Over 12,000 square feet on a flat, usable R-2 lot! Whether you wish to build a second single-family residence or create an all-out multifamily project, the potential for this property is limited only by your vision. The best part is that a single-family residence is already in place as you develop your dream property. This charming two-bedroom home is filled with character and has been thoughtfully updated in recent years. Features include a massive driveway with newly installed pavers and a one-of-a-kind custom kitchen. The home has been well cared for and is ready for its next chapter. Other upgrades include newer floors, a remodeled bathroom, stone veneer, a new deck, a remodeled fireplace, and a new tankless water heater. Investors are welcomed. This home is perfect for families looking to build out their multigenerational compound on this .29 acre lot. Be sure to check with the City of Escondido regarding R-2 zoning potential and any limitations.