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Waverly Place Apartments 411 Waverly Pl 14 Unit Apartment Building $1,260,945 CAD ($90,067 CAD/Unit) 7% Cap Rate Escondido, CA 92025

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Investment Highlights

Qualified Opportunity Zone ( 1.0 & 2.0 Eligible )
Highly Desired Development Area by Escondido Planning Dept

Flag Lot with Natural Open Space Boundary via Adjacent Escondido
Low Operating Cost Strategy available for Developer/Owner/User

Executive Summary

Prime central Escondido development site in a qualified opportunity zone ( version 2.0 eligible ) with conceptual building plans for 6-14 units. Preliminary conversations between architect and Escondido planning dept provide a promising landscape for approval to build a high density multifamily project.
Existing SFR is occupied by long term tenants ( month to month ) DO NOT DISTURB OCCUPANTS . Call Brokers to schedule site tour. Interior of house to be shown with accepted offer.

PLOTTED EASEMENTS WAVERLY

Prelim Concept Plans (6 units)

Prelim concept plans 3 story (9 units)

Prelim Concept Plans 14 Units

Offering-Memorandum WAVERLY

Financial Summary (Pro Forma - 2027)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$559,187	$63.04
Other Income	-	-
Vacancy Loss	$16,776	$1.89
Effective Gross Income	$542,411	$61.14
Taxes	$61,646	$6.95
Operating Expenses	$87,589	$9.87
Total Expenses	$149,236	$16.82
Net Operating Income	$393,175	$44.32

Financial Summary (Pro Forma - 2027)

Gross Rental Income (CAD)
Annual	$559,187
Annual Per SF	$63.04

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	$16,776
Annual Per SF	$1.89

Effective Gross Income (CAD)
Annual	$542,411
Annual Per SF	$61.14

Taxes (CAD)
Annual	$61,646
Annual Per SF	$6.95

Operating Expenses (CAD)
Annual	$87,589
Annual Per SF	$9.87

Total Expenses (CAD)
Annual	$149,236
Annual Per SF	$16.82

Net Operating Income (CAD)
Annual	$393,175
Annual Per SF	$44.32

Property Facts

Price	$1,260,945 CAD	Apartment Style	Low-Rise
Price Per Unit	$90,067 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.21 AC
Cap Rate	7%	Construction Status	Proposed
Sale Condition	Redevelopment Project	Building Size	8,871 SF
No. Units	14	No. Stories	3
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment Multifamily Apartments Multifamily Manufactured Housing Mobile Home Park
Zoning	SP - Specific Plan - Multifamily Desired infill area within core central Escondido ( downtown adjacent )

Price	$1,260,945 CAD
Price Per Unit	$90,067 CAD
Sale Type	Investment
Cap Rate	7%
Sale Condition	Redevelopment Project
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments Multifamily Manufactured Housing Mobile Home Park
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.21 AC
Construction Status	Proposed
Building Size	8,871 SF
No. Stories	3
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	SP - Specific Plan - Multifamily Desired infill area within core central Escondido ( downtown adjacent )