Prime Multi-Family Development Opportunity in the Heart of Escondido, CA Entitled 15-Unit Multi-Family Project | Zoned R-3-18 | High-Demand Rental Market. (Potential for Density Bonus & Incentives – Verify with City of Escondido)This 15-unit multi-family project is fully entitled and located just two blocks from premier shopping, dining, and major transportation corridors, offering developers a highly desirable location with strong rental demand. 15 Spacious Residential Units, (14) Three-Bedroom, Two-Bathroom Units and (1) Two-Bedroom, 2.5-Bathroom Unit. Average Unit Size: 1,365 Sq. Ft, Total Net Rentable Area: 20,482 Sq. Ft. Entitlements & Development Progress: Over $350,000 invested in soft costs, entitlements, and permit fees, Class D wood-frame construction over a concrete first floor and approved for 3 stories with a maximum height of 35 feet. Nestled in North San Diego County, Escondido, California, is a thriving and dynamic community known for its affordable housing, vibrant arts scene, and outstanding quality of life. Conveniently situated along the I-15 corridor, Escondido provides direct access to downtown San Diego (30 miles south) and is a gateway to some of Southern California’s most sought-after recreational destinations. Growing Demand: Escondido’s rental market is strong and stable, driven by a mix of families, professionals, and retirees seeking larger, more affordable housing options compared to coastal cities. Economic Growth & Infrastructure: Escondido is undergoing significant revitalization efforts, including improvements to its historic downtown district, increased investment in mixed-use developments, and transit-oriented projects that enhance long-term property value. This is a turnkey development opportunity in one of San Diego County’s most promising multi-family markets.
Lot/land
Listing Provided by:
Jeff Kane DRE #01915649 619-737-2126,
Coldwell Banker West
$1,750,000
664 N Fig St, Escondido, CA 92025
--beds
--baths
0.62Acres
Unimproved Land
Built in ----
0.62 Acres Lot
$695,200 Zestimate®
$--/sqft
$-- HOA
What's special
- 94 days
- on Zillow |
- 53 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: February 10, 2025 at 12:59pm
Listing Provided by:
Jeff Kane DRE #01915649 619-737-2126,
Coldwell Banker West
Source: CRMLS,MLS#: NDP2501314
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Travel times
Facts & features
Interior
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.62 Acres
- Features: Value In Land
Details
- Parcel number: 2300415300
- Zoning: R-3 Restricted Multiple
- Special conditions: Standard
Utilities & green energy
- Water: See Remarks
Community & HOA
Community
- Features: Curbs, Suburban
Location
- Region: Escondido
Financial & listing details
- Tax assessed value: $394,718
- Annual tax amount: $4,532
- Date on market: 2/10/2025
- Listing terms: Cash,Conventional
- Loading