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Description
This property presents a unique investment potential in the southern part of Escondido. The current house requires significant renovations and can only be viewed with accepted offers. This opportunity becomes even more compelling when combined with the adjacent lot, which is also available for sale. When both properties are acquired together, there is the potential to develop up to 15 units in accordance with the city's zoning regulations in Escondido. Moreover, by focusing on affordable housing, there may be opportunities to secure additional bonus density units for the project. Alternatively, this property can be developed as a mixed-use space, featuring commercial storefronts at the front of the building and residential units on the upper floors. The possibilities are vast for this versatile investment opportunity. The adjacent lot will be added to the mls shortly as well.
Location
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2 Beds
2 Baths
938 Sq ft
$625,000
MLS# OC23215245
ActiveUnderContract
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Listing Agent: Amir Miraftab
Listing Office: EXp Realty Of California, Inc.
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