Listing provided courtesy of Kire Nastevski of Marcus & Millichap. Last updated 2019-10-30 09:20:40.000000. Listing information © 2020 SANDICOR, Inc.
Asking Price: $8,620,000
345 Park Avenue, Escondido CA 92025
Community: North County
This Com-Res Income property was built in and is priced at $8,620,000. Please see the additional details below.
- 0 Sq Ft
- 1 bathrooms
- 2 bedrooms
- MLS#: 190032975
- Type: Com-Res Income
- Year Built:
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