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1935 E El Norte Escondido, CA $ 3,550,000
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$ 3,550,000 Get more info
1935 E El Norte
$ 3,550,000
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1935 E El Norte

Escondido, CA, 92027
$ 3,550,000
Baths0.0 Sq 11,000

Monthly Estimate*

$ 22,147

Listed by DAUM COMMERCIAL RE SERVICES
1935 E El Norte, Escondido, CA 92027 - Image 1
1935 E El Norte, Escondido, CA 92027 - Image 2
1935 E El Norte, Escondido, CA 92027 - Image 3
1935 E El Norte, Escondido, CA 92027 - Image 4
1935 E El Norte, Escondido, CA 92027 - Image 5
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Studio

Multi-Family Home for sale in Escondido, CA

for $3,550,000. This 11,000 square foot home was built in 1940 on a lot size of 2.3.

This offering consists of five contiguous parcels located at the signalized southwest corner of E. El Norte Parkway and N. Midway Drive in Escondido, California. Together, the parcels total approximately 2.3 acres and include: • Three single-family homes • A 6,335 sq. ft. market/liquor store • A 0.36-acre parcel of vacant land The properties are situated within the Commercial Neighborhood (CN) zoning district. The existing residential units are classified by the City as legal, non-conforming uses, meaning new residential construction would require a zone change. The four rented units currently generate approximately $14,700 per month in gross income, providing strong interim cash flow. This site occupies a unique position as a standalone commercial enclave surrounded by residential neighborhoods, giving it a near-monopoly advantage for local retail and service businesses within the immediate trade area. Additionally, the vacant parcel offers future development potential, and the scarcity of commercial zoning in this area positions the property for strong long-term appreciation

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Multi-Family Pending

Price

$ 3,550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

2.3

Year Built

1940

Town/City

Escondido

County/Region

San Diego

MLS | Web ID

IV25235623

Days on Market

100
Features
General
Sewer Public Sewer
HOA Fee 0
Garage Spaces 4
Pool Features None
Year Built 1940
Property Subtype Single Family Residence
Gross Income 176400
Community Features Biking
Additional Parcels Description 2250703200 2250703300 22507035002250703400
County San Diego
Net Operating Income 132300
Operating Expense 44100
Insurance Expense 1000
New Construction false
Property Type Residential Income
HOA false
Subdivision Name North Escondido
Garage Y/N true
Special Listing Conditions Standard
Status Pending
Directions Southwest corner of El Norte x N. Midway Dr.
City Escondido
Entry Location front
Senior Community Y/N false
Number Of Units Total 4
MLS Area 92027 - Escondido
Lot Size Units Acres
Lot Size Square Feet 100188
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1000
Fuel Expense 1000
Trash Expense 1000
Water Sewer Expense 1000
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Pending
Year Built Source Estimated
Tax Lot 001
Property Sub Type Additional Single Family Residence
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Interior
Total Stories 1
Common Walls 1 Common Wall
Laundry Features Electric Dryer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 4
Lot Size Area 2.3
Number of Buildings 4
Building Area Total 11000
Lot Size Acres 2.3
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 3
Number of Separate Electric Meters 4
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* Excluded Features
List By
Daum Commercial Re Services

Broker

lee.spence@daumcommercial.com

Email

Affordability Calculator

$22,147
Per Month
100%
0%
0%
Monthly Principal & Interest
$22,147
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/20/2025$3,550,000 Listed Price

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1935 E El Norte, Escondido, CA, 92027 is a Multi-Family Home for sale at $3,550,000 with 11,000 sqft and a lot size of 2.3. 1935 E El Norte is a studio with 0.0 baths and was built in 1940. The property's zip code is 92027 which is in Escondido, CA

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