22
See all 22 photos
$6,300,000
Est. payment /mo
9,352 Sqft Lot
New
204 E 2nd Avenue E Escondido, CA 92025
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UPDATED:
02/17/2025 06:18 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250019134SD
HOA Y/N No
Lot Size 9,352 Sqft
Property Sub-Type Mixed Use
Property Description
We are proud to introduce the Trenton Arms. This 29-unit multi-family property, built in 1925 and renovated in 2021, is located in the Escondido Downtown Specific Plan area, offering a unique blend of historic charm and modern comforts. The property features 17 one-bedroom/one-bath units, 1 two bedroom/one-bath unit, and 11 studios. The building features a new roof, plumbing, and electrical systems, ensuring functionality and appeal. Units within the property are submetered for electricity. RUBs (Ratio Utility Billing System) have been implemented for electricity, gas, water, and sewer, promoting efficient utility management. With a strong 100% occupancy rate, this property not only stands as a testament to its desirability but also presents a value-add investment opportunity through potential rent increases. It's an ideal choice for investors looking for a property that combines historical significance with contemporary living standards.
Location
State CA
County San Diego
Area 92025 - Escondido
Zoning Commercial
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Others
Tax ID 2330822300
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Craig Stewart • Acre Investment Real Estate