Investment Overview

Situated on the corner of 4th Ave. & S Escondido Blvd., this vacant corner lot provides a unique opportunity to develop (±) 32 units in the heart of Escondido. Boasting a 94 Walk Score— 411 S Escondido Blvd. is a true walkers paradise with most daily errands achievable by foot along the Grand Ave. corridor. Additionally, the city's growing population & strategic location (close to the 15 & 78 freeways) make Escondido an attractive option for renters, ensuring a steady income stream for multifamily developments. The project is summarized below: • List Price of $1,170,000 • 14,109 SF LOT (.32 AC) • Raw Land – No Entitlements/Plans • Zoning: General Plan – Downtown SP / SPA #9 (100 DU/AC) • $83/SF Land Cost • $36,500/UNIT • Proximity to Local Schools, Parks and the Public Transit.