831 3rd Avenue

831 3rd Avenue #8

D

Escondido, CA 92025

$529,900

Soft Appraisal Value: $521,900 · 1.5% above estimate

Beds

2

Baths

2.5

Sqft

1,426

Year Built

1974

Days on Market

81

Property Type

Condo

HOA/mo

$520

MLS ID

NDP2600084

Description

Discover this beautifully upgraded end-unit condo that lives like a detached home, set within a fully gated boutique community in the heart of Escondido. Thoughtfully remodeled throughout, this residence offers modern comfort, stylish finishes, and effortless living. Step inside to a bright, open layout featuring two spacious bedrooms—each with its own en-suite bath—plus a convenient half bath on the main level. The primary suite is a true retreat with newer plank vinyl flooring, a walk-in closet, and a brand-new 6-blade ceiling fan with remote LED lighting. The stunning primary bath showcases a custom walk-in tile shower, dual new vanities with quartz countertops, updated sinks, faucets, mirrors, lighting, and a new toilet. The secondary bedroom also impresses with stunning easterly panoramic views, a newer ceiling fan, mirrored closet doors, and a refreshed en-suite bath featuring a new vanity with quartz countertop, updated fixtures, lighting, and a new toilet. The inviting living room offers rich wood flooring and a cozy fireplace with a new mantle. The upgraded kitchen shines with granite countertops, shiplap backsplash, recessed lighting, stainless steel appliances—including a new range and microwave—plus a new reverse osmosis system. Just off the kitchen, you’ll find the indoor laundry area and a stylish half bath. Additional features include central heating and air, newer hot water heater, recent whole-house repipe, laundry room with full-size, side-by-side washer and dryer and fresh interior paint throughout. Enjoy two spacious outdoor spaces: a patio off the dining room with easy access to the sparkling community pool, and a large upstairs balcony off the primary suite—perfect for morning coffee and a book. Two gated, assigned parking garage parking spaces complete the package. Located close to premier shopping, dining, and entertainment, this well-maintained community offers peace of mind with an HOA that covers water, trash, roof, and common-area maintenance. Relax by the pool or unwind in the shared rooftop view area—this is Escondido living at its best.

Mortgage Calculator

Est. Monthly Payment

$3,884

Principal & Interest$2,679
Property Tax$530
Insurance$155
HOA$520
%($105,980)
%

Investment Score

8D
Est. Monthly Rent
$3,470
Monthly Cashflow

Rent − PITI − HOA

$-414
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,654

Mortgage (P+I)
$2,679
Cap Rate
2.32%
Cash-on-Cash
-18.73%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.89
Break-even Rent
$5,618

NOI (Annual)
$12,305
Price-to-Rent

Lower = better for investors

12.7

* 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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