Listing provided courtesy of Bob Davie of SD Residential Property Mgmt. Last updated 2024-12-17 10:14:27.000000. Listing information © 2024 Sandicor.
Asking Price: $1,013,250 | Pending
904-912 Chestnut Street, Escondido CA 92025
Community: Old Escondido
This Res Income 2-4 Units property was built in 1948 and is priced at $1,013,250. Please see the additional details below.
***PLEASE DO NOT DISTURB THE TENANTS*** Prime 4-Unit Tenant-Occupied Investment Opportunity in Old Escondido. This fully tenant-occupied, turn-key property is a rare gem in the heart of Old Escondido, offering immediate and consistent income from day one. All four units are leased by long-term tenants, generating over $6,000 in monthly rents, with a strong cap rate that makes this an exceptional opportunity for investors seeking stable cash flow and high returns. The property features one 2-bedroom, 1-bath unit, two 1-bedroom, 1-bath units, and a non-conforming studio all with significant rental upside. Additional amenities include three single-car garages, off-street parking, and private and communal outdoor spaces, all enhancing tenant retention and property value. Located on a quiet residential street this property is perfect for investors looking for a hands-off, income-generating asset in one of Escondido’s great neighborhoods. Seize this rare opportunity to own a fully tenant-occupied property with immediate income and long-term value!