125 W Mission Ave, Escondido, CA 92025

125 W Mission Ave $1,995,000

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    125 W Mission Ave Escondido, CA 92025

    Closed
    SOLD 8/1/2019

    $1,995,000

    Market Estimate
    • Commercial Lease
    • MLS# 180065736
    Favorite Share
    Views: 14 Days On Market: 127

    Property Details

    16 Unit Office Building in the Opportunity Zone Area. Ideal for long term investors and 1031 Exchange. Current sellers have not raised rents for a long time and have included all utilities in the low price per sq ft. Property has potential to increase income with value add (remodeling and net leases to increase value). Most of current tenants have been long term. All leases are now month to month so will have few issues for new investor to modify lease. Price includes adjacent lot approx. 8000 sq ft (229-180-61-00). Total sq ft for both lots=almost 1 acre. Extra lot is currently used as additional parking- may be buildable but buyer to do own and full due diligence.

    Neighborhood

    92025 (Escondido) Demographics

    32 Median Age
    2,438 Population Density (per sq. mile)
    30% College Educated
    $50,774 Estimated Median Income
    6,114 Estimated Total Home Owners
    9,070 Estimated Total Renters
    40% / 60% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    53,742 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $510,000 Median Sales Price
    29 Homes Sold
    42 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        8/1/2019 12:00:00 AM Sold Source New Value: $1,995,000

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        Based on information from California Regional Multiple Listing Service, Inc. as of 1/25/2020 5:49:43 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.