204 E 2Nd Avenue

Escondido, CA 92025

$6,300,000

List Price

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Property Description

We are proud to introduce the Trenton Arms. This 29-unit multi-family property, built in 1925 and renovated in 2021, is located in the Escondido Downtown Specific Plan area, offering a unique blend of historic charm and modern comforts.   The property features 17 one-bedroom/one-bath units, 1 two bedroom/one-bath unit, and 11 studios.  The building features a new roof, plumbing, and electrical systems, ensuring functionality and appeal. Units within the property are submetered for electricity. RUBs (Ratio Utility Billing System) have been implemented for electricity, gas, water, and sewer, promoting efficient utility management.   With a strong 100% occupancy rate, this property not only stands as a testament to its desirability but also presents a value-add investment opportunity through potential rent increases. It's an ideal choice for investors looking for a property that combines historical significance with contemporary living standards.

Listing Information

List Price $6,300,000
Status Active
MLS 250019134SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 9,354
Structure Size N/A
Courtesy Of Acre Investment Real Estate
Listing Agent Craig Stewart DRE#01060001
Co-Listing Agent Richard Farmer DRE#01229897

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)
Heating Type
Heating Type Wall Furnace

Maps

home_work Nearby Properties

Listing information courtesy of: Craig Stewart, Richard Farmer, Acre Investment Real Estate 760-809-3626. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 17th, 2025 at 6:18 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.