405 Juniper Street
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405 Juniper Street

Atop 10% of multifamily

Escondido, CA 92025

$875,000

Pass at asking: -$2,348/mo full cashflow at 20% down, 7.49% rate.

Works at $570,573 (35% under asking), or at 59% down.

Rent $5,715/mo: 3 units of about 556 sqft, each priced from up to 12 closed leases within 1 mi ($5,484–$6,804).

Beds

—

Baths

—

Sqft

—

Year Built

2010

Days on Market

180

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2604350

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

Virtual Tour

About This Property

Back on Market! Previous escrow canceled through no fault of the seller. Here's a rare opportunity to own a sought-after multi-residential income property in the thriving heart of Downtown Escondido. This two-story multifamily property features three separate units: two 1-bedroom units on the lower level and one 2-bedroom unit upstairs, offering strong rental appeal and an established income history. Seller has completed repairs and improvements based on items identified in a recent property inspection report. The inspection report, along with receipts/documentation for completed repairs, will be provided for review at the time of offer. The property is thoughtfully configured with a practical layout that maximizes privacy and functionality. Its two-story design provides separation between units, while fenced on-site parking adds convenience and security—an especially desirable feature in a downtown setting. The overall configuration supports consistent occupancy and appeals to tenants seeking comfortable living in a central location with easy access to everyday essentials. Ideally situated near shopping, restaurants, entertainment, and local services, the property benefits from its location in a vibrant and walkable neighborhood. Residents can enjoy nearby retail and dining options, along with convenient access to public transportation and major commuter routes. Located in a high-demand rental market, this property's functional layout, established tenancy, and tenant-friendly amenities present a compelling opportunity for investors seeking an income-producing multifamily asset with potential for future upside. Don't miss the opportunity to add this Downtown Escondido multifamily property to your investment portfolio.

Small multifamily · 3 units

Valued on income: each unit priced from closed leases nearby, then added up. County records: 3 units.

UnitUnitsRent eachSubtotal
Average unit~556 sqft · 12 leases within 1 mi3$1,905$5,715
Gross rent, all units$5,715/mo

The listing describes 2 × 1-bed, 1 × 2-bed. Units of different sizes are priced as the average unit: by bed count alone, unit rents ran 17% off in our backtest.

Gross rent multiplier
12.8

Price ÷ a year's gross rent

Price per unit
$291,667

Median $549,250 across 92 listed 2–4 unit buildings in San Diego County

NOI (a year)
$33,926

Default vacancy, management, upkeep, tax, insurance

Cap rate
3.88%

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 ($4,286/mo), and that has to cover the full payment ($7,513/mo). The numbers below are for reference.

Down payment
$30,625

3.5% · plus closing costs

Your cost to live there
$5,308/mo

After $3,810/mo from the other units

More than renting it
$3,403/mo

vs $1,905/mo to rent the same unit

How this is figured
  • Loan $859,152 ($844,375 + 1.75% upfront mortgage insurance) at 7.24% (Freddie Mac 30-year average, week of Oct 29, 2026), 30 years: $5,855/mo
  • FHA mortgage insurance $528/mo · property tax $875/mo · insurance $255/mo
  • Vacancy, management and capex on the rented units, upkeep on the building: $1,605/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

$6,020

Principal & Interest$4,890
Property Tax$875
Insurance$255
%($175,000)
%
Loan Term

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

    Escondido 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

1 comp found

This Property

$5,715

vs

Comp Average

$5,715

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

62A
Est. Monthly Rent
$5,715

3 units of about 556 sqft, each priced from up to 12 closed leases within 1 mi · $5,484–$6,804

Monthly Cashflow

Rent − PITIA

-$305
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,348

What would make this work?

$2,348/mo short at 20% down; 59% down or +$3,050/mo rent closes it.

Break-even price

35% under asking

$570,573
Break-even rent

$3,050/mo above the estimate

$8,765/mo
Cashflow at 35% down
−$1,432/mo
Down payment to break even

$516,250 cash

59%
Rate to break even

at 20% down

1.87%

Mortgage (P+I)
$4,890
Cap Rate
3.88%
Cash-on-Cash
-16.10%
DSCR

Need ≥ 1.25 for DSCR loan

0.95

NOI (Annual)
$33,926
Price-to-Rent

Lower = better for investors

12.8

* Modelled at 20% down, 7.49% 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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ACashflow−$2,348/mo