo.com

Property Details for 1108-12 East Ohio Avenue

Parking Spaces Total
1
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2500
Assessor Parcel Number
230-192-13-00
Property Attached YN
true
LISTING UPDATED: 10/02/2024 07:59 AM

Property Details for 1108-12 East Ohio Avenue

StatusActive
MLS #NDP2408056
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.16 AC / 7,128 SF
CountySan Diego County

Building Information for 1108-12 East Ohio Avenue

Stories1Residences-Year Built1958Building Size-Lot Size0.16 AC / 7,128 SF

Property Information for 1108-12 East Ohio Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $48,840
  • Gross Scheduled Income: $48,840
  • Net Operating Income: $23,976
  • Cap Rate: 2.0
Expense Details
  • Operating Expense: $24,864
  • New Taxes Expense: $830
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $93
  • Other Expense: $1,772
  • Trash Expense: $0
  • Water Sewer Expense: $300
  • Total Expenses: $2,995
Tax / Assessment Info
  • Tax Tract Number: 202.02
  • Tax Lot: 28/2
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: Front
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 1
  • Parking: No
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,140
  • Unit Type Total Rent: $1,140
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,180
  • Unit Type Total Rent: $1,180
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 0

Property History for 1108-12 East Ohio Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1108-12 East Ohio Avenue

This home is within Escondido Union School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Central Elementary School
PublicK to 5

Del Dios Middle School
Public6 to 8

Orange Glen High School
Public9 to 12

Classical Academy High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1108-12 East Ohio Avenue is a multi-family home for sale in Escondido, CA 92025. This property was listed for sale on September 7, 2024 by Morgan Brown Real Estate, Inc, it's currently listed at $949,000. This listing's school districts are Escondido Union School District, Escondido Union High School District. Nearby schools include Central Elementary School, Del Dios Middle School and Orange Glen High School. 1108-12 East Ohio Avenue is a 4-bed, 0-bath, 2,500 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Brown Real Estate, Inc, Riga Moore, DRE #01017138

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