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Listed by Jeff Kane • Coldwell Banker West
$ 1,750,000
Est. payment /mo
Active
664 North Fig St Escondido, CA 92025
0.62 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8N-2501314
Lot Size 0.620 Acres
Property Description
Prime Multi-Family Development Opportunity in the Heart of Escondido, CA Entitled 15-Unit Multi-Family Project | Zoned R-3-18 | High-Demand Rental Market. (Potential for Density Bonus & Incentives - Verify with City of Escondido)This 15-unit multi-family project is fully entitled and located just two blocks from premier shopping, dining, and major transportation corridors, offering developers a highly desirable location with strong rental demand. 15 Spacious Residential Units, (14) Three-Bedroom, Two-Bathroom Units and (1) Two-Bedroom, 2.5-Bathroom Unit. Average Unit Size: 1,365 Sq. Ft, Total Net Rentable Area: 20,482 Sq. Ft. Entitlements & Development Progress: Over $350,000 invested in soft costs, entitlements, and permit fees, Class D wood-frame construction over a concrete first floor and approved for 3 stories with a maximum height of 35 feet. Nestled in North San Diego County, Escondido, California, is a thriving and dynamic community known for its affordable housing, vibrant arts scene, and outstanding quality of life. Conveniently situated along the I-15 corridor, Escondido provides direct access to downtown San Diego (30 miles south) and is a gateway to some of Southern California's most sought-after recreational destinations. Growing Demand: Escondido's rental market is strong and stable, driven by a mix of families, professionals, and retirees seeking larger, more affordable housing options compared to coastal cities. Economic Growth & Infrastructure: Escondido is undergoing significant revitalization efforts, including improvements to its historic downtown district, increased investment in mixed-use developments, and transit-oriented projects that enhance long-term property value. This is a turnkey development opportunity in one of San Diego County's most promising multi-family markets.
Location
State CA
County San Diego
Area 92025 - Escondido
Zoning R-3 Restricted Multiple
Exterior
Community Features Curbs, Suburban
View Y/N Yes
Building
Lot Description Lot 20000-39999 Sqft, Value In Land
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2501314
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944