321 E 8th Ave
DEscondido, CA 92025
Soft Appraisal Value: $601,500 · 0.4% below estimate
Beds
2
Baths
1
Sqft
904
Year Built
1950
Days on Market
97
Property Type
Single Family
HOA/mo
N/A
MLS ID
250046083SD
Description
Now shovel-ready with fully approved plans. Located in the heart of Old Escondido, 321 E 8th Ave presents a rare urban redevelopment opportunity—thoughtfully transformed from a single-family residence into a modern, well-designed triplex. The approved plans feature one 2-bed/2-bath unit, one spacious 2-bed/1-bath unit, and one expansive 3-bed/2.5-bath residence. Each unit is designed with open-concept living spaces, contemporary finishes, clean architectural lines, and abundant natural light. All three units offer private entrances, dedicated parking, and generous outdoor patios or yard areas, delivering exceptional privacy and livability for a property in such a central location. The elevated primary residence captures impressive southwest-facing views, including city lights, downtown San Diego, and ocean glimpses on clear days—an outstanding feature that enhances both lifestyle and long-term value. Designed with sustainability in mind, the project incorporates energy-efficient systems, eco-conscious materials, and durable construction aimed at reducing long-term operating costs. The contemporary two-story architecture and efficient layouts create bright, open, and highly functional living environments throughout. Situated in a high-demand rental market and surrounded by the historic charm of Old Escondido, this versatile triplex offers excellent potential for investors, multi-generational living, or an owner-occupant seeking supplemental income. A unique opportunity combining modern design, strong rental appeal, and a prime location.
Mortgage Calculator
Est. Monthly Payment
$3,803
Comparable Properties
5 comps foundThis Property
$2,855
Comp Average
$2,525
1037 E. Washington Avenue
3bd / 2ba · 1,074 sqft · Condo
$444K
Est. $3,231/mo
818 Washington Avenue
2bd / 2ba · 1,064 sqft · Condo
$450K
Est. $2,577/mo
806 4th Ave
1bd / 1ba · 910 sqft · Condo
$415K
Est. $2,263/mo
1010 Washington Ave.
2bd / 1ba · 1,066 sqft · Condo
$420K
Est. $2,551/mo
2425 Cranston Dr.
2bd / 2ba · 832 sqft · Condo
$399K
Est. $2,004/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Rent − PITI − HOA
Incl. vacancy, PM, maint, capex
⚠️ Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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