1316 E Grand, Escondido CA, 92027

Active

1316 E Grand

Escondido CA, 92027

$8,300,000

$428.65 per sqft

Active

3 Beds

19,363 sqft

Commercial

Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from immediate access to retail, dining, and essential services. Escondido is a rapidly growing submarket within North San Diego County, boasting a strong employment base, top-tier education institutions, and a diverse population. The city offers a competitive rental market with favorable occupancy trends, making Grandview an ideal investment for long-term appreciation and income growth. 1-YEAR "MASTER-LEASE" WITH SELLER Upon transfer of the property, seller will enter into a no-cost one-year management agreement and guarantee rents of $48,000/ monthly to the benefit of the buyer. To be further defined, contact broker for additional information.

250018218

MLSⓇ ID

February 5, 2025

Listed

February 20, 2025

Updated

Interior Features

Total Stories: 3
Bedrooms: 3
Appliances: Dishwasher, Range, Refrigerator, Disposal
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.51 Acres

Other Property Details

Area Name: North County
Days on Market: 2
Garage: No
Parking Total: 22
View: No
County: San Diego
Pool: No

Listed by NorthMarq Multifamily, Erik Anderson,
Listing Contact: 858-395-6935

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Data last updated 8:46 PM UTC, 2/20/2025