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401-407 Idaho Ave 4 Unit Apartment Building $2,272,547 CAD ($568,137 CAD/Unit) 5.40% Cap Rate Escondido, CA 92025
Investment Highlights
- 5.4% In-Place Cap Rate - 12.4 GRM
- Three Detached Structures on an Oversized 0.7 Acre Lot
- Ample Parking, Garages, and Storage Space
- Low Maintenance Asset, Turnkey Condition
- Private Yards & Balconies, Single Family Residence Feel for Tenants
- Ability to Build ADU's or Complete Lot Split
Executive Summary
401-07 Idaho Ave is a turnkey 4-unit multifamily asset sitting on a rare 0.7-acre lot in one of San Diego’s most resilient and sought-after North County rental submarkets. The property features a highly desirable unit mix consisting of (1) 3-bed / 2-bath, (1) 3-bed / 1-bath, (1) 2-bed / 1-bath, and a (1) 1-bed / 1-bath. Each unit is outfitted with premium finishes, new stainless steel appliances, and in-unit washer/dryers, designed to appeal to high-quality tenants and command top-of-market rents. The asset is further enhanced with upgraded electrical, new roofs, and plumbing, dramatically minimizing long-term risk and capex making this a secure long-term investment. Positioned in a high-demand, high-rent-growth corridor, 401-07 Idaho Ave offers investors an upgraded, low-maintenance property with exceptional design, modern construction quality, and strong in-place income. With continued appreciation potential and minimal capital improvement needs, this is a rare opportunity to acquire a stabilized asset in a core San Diego location.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,272,547 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $568,137 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Cap Rate | 5.40% | Building Size | 4,213 SF |
| Gross Rent Multiplier | 12.4 | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2026 |
| Property Subtype | Apartment | Parking Ratio | 2.85/1,000 SF |
| Zoning | R-1-6 | ||
| Price | $2,272,547 CAD |
| Price Per Unit | $568,137 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 12.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 4,213 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2026 |
| Parking Ratio | 2.85/1,000 SF |
| Zoning | R-1-6 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Double Vanities
- Kitchen
- Refrigerator
- Oven
- Range
- Double Pane Windows
- Family Room
- Patio
- Large Bedrooms
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,264 CAD | 1,200 |
| 3+1 | 1 | $3,979 CAD | 1,100 |
| 2+1 | 1 | $3,830 CAD | 1,000 |
| 1+1 | 1 | $2,835 CAD | 600 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 234-390-68 | Improvements Assessment | $226,233 CAD |
| Land Assessment | $1,131,165 CAD | Total Assessment | $1,357,398 CAD |
Property Taxes
Parcel Number
234-390-68
Land Assessment
$1,131,165 CAD
Improvements Assessment
$226,233 CAD
Total Assessment
$1,357,398 CAD
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401-407 Idaho Ave
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