938 N Fig

Escondido, CA 92026

$7,900,000

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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.

Listing Information

Close Price $7,900,000
Close Date Wednesday, September 25th, 2024
Status Closed
MLS 240007524SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size N/A
Structure Size N/A
DOM 145
Courtesy Of David Santistevan
Listing Agent Corey McHenry DRE#01800485

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Corey McHenry, David Santistevan . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 11th, 2024 at 4:06 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.