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Listed by Pat Swanson, Pat Swanson, Listing Contact: 213-864-2862 
2 Beds
2 Baths

$3,575,000

331 Washington, Escondido CA, 92025

Property typeMulti-family

Overview

Active

Listed Jul 24, 2026

Updated 6h ago

This 1988 constructed complex is down the street from Downtown Escondido, and consists of (10) 2 Bedroom Units, plus a non-conforming studio. All units have been recently renovated, providing a low-maintenance investment with immediate cash flow. The property offers a 5.56% current cap rate with upside. Situated in a highly walkable location with a 90 Walk Score, the property is just 0.4 to 0.6 miles from Downtown Escondido's restaurants, retail, and entertainment. The surrounding area boasts an average household income of approximately $103,000, while homeownership costs are approximately double the average apartment rent. Additionally, the property is not subject to local rent control, providing greater operational flexibility for future ownership.

$23,785/mo

Est. mortgage payment based on a $3,575,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
OC26160522

Interior Features

Bedrooms
2
Bathrooms
2
Basement
No

Exterior Features

Lot Size
0.34 Acres

Also listed on CRMLS

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Data last updated 4:02 AM UTC, 9/18/2026

   

 

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