345 E Park Avenue, Escondido, 92025

Commercial - Com-Res Income For Sale

$8,620,000

Beds
Baths
Sqft
Built
123DOM
MLS® #: 190032975
ACTIVE, 123 Days on Market

We have been selected to exclusively market for sale La Serena, a well-maintained 37-unit multifamily property in the city of Escondido, California. Built in 1977, La Serena is located at 345 East Park Avenue and is a true value-add opportunity that is being offered free and clear of debt. La Serena is situated on 1.69 acres and is comprised of 7 one-story and two-story buildings with flat roofs. The unit mix includes 37 two-bedroom/one-bathroom units plus a non-conforming two-bedroom/one-bathroom unit. Property amenities include carports, a community courtyard, a swimming pool and barbeque area, lush landscaping, and an on-site laundry facility. Tenants at La Serena enjoy easy access to retailers and restaurants along Valley Parkway such as Walmart, Vallarta Supermarket, CVS Pharmacy, Home Depot, IHOP, Chipotle and many more. Escondido is located in the northern portion of San Diego County, about 30 miles north of downtown San Diego and 18 miles east of the Pacific Coast. Th

Essential Information

MLS® #: 190032975
Price: $8,620,000
Acres: 0.00
Type: Commercial
Sub-Type: Com-Res Income
Status: ACTIVE

Community Information

Address: 345 E Park Avenue
Area: ESCONDIDO (92025)
City: Escondido
County: San Diego
State: CA
Zip Code: 92025

Additional Information

Date Listed: June 14th, 2019
Days on Market: 123

Listing Details

Listing Office: Marcus & Millichap

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Listing information last updated on October 16th, 2019 at 9:32am PDT.