664 N Fig St, Escondido, CA 92025

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Kevin Silverstein

[email protected] +1(619) 203-7041

$1,450,000

Est. payment - /mo

0.62 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2501314

Lot Size 0.620 Acres

Property Sub-Type Lots/Land

Property Description

Major Price Improvement! Prime Multi-Family Development Opportunity in the Heart of Escondido, CA Entitled 15-Unit Multi-Family Project | Zoned R-3-18 | High-Demand Rental Market. (Potential for Density Bonus & Incentives Verify with City of Escondido)This 15-unit multi-family project is fully entitled and located just two blocks from premier shopping, dining, and major transportation corridors, offering developers a highly desirable location with strong rental demand. 15 Spacious Residential Units, (14) Three-Bedroom, Two-Bathroom Units and (1) Two-Bedroom, 2.5-Bathroom Unit. Average Unit Size: 1,365 Sq. Ft, Total Net Rentable Area: 20,482 Sq. Ft. Entitlements & Development Progress: Over $350,000 invested in soft costs, entitlements, and permit fees, Class D wood-frame construction over a concrete first floor and approved for 3 stories with a maximum height of 35 feet. Nestled in North San Diego County, Escondido, California, is a thriving and dynamic community known for its affordable housing, vibrant arts scene, and outstanding quality of life. Conveniently situated along the I-15 corridor, Escondido provides direct access to downtown San Diego (30 miles south) and is a gateway to some of Southern Californias most sought-after recreational destinations. Growing Demand: Escondidos rental market is strong and stable, driven by a mix of families, professionals, and retirees seeking larger, more affordable housing options compared to coastal cities. Economic Growth & Infrastructure: Escondido is undergoing significant revitalization efforts, including improvements to its h

Location

State CA

County San Diego

Direction Take 78 freeway into Escondido. R on north Broadway, L on E Mission, R on North Fig st.

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 2300415300

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Jeff Kane Coldwell Banker West

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Kevin Silverstein

+1(619) 203-7041

Realtor | CA BRE #02098925

Realtor CA BRE #02098925

San Diego Communities

664 N Fig St Escondido, CA 92025

Kevin Silverstein

Key Details

Location

Interior

Exterior

Others

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