222 West 8th Avenue

Escondido, CA 92025

$1,075,000
Price
3
Beds
2,654 Sq. Ft.
$405 / Sq. Ft.
2,654
Sq. Ft.
$405
per Sq. Ft.

Description

$25,000 towards buyers' concessions Charming Home with Income Producing ADU Located in the heart of Escondido, this exceptional property offers a rare combination of comfortable living and outstanding income potential. Conveniently positioned near Old Town Escondido and downtown, this versatile property features a large main home with 3-bedrooms, 2.75-bathrooms with a spacious yard and a newer roof, perfect for enjoying Southern California’s outdoor lifestyle. Behind the main house, you'll find a...$25,000 towards buyers' concessions Charming Home with Income Producing ADU Located in the heart of Escondido, this exceptional property offers a rare combination of comfortable living and outstanding income potential. Conveniently positioned near Old Town Escondido and downtown, this versatile property features a large main home with 3-bedrooms, 2.75-bathrooms with a spacious yard and a newer roof, perfect for enjoying Southern California’s outdoor lifestyle. Behind the main house, you'll find a stunning ADU (Accessory Dwelling Unit) that’s ready for tenants or multigenerational living. This thoughtfully designed ADU offers 2 bedrooms, 2 bathrooms, a modern multi-split AC system for maximum comfort, washer and dryer connections, and its own private courtyard for relaxation. Additionally, the ADU is completely independent with its own electric meter and address, providing excellent privacy. For those looking to invest, the ADU can be rented out for at least $2,750 per month, while the main home has the potential to bring in over $4,000 per month. Whether you're seeking a multi-family living arrangement or a valuable rental property, this opportunity in Escondido is a must-see!
  1. Listed by Efrain Chacon • DRE #02009812 • Brokerage DRE #02022092 • Real Broker
  2. Listed by Daniel Hernandez • DRE #02069350 • Brokerage DRE #02022092 • Real Broker

Property Details for 222 West 8th Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
2654
Assessor Parcel Number
233-362-08-00
Property Attached YN
false
LISTING UPDATED: 10/18/2024 04:53 AM

Property Details for 222 West 8th Avenue

StatusActive
MLS #NDP2409316
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.16 AC / 7,095 SF
CountySan Diego County

Building Information for 222 West 8th Avenue

Stories1Residences-Year Built1952Building Size-Lot Size0.16 AC / 7,095 SF

Property Information for 222 West 8th Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $7,200
  • Gross Scheduled Income: $84,000
  • Net Operating Income: $72,000
  • Cap Rate: 7.26
Expense Details
  • Operating Expense: $12,000
  • New Taxes Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 0
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: Front and Alley
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,250
  • Unit Type Total Rent: $4,250
  • Unit Type Pro Forma: 3679
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2
  • Number Wall AC: 0

Property History for 222 West 8th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 222 West 8th Avenue

Taxable ValueLand$119,688Additions$406,427Total$526,115
Tax Record2020$6,031 ($503 / month)
Home Facts
Total Finished SqFt1,802 SqFtAbove Grade Finished SqFt1,802 SqFtStyleDuplexYear Built1952Year Renovated1952ZoningR1CountySAN DIEGOAPN2333620800

Schools near 222 West 8th 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
Juniper Elementary School
PublicK to 5

Bear Valley Middle School
Public6 to 8

San Pasqual 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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222 West 8th Avenue is a multi-family home for sale in Escondido, CA 92025. This property was listed for sale on August 22, 2024 by Real Broker, it's currently listed at $1,075,000. It has been on the market for a total of 4 days and was last sold on May 14, 2019. This listing's school districts are Escondido Union School District, Escondido Union High School District. Nearby schools include Juniper Elementary School, Bear Valley Middle School and San Pasqual High School. 222 West 8th Avenue is a 3-bed, 0-bath, 2,654 sqft multi-family home built in 1952.

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Listing Courtesy of Real Broker, Efrain Chacon, DRE #02009812; Real Broker, Daniel Hernandez, DRE #02069350

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