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.
Property Details
Price:
$1,750,000
MLS #:
NDP2501314
Status:
Active
Baths:
0
Address:
664 N Fig St 2300415300
Type:
Land
Neighborhood:
92025escondido
City:
Escondido
Listed Date:
Feb 6, 2025
State:
CA
ZIP:
92025
Lot Size:
27,007 sqft / 0.62 acres (approx)
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Curbs, Suburban
Lot Features
Lot 20000-39999 Sqft, Value In Land
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- Address664 N Fig St 2300415300 Escondido CA
- Area92025 – Escondido
- CityEscondido
- CountySan Diego
- Zip Code92025
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664 N Fig St 2300415300
Escondido, CA
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