740-750 S Escondido Blvd
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740-750 S Escondido Blvd
4,868 SF 100% Leased Retail Building Escondido, CA 92025 £1,312,608 (£270/SF) 5.65% Net Initial Yield
Investment Highlights
- Mixed-use property: Built in 1953, featuring 5 apartment units and 2 retail units across 6,692 sq. ft.
- Income potential: Immediate opportunities to generate additional revenue from laundry and garage rentals.
- Possible to convert the existing retail into multi-family
- RUBS income: Currently collecting additional revenue through a Ratio Utility Billing System (RUBS).
- ADU potential: Opportunity to convert the two retail units back into apartment units and garages into ADUs for extra income.
- Parking & storage: Includes two two-car garages, a one-car garage, and ample off-street parking.
Executive Summary
Built in 1953, this distinctive 4,868 sq. ft. mixed-use property in Escondido offers a compelling blend of residential and retail spaces on a spacious 14,206 sq. ft. parcel. The property consists of three structures, featuring five apartment units and two retail units, set within a tranquil, single-story garden community. It includes two two-car
garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals.
A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom
residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeals to a diverse tenant base.
garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals.
A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom
residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeals to a diverse tenant base.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£112,770
|
£16.58
|
| Other Income |
£11,169
|
£1.64
|
| Vacancy Loss |
£3,383
|
£0.50
|
| Effective Gross Income |
£120,556
|
£17.73
|
| Taxes |
£14,983
|
£2.20
|
| Operating Expenses |
£31,473
|
£4.63
|
| Total Expenses |
£46,456
|
£6.83
|
| Net Operating Income |
£74,100
|
£10.90
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £112,770 |
| Annual Per SF | £16.58 |
| Other Income | |
|---|---|
| Annual | £11,169 |
| Annual Per SF | £1.64 |
| Vacancy Loss | |
|---|---|
| Annual | £3,383 |
| Annual Per SF | £0.50 |
| Effective Gross Income | |
|---|---|
| Annual | £120,556 |
| Annual Per SF | £17.73 |
| Taxes | |
|---|---|
| Annual | £14,983 |
| Annual Per SF | £2.20 |
| Operating Expenses | |
|---|---|
| Annual | £31,473 |
| Annual Per SF | £4.63 |
| Total Expenses | |
|---|---|
| Annual | £46,456 |
| Annual Per SF | £6.83 |
| Net Operating Income | |
|---|---|
| Annual | £74,100 |
| Annual Per SF | £10.90 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,868 SF
Building Class
C
Year Built
1953
Price
£1,312,608
Price Per SF
£270
Net Initial Yield
5.65%
NOI
£74,162
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Zoning
CG, Escondido - Commercial
Parking
5 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
121 ft on Escondido Blvd
Amenities
- Courtyard
- Signage
- Wheelchair Accessible
Walk Score ®
Very Walkable (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £1,161,916 | |
| Land Assessment | £925,152 | Annual Taxes | £14,983 (£3.08/sf) |
| Improvements Assessment | £236,763 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£925,152
Improvements Assessment
£236,763
Total Assessment
£1,161,916
Annual Taxes
£14,983 (£3.08/sf)
Tax Year
2024
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740-750 S Escondido Blvd
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