320 Lincoln Ave Escondido CA 92026 ACTIVE
MLS# 240002311SD photo #1 MLS# 240002311SD photo #2 MLS# 240002311SD photo #3 MLS# 240002311SD photo #4
$629,999
bd/ba
sf
7,619 lot
1/31/24: 629,999 Original List Price
89 Days on Market
Virtual Tour

Residential Income
story
0 Parking Garage Spaces
Y Fireplace
Laundry Location
1950
R-2:MINOR Zoning
North Escondido Neighborhood
Unknown Complex/Park
$0 Total Fees/mo (HOA and/or Mello)
240002311SD MLS

Exceptional 4-Unit Development Opportunity in Escondido! Seize approved plans to upscale an existing Duplex from 2 units with 2 beds/1 bath each to 2 larger units with 3 beds/2 baths, plus a detached 2-car garage. Option to further expand with a 2-Unit ADU, achieving a total of 4 units. The Duplex is construction-ready, stripped to the studs with permits for the 2x 3-bed/2-bath project. Situated in San Diego County, Escondido is a hidden gem offering attractions like the San Diego Zoo Safari Park, arts, and outdoor activities. Early development phase allows for submeter installation, letting tenants pay utilities to increase ROI. Act promptly before the seller begins construction. The property also has an approved concept for a 2-unit ADU, providing flexibility to collect rents or sell ADUs separately under new regulations. An incredible chance for savvy investors. Act now to capitalize on this investment!

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Listing by David Thomas Mejia - David T. Mejia

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Seth Chalnick
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20% Down Conventional
Price $629,999
Down Payment% 20.0%
Down Payment$ $126,000
Loan Amount $503,999
Term (years) 30
Interest Rate
Principal & Interest
Property Tax $577
Home Insurance $100
Total monthly fees (HOA and/or Mello) $0
Estimated Total Payment/mo
 
Property Tax Deduction
Housing Amount You Pay Now
Relative additional expense/savings
3.5% FHA
Price $629,999
Down Payment 3.5%
Down Payment $22,050
Base Loan Amount $607,949
Upfront MIP% 1.000%
Upfront MIP$ $6,079
Loan Amount $614,029
Term (years) 30
Interest Rate
Principal & Interest
Property Tax $577
Home Insurance $63
FHA Ins Prem $512
Total monthly fees (HOA and/or Mello) $0
Estimated Total Payment/mo
 
Property Tax Deduction
Housing Amount You Pay Now
Relative additional expense/savings
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Contact Seth directly:
Seth Chalnick
619.251.8803
seth@sethchalnick.com
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