1040 Washington Avenue
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1040 Washington Avenue #17

B

Escondido, CA 92025

$319,900
NEW — 2d

Soft Appraisal Value: $344,600 · 7.2% below estimate

Beds

1

Baths

1

Sqft

865

Year Built

1981

Days on Market

2

Property Type

Condo

HOA/mo

$748

MLS ID

NDP2606436

This property is in Escondido (92025). View neighborhood stats →

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About This Property

Extraordinary opportunity to own a beautifully remodeled FIRST FLOOR CORNER UNIT, in the desirable gated community of Escondido Village, offering comfort, style, and convenience. The spacious bedroom with a large closet provides comfort and privacy. The bathroom has been beautifully remodeled with a luxurious shower, a brand-new quartz countertop, new Kohler fixtures, and updated plumbing. The thoughtfully updated kitchen features newly replaced cabinets on the sink side, stainless steel appliances, a professionally refinished sink, and all-new kitchen plumbing. The open-concept floor plan flows seamlessly into the living room with a cozy fireplace and a sliding glass door leading to the generously sized patio area to relax and entertain, overlooking the lush greenbelt and sparkling community pool. Additional upgrades include a modern Eaton electrical panel, a GE Profile UltraFast 2-in-1 washer/dryer combo conveniently located in the private patio laundry closet, new flooring, and fresh interior paint, providing a clean, inviting atmosphere along with peace of mind and long-term value. This unit also comes with two assigned parking spaces—one covered and one uncovered. The HOA covers water, trash, roof, exterior maintenance, elevator, community pool, and a coinless laundry room located on the third floor, offering exceptional value and low-maintenance living. Residents also enjoy a clubhouse, guest parking, and open green spaces. Centrally located in the heart of Escondido, just minutes from shopping, dining, schools, parks, and major freeways, making it easy to enjoy everything North County has to offer. This complex is VA approved.

Mortgage Calculator

Est. Monthly Payment

$2,779

Principal & Interest$1,618
Property Tax$320
Insurance$93
HOA$748
%($63,980)
%

Location

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Investment Score

40C
Est. Monthly Rent
$2,016
Monthly Cashflow

Rent − PITIA

$-762
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,493

Mortgage (P+I)
$1,618
Cap Rate
0.47%
Cash-on-Cash
-28.00%
DSCR

Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$3,955

NOI (Annual)
$1,498
Price-to-Rent

Lower = better for investors

13.2

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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