Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
Listed by Pat Swanson, Pat Swanson, Listing Contact: 213-864-2862

$3,575,000

331 Washington, Escondido CA, 92025

Price per sqftN/A
Built in1988
Property typeMulti-family

Overview

Active

Listed Jul 24, 2026

Updated 9 days 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
CROC26160522

Interior Features

Basement
No

Exterior Features

Lot Size
0.34 Acres
MLS provider logo

Listed by Pat Swanson, Pat Swanson DRE:01382974,
Listing Contact: 213-864-2862 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Grace Merritt | CA DRE# 01870218 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Grace Merritt | CA DRE# 01870218 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2026 MLS Listings, Inc. All rights reserved. 2026

Data last updated 2:15 PM UTC, 9/28/2026

 

 

Powered by Luxury Presence