WASHINGTON APARTMENTS
318 EAST WASHINGTON AVE | ESCONDIDO, CA
HIGHLIGHTS
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Six-unit garden style apartment complex
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Built 1975 the project sits on 0.29 acres.
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Roof is pitched and built with composition shingle.
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Five of the six units have upgraded interiors with new flooring and countertops.
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Features covered parking spaces, yard, and onsite laundry.
PROPERTY INFO
Property Type: Multi-Family
Status: For Sale
Building Size (Total GLA): 4,320 SF
Lot Size: 12,449 SF
iNVESTMENT PRICING
Price: $1,550,000
Cap Rate Current: 4.88%
Cap Rate Pro Forma: 5.25%
GRM Current: 12.80
GRM Pro Forma: 12.21
Price Per Unit: $258,333
Price Per Square Foot: $358.80
LEASE DETAILS
Units: 6
Unit Mix: 6 - 2 Bed / 1 Bath
Lease Type: Fee Simple
Occupancy: 100%