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Sold for $6,900,000 on 11/28/23
  • $6,900,000

    204 Clark St, Escondido, CA 92025

    6beds
    6baths
    18,300sqft
    Multi Family
    Built in ----
    -- sqft lot
    $6,888,300 Zestimate®
    $377/sqft
    $3,531 Estimated rent

    What's special

    Clark Terraces Apartments is strategically located in the core business area of Escondido and walking distance to abundant retail. The highly renovated property is comprised of 20 units including 16 2bd/2ba units and four (4) 1bd/1ba units. Originally constructed in 1986, the subject features desirable architecture and quality construction including pitched roofs, central air conditioning, double sink vanities in the 2-bd/2ba units, full security complex with fencing and electronic gates and an ample parking ratio of two spaces per unit. Clark Terrace Apartments was extensively remodeled beginning in 2022 with a new roof, rebuilt decks, mostly new exterior windows, resurfaced parking lot and hardscape, new paint and drought tolerant landscaping. Interior renovations were completed in 13 of the 20 units at a cost of $50,000/ unit. With an impressive walk score of 94, the property is just one-block from Grape Day Park and Escondido's City Hall and Civic Center. The location is enhanced by the walkability to convenient retail including Northgate Market, Food 4 Less, Stater Bros Markets, Walgreen's and Starbucks to name a few. Residents have easy access to Interstate 15 and the 78 Freeway. This offering is perfect for the long term investor seeking a pride of ownership asset with low maintenance and a strong cash flow.

    Zillow last checked: 7 hours ago

    Listing updated: November 30, 2023 at 03:06pm

    Listed by:

    Eric D Comer DRE #00842230 858-369-3083,

    Eric D. Comer, Broker

    Bought with:

    Eric D Comer, DRE #00842230

    Eric D. Comer, Broker

    Source: SDMLS,MLS#: 230012280MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Central Forced Air Elec
    Cooling
    • Central Forced Air Elec
    Interior area
    • Total structure area: 18,300
    • Total interior livable area: 18,300 sqft

    Property

    Parking
    • Total spaces: 40
    • Parking features: Carports, Spaces
    Features
    • Stories: 2
    Lot
    • Size: 0.71 Acres
    Details
    • Special conditions: N/K

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Fully Landscaped, Metal Fence
    • Roof: Composition

    Community & neighborhood

    Location
    • Region: Escondido

    Other

    Other facts
    • Listing terms: Assumable 1st
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $6,888,300

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $6,888,300