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Property Details
Property Name
Escondido Development Opportunity
Address
S Cedar St & E 3rd Ave, Escondido, CA 92025
Asking Price
$525,000
Units
2
Building Size
830 SF
Property Type
Land
Cap Rate
—
Price Per Unit
$262,500
Status
Active
Broker
South Coast Commercial
Investment Opportunity
Two parcels: 311 S Cedar St, Escondido, CA 92025 (zoned R-3-12 Restricted Multiple) and 951 E 3rd Ave, Escondido, CA 92025 (zoned R-2-12 Minor Multiple). The total land area is 13,701 SF. This corner lot offers three access points — S Cedar, E 3rd, and the alley. The current use is two single-family homes; 311 S Cedar (vacant) is an 830 SF 3-bedroom/1-bath home on a 6,979 SF lot.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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