$1,650,000
$100K PRICE DROP

Estimated payment $9,299/month

Total Views 13,006
0.62 Acre
$2,661,290 Price per Acre
27,007 Sq Ft Lot

Highlights

  • 0.62 Acre Lot
  • No HOA
  • Neighborhood Views

About This Lot

Prime Multi-Family Development Opportunity in the Heart of Escondido, CA Entitled 15-Unit Multi-Family Project | Zoned R-3-18 | High-Demand Rental Market. (Potential for Density Bonus & Incentives – Verify with City of Escondido)This 15-unit multi-family project is fully entitled and located just two blocks from premier shopping, dining, and major transportation corridors, offering developers a highly desirable location with strong rental demand. 15 Spacious Residential Units, (14) Three-Bedroom, Two-Bathroom Units and (1) Two-Bedroom, 2.5-Bathroom Unit. Average Unit Size: 1,365 Sq. Ft, Total Net Rentable Area: 20,482 Sq. Ft. Entitlements & Development Progress: Over $350,000 invested in soft costs, entitlements, and permit fees, Class D wood-frame construction over a concrete first floor and approved for 3 stories with a maximum height of 35 feet. Nestled in North San Diego County, Escondido, California, is a thriving and dynamic community known for its affordable housing, vibrant arts scene, and outstanding quality of life. Conveniently situated along the I-15 corridor, Escondido provides direct access to downtown San Diego (30 miles south) and is a gateway to some of Southern California’s most sought-after recreational destinations. Growing Demand: Escondido’s rental market is strong and stable, driven by a mix of families, professionals, and retirees seeking larger, more affordable housing options compared to coastal cities. Economic Growth & Infrastructure: Escondido is undergoing significant revitalization efforts, including improvements to its historic downtown district, increased investment in mixed-use developments, and transit-oriented projects that enhance long-term property value. This is a turnkey development opportunity in one of San Diego County’s most promising multi-family markets.

Listing Agent

Jeff Kane

Coldwell Banker West License #01915649 Listed on: 02/10/2025

Coldwell Banker West

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,532

Lot Details

  • 0.62 Acre Lot
  • Value in Land
  • Property is zoned R-3 Restricted Multiple

Additional Features

  • Neighborhood Views
  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2300415300

Property Details

Property Type

Land

Est. Annual Taxes

$4,532

Lot Details

0

Listing Details

  • Assessments: No
  • View: Yes
  • Zoning: R-3 Restricted Multiple
  • Property Type: Land
  • Parcel Number: 2300415300
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 61.10

Exterior Features

  • View: Neighborhood
  • Fence: No

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft, Value In Land
  • Lot Size Sq Ft: 27007.00
  • Lot Size Acres: 0.6200

Multi Family

  • Lot Size Area: 27007.0000 Square Feet

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,532 $402,611 $310,064 $92,547
2024 $4,532 $394,718 $303,985 $90,733
2023 $4,429 $386,979 $298,025 $88,954
2022 $4,382 $379,392 $292,182 $87,210
2021 $4,311 $371,953 $286,453 $85,500
2020 $4,286 $368,140 $283,516 $84,624
2019 $4,183 $360,922 $277,957 $82,965
2018 $4,068 $353,846 $272,507 $81,339
2017 $4,002 $346,909 $267,164 $79,745
2016 $3,925 $340,108 $261,926 $78,182
2015 $3,174 $272,685 $210,002 $62,683
2014 $3,043 $267,345 $205,889 $61,456
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Price Changed $1,650,000 -5.7% --
02/10/2025 02/10/25 For Sale $1,750,000 +422.2% --
04/01/2015 04/01/15 Sold $335,150 -32.3% $248 / Sq Ft
02/13/2015 02/13/15 Pending -- -- --
08/08/2014 08/08/14 For Sale $495,000 -- $366 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Grant Deed $335,500 Chicago Title Company
Grant Deed $217,500 Lawyers Title
Deed $210,000 --
Deed $195,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $346,750 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2501314

California Regional Multiple Listing Service (CRMLS)

APN: 230-041-53