2222 Bear Valley Parkway

Escondido, CA 92027

$1,799,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

calendar_month Built

Property Description

Easy cash flow opportunity in East Escondido. The Cambria Townhomes is a 5 unit apartment building that has been 80%(4 of the 5) renovated by the current ownership. Upgrades include but are not limited to quartz countertops in kitchens and baths as well as new cabinets, in unit washers and dryers, luxury vinyl plank flooring, dual pane vinyl windows, new exterior fencing for the back of the units, upgraded appliances and fixtures. Built in 1973, the property has spacious units with 3 of the 5 units townhouse style and the remaining 2 being flats. There is a direct entrance from the parking area into each unit for resident's convenience. The 5th unit was remodeled in 2018. Current ownership replaced the roof and fascia of the building in December 2023 and at the same time replaced the roof of the carports. There are RUBS in place that generate an additional $300 monthly offsetting the water, sewer, and trash expense. Walking distance to Orange Glen High School, this property is a cash cow with upside by completing the renovation of the 5th unit and raising rents over time knowing that there will be little ongoing maintenance due to the renovations. There are no balconies so no issues with SB 721.

Listing Information

List Price $1,799,000
Status Active
MLS 250020076SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 15,721
Structure Size N/A
Courtesy Of South Coast Commercial, Inc.
Listing Agent Gary Kaufman DRE#01816761

Interior Features

Total Bedroom
Bedrooms N/A

Maps

home_work Nearby Properties

Listing information courtesy of: Gary Kaufman, South Coast Commercial, Inc. 619-226-6011. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 28th, 2025 at 4:41 AM 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.