Prime Escondido Opportunity with Income-Producing ADU Expansion Potential. - Unlock the full potential of a multi-family estate in vibrant Central Escondido, offering unmatched versatility for homeowners and investors. This property features a 3-bedroom, 2-bath main home (1,802 sq. ft.) and a fully permitted, detached 2/2 Accessory Dwelling Unit (ADU) at 224 W. 8th with. With a 7,000 sq. ft. lot zoned for single-family and ADU use, this property not only delivers immediate rental income but also offers the exciting possibility of adding additional ADUs, subject to City of Escondido regulations. The main house, equipped with central HVAC, a spacious master suite, and a private yard with a newer roof, provides a solid foundation for your vision. While it retains its original character and may benefit from updates, its a blank canvas to create your dream home. The detached ADU, built in 2021 with stainless steel appliances, hardwood flooring, LED rain showers, and zoned ductless HVAC, is a phenomenal revenue source or home. With its own address, separate electric meter, washer/dryer hookups, and private courtyard, its ideal for tenants or family. Both homes are leased through November 2025, generating $4,250/month for the main house and $2,850/month for the ADUtotaling $7,100/month. Leases can be terminated upon sale, allowing you to occupy one or both homes, live in one while renting the other, or continue leasing for cash flow. This property is a standout in the competitive 92025 zip code, where homes sell quickly. ADU Expansion Potential Per Escondidos zoning regulations
Contact
760-295-9023
Balboa Real Estate.
CA DRE LIC# 01971429