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345 E Park Ave
Escondido, CA 92025
Villa Park · Multifamily Property For Sale
·
37 Units
Investment Highlights
- Comprised entirely of two-bedroom/one-bathroom units
- Well maintain and upgraded asset with significant rental upside
- Convenient access to shopping, dining, schools, parks, and major transportation routes throughout North County
- Resident-focused amenities including private balconies, laundry facilities, and private pool area
- Located in the heart of Escondido less than one block away from “Food For Less“ grocery store and countless food and dining options
Executive Summary
We are pleased to present Villa Park, a 37-unit multifamily community located at 345 E. Park Avenue in Escondido, California. Built in 1977, the two-story property features an attractive unit mix comprised entirely of two-bedroom, one-bathroom apartment homes, offering residents spacious layouts within an established residential setting.
Villa Park provides a comfortable living environment enhanced by a variety of desirable community amenities. Residents enjoy private balconies, convenient off-street parking, laundry facilities and a private pool area. Situated in the heart of Escondido, the property benefits from proximity to downtown amenities, local retail, dining destinations, schools, parks, and major transportation corridors. Its central location provides residents with convenient access to employment centers throughout North County while maintaining the neighborhood feel that continues to attract renters to the area.
Villa Park represents the opportunity to acquire a sizeable and stabilized multifamily asset in a growing Southern California submarket. The property's combination of functional apartment layouts, resident-focused amenities, and accessible location positions it to benefit from continued tenant demand.
Villa Park provides a comfortable living environment enhanced by a variety of desirable community amenities. Residents enjoy private balconies, convenient off-street parking, laundry facilities and a private pool area. Situated in the heart of Escondido, the property benefits from proximity to downtown amenities, local retail, dining destinations, schools, parks, and major transportation corridors. Its central location provides residents with convenient access to employment centers throughout North County while maintaining the neighborhood feel that continues to attract renters to the area.
Villa Park represents the opportunity to acquire a sizeable and stabilized multifamily asset in a growing Southern California submarket. The property's combination of functional apartment layouts, resident-focused amenities, and accessible location positions it to benefit from continued tenant demand.
Property Facts
| Price Per Unit | $388,286 CAD | Lot Size | 1.69 AC |
| Sale Type | Investment | Building Size | 27,750 SF |
| Cap Rate | 5.20% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.26 | No. Stories | 2 |
| No. Units | 37 | Year Built | 1977 |
| Property Type | Multifamily | Parking Ratio | 1.48/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-3-18 | ||
| Price Per Unit | $388,286 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 11.26 |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.69 AC |
| Building Size | 27,750 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3-18 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 37 | $2,873 CAD | 750 |
Property Taxes
| Parcel Number | 229-220-40 | Improvements Assessment | $7,581,022 CAD |
| Land Assessment | $5,499,188 CAD | Total Assessment | $13,080,211 CAD |
Property Taxes
Parcel Number
229-220-40
Land Assessment
$5,499,188 CAD
Improvements Assessment
$7,581,022 CAD
Total Assessment
$13,080,211 CAD
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