Listing ID : 250020076
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Beds
6 -
Structure / Lot Size
4,267 Sqft / 15,681 Sqft
Description
Easy cash flow opportunity in East Escondido. The Cambria Townhomes is a 5 unit apartment building that has been 80%(4 of the 5) renovated by the current ownership. Upgrades include but are not limited to quartz countertops in kitchens and baths as well as new cabinets, in unit washers and dryers, luxury vinyl plank flooring, dual pane vinyl windows, new exterior fencing for the back of the units, upgraded appliances and fixtures. Built in 1973, the property has spacious units with 3 of the 5 units townhouse style and the remaining 2 being flats. There is a direct entrance from the parking area into each unit for resident's convenience. The 5th unit was remodeled in 2018. Current ownership replaced the roof and fascia of the building in December 2023 and at the same time replaced the roof of the carports. There are RUBS in place that generate an additional $300 monthly offsetting the water, sewer, and trash expense. Walking distance to Orange Glen High School, this property is a cash cow with upside by completing the renovation of the 5th unit and raising rents over time knowing that there will be little ongoing maintenance due to the renovations. There are no balconies so no issues with SB 721.
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