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136 E 5th Ave 136 E 5th Ave

3 Unit Block of Flats £852,088 (£284,029/Unit) 5.20% Net Initial Yield Escondido, CA 92025

Investment Highlights

  • Spacious 3-bedroom, 2-bathroom unit, ideal for families or larger households, along with two studio units
  • The expansive yard space provides endless possibilities for outdoor enjoyment, gardening, or even potential future enhancements
  • Renovated in 2024, all units boast updated finishes and are currently achieving market-level rents

Executive Summary

Discover an exceptional investment opportunity in the heart of Escondido, California! This fully renovated three-unit property offers a perfect blend of modern convenience, excellent rental income, and abundant outdoor space, making it a standout choice for investors or owner-occupants alike. The property features a spacious 3-bedroom, 2-bathroom unit, ideal for families or larger households, along with two studio units that cater perfectly to singles or couples. Renovated in 2024, all units boast updated finishes and are currently achieving market-level rents. The expansive yard space provides endless possibilities for outdoor enjoyment, gardening, or even potential future enhancements. With its modern upgrades and versatile living arrangements, this property is truly a rare find in Escondido.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £64,787 £32.25
Other Income - -
Vacancy Loss £1,944 £0.97
Effective Gross Income £62,843 £31.28
Taxes - -
Operating Expenses £18,578 £9.25
Total Expenses £18,578 £9.25
Net Operating Income £44,266 £22.03

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £64,787
Annual Per SF £32.25
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £1,944
Annual Per SF £0.97
Effective Gross Income
Annual £62,843
Annual Per SF £31.28
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual £18,578
Annual Per SF £9.25
Total Expenses
Annual £18,578
Annual Per SF £9.25
Net Operating Income
Annual £44,266
Annual Per SF £22.03

Property Facts

Price £852,088
Price Per Unit £284,029
Sale Type Investment
Net Initial Yield 5.20%
Gross Rent Multiplier 13.5
No. Units 3
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.17 AC
Building Size 2,009 SF
Number of Floors 1
Year Built/Renovated 1945/2024
Parking Ratio 1.99/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 2 £1,487 324 - 405
3+2 1 £2,817 1,280
Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
233-172-11
Land Assessment
£131,283
Improvements Assessment
£114,161
Total Assessment
£245,444
Annual Taxes
£0 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code R-4 Multiple Residential
R-4 Multiple Residential
  • Listing ID: 34152937

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 136 E 5th Ave, Escondido, CA 92025

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