1035 3rd Avenue
Btop 30% of multifamilyEscondido, CA 92025
Pass at asking: -$2,714/mo full cashflow at 20% down, 7.36% rate.
Works at $769,815 (32% under asking), or at 55% down.
Rent $7,641/mo: 3 units of about 1,042 sqft, each priced from up to 16 closed leases within 0.5 mi ($6,882–$8,961).
Beds
—
Baths
—
Sqft
3,126
Year Built
1950
Days on Market
1
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
NDP2610216
This property is in Escondido (92025). View neighborhood stats →
About This Property
Excellent Investment Opportunity – Don’t miss this fantastic opportunity to own a well-maintained triplex, in a convenient location, close to town! One unit is 2 bedrooms and 1.5 bathrooms and the other 2 units feature 3 spacious bedrooms, 1.5 bathrooms, and the added convenience of indoor laundry. 2 units have a 1 car garage. Each unit has a covered carport. All three units are in good condition and offer comfortable, functional living spaces. The property is currently occupied by great long-term tenants, providing an appealing opportunity for investors seeking an established income-producing property. With three well-appointed units, desirable amenities, and a convenient location, this triplex is an excellent addition to any investment portfolio. A great opportunity to own a solid multi-unit property with long-term rental appeal!
Small multifamily · 3 units
Valued on income: each unit priced from closed leases nearby, then added up. County records: 3 units.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| Average unit~1,042 sqft · 16 leases within 0.5 mi | 3 | $2,547 | $7,641 |
| Gross rent, all units | $7,641/mo | ||
- Gross rent multiplier
- 12.3
- Price per unit
- $375,000
- NOI (a year)
- $46,501
- Cap rate
- 4.13%
Price ÷ a year's gross rent
Median $325,000 across 3 listed 2–4 unit buildings in 92025
Default vacancy, management, upkeep, tax, insurance
Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.
House hack with FHA
Live in the one unit, rent the other 2.
FHA likely won't lend on this one at this price. For 3 and 4 units it counts 75% of all the units' rent ($5,731/mo), and that has to cover the full payment ($9,562/mo). The numbers below are for reference.
- Down payment
- $39,375
- Your cost to live there
- $6,578/mo
- More than renting it
- $4,031/mo
3.5% · plus closing costs
After $5,094/mo from the other units
vs $2,547/mo to rent the same unit
How this is figured
- Loan $1,104,623 ($1,085,625 + 1.75% upfront mortgage insurance) at 7.11% (Freddie Mac 30-year average, week of Nov 12, 2026), 30 years: $7,431/mo
- FHA mortgage insurance $679/mo · property tax $1,125/mo · insurance $328/mo
- Vacancy, management and capex on the rented units, upkeep on the building: $2,109/mo
- FHA allows 3.5% down on 2–4 units when you live in one, up to HUD's 2026 San Diego County limit for 3 units ($1,708,400). Lenders count only part of the other units' rent toward qualifying.
Compare other buildings on the small multifamily page.
Mortgage Calculator
Est. Monthly Payment
$7,660
Location
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Zoned Schools
Elementary
Central Elementary · grades K-5 · Escondido Union
Middle
Del Dios Academy of Arts and Sciences · grades 6-8 · Escondido Union
High
Orange Glen High · grades 9-12 · Escondido Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
3 comps foundThis Property
$7,641
Comp Average
$6,985
405 Juniper Street
4,483 sqft · Multi-Family
$875K
Est. $6,144/mo
215 6th Avenue
3,301 sqft · Multi-Family
$1.15M
Est. $8,418/mo
403 4th Ave
1,884 sqft · Multi-Family
$975K
Est. $6,393/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
This is a 3-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.
Investment Score
3 units of about 1,042 sqft, each priced from up to 16 closed leases within 0.5 mi · $6,882–$8,961
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,714/mo short at 20% down; 55% down or +$3,524/mo rent closes it.
- Break-even price
- $769,815
- Break-even rent
- $11,165/mo
- Cashflow at 35% down
- −$1,550/mo
- Down payment to break even
- 55%
- Rate to break even
- 2.36%
32% under asking
$3,524/mo above the estimate
$618,750 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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