1341 Boyle Avenue
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1341 Boyle Avenue

C

Escondido, CA 92027

$1,679,000

Beds

Baths

Sqft

4,860

Year Built

1979

Days on Market

59

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2604595

This property is in Escondido (92027). View neighborhood stats →

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About This Property

PRICE REDUCED! MASSIVE INCOME POTENTIAL 12+ BEDROOMS! THIS IS THE TWO STRUCTURES ON A LARGE CORNER LOT ON OVER .64 ACRES YOU HAVE BEEN LOOKING FOR! TWO STRUCTURES ON TAX RECORDS - ONE OF A KIND, TWO HOUSES ON ONE PARCEL! MAIN BUILDING "A" IS 3480 SQ FT CURRENTLY BEING OPERATED AS RCFE WITH 8 BEDROOMS PLUS 2 EXTRA ROOMS, 6 BEDROOMS ARE ENSUITE WITH PRIVATE BATHS, WITH 2 EXTRA BATHS, HIGHLY UPGRADED IN 2020 WITH GRANITE, WIDE PLANK FLOORING, STAINLESS AND UPDATED APPLIANCES, FIXTURES AND CUSTOM DESIGN. MAJORITY OF RESIDENCE IS ON TOP VIEW LEVEL, WITH ENTRY THIS LEVEL FOR NO STAIRS FOR MOST OCCUPANTS, GARAGE AND 2 ROOMS ON LOWER LEVEL. THIS PERFECT SET UP FOR A BUSINESS OR MULTI GENERATIONAL FAMILY WITH SO MUCH POTENTIAL FOR MANY FAMILIES ALL WITH PRIVACY IN SEPERATE BUILDINGS OR LEVELS. 4 CAR TOTAL IN 2 GARAGES PLUS PARKING FOR 8 VEHICLES ON SEVERAL DRIVES INTO UPPER LEVEL AND LOWER LEVEL, WITH ADDITIONAL ACCESS POTENTIAL ON DESTREE SIDE OF PROPERTY FOR YOUR RV,TOYS, MOTERHOME, BOATS ALL WITH NO HOA! SMALLER RESIDENCE "B" IS 1380 SQ FEET, WITH 3 BEDROOMS, 2 BATHS ON 2 LEVELS, PERVIOUSLY USED AS RESIDENTS AND/OR CARETAKERS. THERE IS 2 ENTRANCES ON THIS STRUCTURE, ONE UPSTAIRS AND ONE DOWNSTAIRS TO ACCOMODATE ANY FUTURE RESIDENT NEEDS. CAR PORT AND GARAGE ON LOWER LEVEL THIS IS AN EXTREMELY DESIREALBE CORNER LARGE LOT WITH PLENTY OF OPEN SPACE STILL UNUTILIZED FOR POTENTIAL FUTURE YARD/ADU/LANDSCAPING/POOL ADDITION(S)....BRING YOUR DREAM OR RUN THE BUSINESS AS IS, IT IS READY TO GO! OWNER PURCHASED IN 2020 AND HIGHLY UPGRADED INTERIORS, KITCHENS, FLOORING AND SYSTEMS POOL SIZE LOT OR POTENTIAL ROOM FOR ADU, INQUIRE WITH CITY OF ESCONDIDO SHOWN WITH PROOF OF FUNDS ONLY- Recently/Previously used as residential assisted living facility, contact CYNDI STETSON 619.733.0222 PLEASE DO NOT APPROACH OCCUPANTS OF EITHER BUILDING

Mortgage Calculator

Est. Monthly Payment

$10,659

Principal & Interest$8,490
Property Tax$1,679
Insurance$490
%($335,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,876
Monthly Cashflow

Rent − PITIA

$-6,783
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,074

Mortgage (P+I)
$8,490
Cap Rate
-0.42%
Cash-on-Cash
-32.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.36
Break-even Rent
$15,660

NOI (Annual)
$-7,004
Price-to-Rent

Lower = better for investors

36.1

* 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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