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Request Info$699,000
Active
351 55 W 8th Ave Overview
- Time on Site:
- 14 days
- Visits:
- 0
Opportunity to acquire two detached 2-bedroom, 1-bath homes with separate utilities situated on a 7,052 sq. ft. R-3 zoned lot in a centrally located Escondido neighborhood. Conveniently located near schools, shopping, restaurants, and major transportation corridors. Each unit offers private yard space, creating strong tenant appeal and long-term rental potential. Currently generating income with an estimated 6% cap rate, this property presents an excellent value-add opportunity for investors seeking to increase cash flow through renovations and rental repositioning. The large R-3 zoned lot may offer future expansion or redevelopment possibilities (buyer to verify). Whether you are seeking a long-term hold, a value-add renovation project, or a future development , this property offers multiple avenues to maximize returns. Ideal for investors, contractors, buyer's that are ready to roll up their sleeves, implement improvements, and unlock the property's full potential.
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351 55 W 8th Ave Facts & Features
- Type Multi-Family
- Sq. ft. 1,431
- Price/Sq.ft. $488
- Lot 0.16 Acres
Details
General
Association/HOA
- Association: No
Income/Expenses
- Gross Income: 44400.0
- Gross Scheduled Income: 44400.0
Building Information
- New Construction: No
- Year Built: 1958
Location/Region
- Country: US
- County Or Parish: San Diego
- MLS Area Major: 92025 - Escondido
- Postal City: ESCONDIDO
Community/Development
- Community Features: Sidewalks
Rent/Lease Information
- Land Lease: No
General Information
- Listing Terms: Cash,Conventional,Submit
- Parcel Number: 2333710200
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
- Zoning: R-3:Restricted Multiple
Interior
Parking Information
- Garage Spaces: 1.0
- Garage: Yes
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Total: 1431.0
- Building Area Units: Square Feet
General Information
- Common Walls: No Common Walls
- Cooling: No
- Entry Level: 1
- Entry Location: 1
- Fireplace: No
- Laundry Features: Inside
- Spa: No
- Stories Total: 1
Exterior
Parking Information
- Open Parking Spaces: 4.0
- Parking Total: 5.0
Lot Information
- Additional Parcels: No
- Lot Features: 2-5 Units/Acre
- Lot Size Acres: 0.1619
- Lot Size Area: 7052.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 7052.0
- Lot Size Units: Square Feet
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 2
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 2
Waterfront/View
- View: No
Building Exterior/Construction
- Property Attached: No
General Information
- Number Of Units Total: 2
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
351 55 W 8th Ave Neighborhood
Community
92025 (Escondido) Demographics
34
Median Age
2,324
Population Density (per sq. mile)
32%
College Educated
$56,866
Estimated Median Income
6,887
Estimated Total Home Owners
9,438
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.351 55 W 8th Ave Monthly Cost
351 55 W 8th Ave Market Data
Based on the last 30 days in this zip code
$862,343
Average List Price
$481
Average Price per Square Foot
21
Properties Sold
73
Average Days on Market
122
Properties for Sale
351 55 W 8th Ave History
| Date | Value | Agent |
|---|---|---|
| 6/15/2026Source: CRMLS | June 15, 2026 |
Listing provided courtesy of Luda Phipps, BrokerLuda Phipps- MLS# PTP2604604
Contact Information: [email protected] - 619-277-5474
Contact Information: [email protected] - 619-277-5474