Homes for sale - 664 N Fig St, Escondido, CA 92025

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Angel Ramirez

angel@ramirezrealtygroup.com +1(619) 818-4318

$ 1,750,000

Est. payment | -/mo

0.62 Acres Lot

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$ 1,750,000

Est. payment | -/mo

Save Virtual Tour

0.62 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2501314

HOA Y/N No

Lot Size 0.620 Acres

Property Description

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.

Location

State CA

County San Diego

Area 92025 - Escondido

Zoning R-3 Restricted Multiple

Interior

Fireplace No

Exterior

Community Features Curbs, Suburban

View Y/N Yes

View Neighborhood

Building

Lot Description Value In Land

Water See Remarks

Others

Senior Community No

Tax ID 2300415300

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2501314

Listed by Jeff Kane Coldwell Banker West

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 818-4318

angel@ramirezrealtygroup.com

310 Third Ave Suite # C-3, Chula Vista, California, 91910, United States

664 N Fig St Escondido, CA 92025