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Bali Apartments 1015 E Ohio Ave 15 Unit Apartment Building $5,262,512 CAD ($350,834 CAD/Unit) 5.05% Cap Rate Escondido, CA 92025
Investment Highlights
- Fully Renovated Units with Luxury Finishes
- Abundant Parking with 22 Spaces – 14 are Covered Spaces
- All Electrical Subpanels Replaced in 2021
- Great Central Escondido Location Near Major Shopping Centers and Old Town
- Full Roof Replacement in 2023
- Nearby 78 Freeway for Immediate Access to Surrounding Areas
Executive Summary
CBRE is pleased to present the Bali Apartments, a fully renovated 15-unit apartment building located in the heart of Escondido in North County San Diego.
The property features all 1 bed 1 bath units of approximately 630 square feet and abundant parking with 22 surface spaces, 14 of which are covered. Each unit has modern finishes including fully renovated kitchens and bathrooms along with new flooring, fixtures and dual pane vinyl windows. Kitchens feature countertop seating, stainless appliances, luxury gas ranges and floating vent hoods. Each unit also has an air conditioning unit.
Major recent improvements include a full roof replacement in 2023 and new electrical panels in all units in 2021.
With a Walk Score of 85, the property is close to everything Escondido has to offer. Escondido Village Shopping center is only a short 5-minute walk from the property with major retailers including Walmart, Albertsons, Chase Bank, Starbucks, Home Depot, Planet Fitness Gym and Vallarta Supermarket. Historic Downtown Escondido is also nearby with numerous retail stores, restaurants, museums and walking trails.
The property features all 1 bed 1 bath units of approximately 630 square feet and abundant parking with 22 surface spaces, 14 of which are covered. Each unit has modern finishes including fully renovated kitchens and bathrooms along with new flooring, fixtures and dual pane vinyl windows. Kitchens feature countertop seating, stainless appliances, luxury gas ranges and floating vent hoods. Each unit also has an air conditioning unit.
Major recent improvements include a full roof replacement in 2023 and new electrical panels in all units in 2021.
With a Walk Score of 85, the property is close to everything Escondido has to offer. Escondido Village Shopping center is only a short 5-minute walk from the property with major retailers including Walmart, Albertsons, Chase Bank, Starbucks, Home Depot, Planet Fitness Gym and Vallarta Supermarket. Historic Downtown Escondido is also nearby with numerous retail stores, restaurants, museums and walking trails.
Property Facts
| Price | $5,262,512 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $350,834 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.05% | Building Size | 9,472 SF |
| Gross Rent Multiplier | 11.47 | No. Stories | 2 |
| No. Units | 15 | Year Built/Renovated | 1969/2019 |
| Property Type | Multifamily | Parking Ratio | 2.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RH, Escondido | ||
| Price | $5,262,512 CAD |
| Price Per Unit | $350,834 CAD |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 11.47 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 9,472 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2019 |
| Parking Ratio | 2.32/1,000 SF |
| Zoning | RH, Escondido |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $2,519 CAD | 630 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 230-201-18 | Improvements Assessment | $3,790,094 CAD |
| Land Assessment | $1,265,845 CAD | Total Assessment | $5,055,939 CAD |
Property Taxes
Parcel Number
230-201-18
Land Assessment
$1,265,845 CAD
Improvements Assessment
$3,790,094 CAD
Total Assessment
$5,055,939 CAD
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Bali Apartments | 1015 E Ohio Ave
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