22
See all 22 photos
$6,300,000
Est. payment /mo
9,354 Sqft Lot
Active
204 E 2nd Avenue Escondido, CA 92025
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UPDATED:
02/20/2025 07:00 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250019134
Lot Size 9,354 Sqft
Property Sub-Type Apartment
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 Escondido (92025)
Zoning Commercial
Interior
Heating Wall
Cooling Wall/Window
Flooring Tile, Vinyl, Wall to Wall Carpet
Laundry Leased
Exterior
Exterior Feature All Auto Sprinklers, Cable Available, Fully Landscaped
Parking Features Spaces
Roof Type Other/Remarks
Building
Story 2
Lot Size Range .25 Acres or less
Others
Acceptable Financing Cash, Cash to New Loan
Space Rent $386,504
Listing Terms Cash, Cash to New Loan
Listed by Craig Stewart • Acre Investment Real Estate
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