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    145 W El Norte Parkway

    Escondido, CA 92026
    • $13,950,000
    • STATUS: Active
    • ON SITE: 44 days
    • ID#: 200048547
    UPDATED: 58 min ago
    $13,950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Hilltop Condos consists of a bulk sale of 51-units in a 105-unit complex built in 1988. All units are two-bedroom, two-bath floor plans with fireplaces and in-unit washer and dryers. The property was highly renovated in 2006 and has numerous amenities including two swimming pools and spas, a fitness center, leasing office and beautifully landscaped grounds. A future investor can enjoy low operating costs due to the age of construction and recent renovation. Further, the Home Owners Association is responsible for the maintenance of the exterior and common areas. Hilltop Condos may be exempt from California's rent control law (AB1482) with proper tenant noticing and vesting. Hilltop Condos is located in a convenient Escondido location with direct freeway access and proximity to convenient shopping and community amenities. Amenities: BBQ,Clubhouse,Rec Room,Spa

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T08:26:29.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/110995917
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    145 W El Norte Parkway Escondido, CA 92026

    • Price: $13,950,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 200048547
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    92026 - Escondido
    County:
    San Diego
    Area:
    92026 - Escondido
    Property Description
    Hilltop Condos consists of a bulk sale of 51-units in a 105-unit complex built in 1988. All units are two-bedroom, two-bath floor plans with fireplaces and in-unit washer and dryers. The property was highly renovated in 2006 and has numerous amenities including two swimming pools and spas, a fitness center, leasing office and beautifully landscaped grounds. A future investor can enjoy low operating costs due to the age of construction and recent renovation. Further, the Home Owners Association is responsible for the maintenance of the exterior and common areas. Hilltop Condos may be exempt from California's rent control law (AB1482) with proper tenant noticing and vesting. Hilltop Condos is located in a convenient Escondido location with direct freeway access and proximity to convenient shopping and community amenities. Amenities: BBQ,Clubhouse,Rec Room,Spa
    Exterior Features

    Construction Materials FrameStucco

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 4.40 Country Us Gross Scheduled Income 1111080.00 Operating Expense 507187.00 Property Sub Type Commercial/Residential

    Listing provided courtesy of Eric Comer of Eric D. Comer, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T08:26:29.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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