228 15th Ave
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228 15th Ave #9

C

Escondido, CA 92025

$899,000

Beds

Baths

Sqft

Year Built

1955

Days on Market

12

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260014598SD

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

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About This Property

Investor and developer opportunity! Situated on a spacious 9,000 SF R-2 lot, this income-producing property features a 3-bedroom home plus a detached guest unit generating a combined $5,800/month in rental income. The oversized lot offers excellent potential for expansion, including the possibility of adding an ADU, increasing rental income, or exploring additional development opportunities (buyer to verify with local planning and zoning authorities). Whether you're seeking strong cash flow, value-add upside, or long-term development potential, this versatile property presents a rare opportunity in a desirable location. Highlights: 3-bedroom main residence + guest unit 9,000 SF R-2 zoned lot $5,800/month current gross rental income Potential to add an ADU Expansion and redevelopment possibilities Ideal for investors, owner-users, or developers

Mortgage Calculator

Est. Monthly Payment

$5,707

Principal & Interest$4,546
Property Tax$899
Insurance$262
%($179,800)
%

Location

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Investment Score

29D
Est. Monthly Rent
$3,801
Monthly Cashflow

Rent − PITIA

$-1,906
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,529

Mortgage (P+I)
$4,546
Cap Rate
1.36%
Cash-on-Cash
-23.55%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$8,384

NOI (Annual)
$12,199
Price-to-Rent

Lower = better for investors

19.7

* 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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