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845 W 3rd Ave1 / 39 · Click to zoom

About this home

INVESTOR ALERT - CASH FLOW TODAY, EVEN GREATER RETURNS TOMORROW Exceptional investment opportunity in the heart of Escondido. This income-producing property features two detached residences currently generating approximately $5,700 per month in rental income, providing immediate cash flow from day one. What truly sets this property apart is the fully approved plans and permits for a new 634 SF ADU. Investors can begin construction while continuing to collect rental income from the existing units, creating a rare opportunity to increase cash flow without interrupting current revenue. Investment Highlights  Two detached income-producing residences  Approximately $5,700/month current rental income  Fully approved and permitted 634 SF ADU  Opportunity to add a third income-producing unit  Continue collecting rent during ADU construction  Strong long-term appreciation potential  Excellent opportunity for investors seeking immediate income and future upside Whether you're expanding your real estate portfolio, completing a 1031 exchange, or searching for a high-potential value-add asset, this property offers an exceptional combination of current income, approved expansion, and long-term growth. Properties offering existing cash flow together with shovel-ready expansion opportunities rarely become available. Contact the listing agent today for rental information, approved ADU plans, and additional investment details.

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$785,000 · Mar 2024
📋 Assessed value$816,714
💵 Annual tax$9,166
🏫 School districtEscondido Union High School District

MLS #260017933SD

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Estimated total monthly payment
$5,576
Principal & interest$4,500
Property tax$816
Home insurance$260
Down payment: $178,000Loan: $712,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.