About 331 Washington
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 5.31% 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.
Features of 331 Washington
| MLS® # | OC26160522 |
|---|---|
| Price | $3,645,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Acres | 0.34 |
| Year Built | 1988 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 331 Washington |
|---|---|
| Area | 92025 - Escondido |
| Subdivision | East Escondido |
| City | Escondido |
| County | San Diego |
| Zip Code | 92025 |
Amenities
| Parking Spaces | 22 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | SixToTenUnitsAcre |
|---|
Additional Information
| Date Listed | July 22nd, 2026 |
|---|---|
| Days on Market | 51 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Pat Swanson |
|---|---|
| Office | Pat Swanson |