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385 Lake Dr, Escondido, CA 92029
$1,395,000
385 Lake Dr, Escondido, CA 92029View this property at 385 Lake Dr, Escondido, CA 92029
385 Lake DrEscondidoCA92029
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Property Description
Happy to present this turnkey investment opportunity near lake Hodges in the heart of Del Dios. Fantastic location for owner occupied buyer or investor. Potential to operate units as short term or Long term rentals and the potential to convert the 1st floor basement to a 3BD/2BA ADU to make this a 4-unit property. Front House was fully renovated sparing no expense with new quartz countertops, appliances, flooring, painted inside and out including fences/decks/stairway, windows, mini split, driveway, recessed lighting, and remodeled bathrooms. Back units feature Kitchen and bathroom remodels, new flooring, interior and exterior paint, new electrical outlets and windows. SELLER WILL BE OFFERING A 2, 1 INTEREST RATE BUYDOWN FOR THE BUYER!
Full Property Details
Full Property Details for 385 Lake Dr
General
- Price: $1,395,000
- Status: Active
- Type: Multi-Family
- MLS ID: 240007626
- Updated: 5/28/2024
- Added to Site: 60 day(s) ago
Interior
- Number of Fireplaces: 2
Additional Information
- Security/Safety: N/K, Other/Remarks
Parking
- Garage Spaces: 1
Location
- Area: ESCONDIDO (92029)
- County: San Diego
- Subdivision: Del Dios
- Complex: Escondido
- Driving Directions: When mapping the property for directions use 20048 Lake Dr.
Heating & Cooling
- Cooling Type: Attic Fan, Wall/Window Air Conditioning
Structural Information
- Roof: Other (See Remarks)
- Stories/Levels: 2
- Year Built: 1929
Unit Information
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
- Units w/Dishwashers: 3
- Units w/Patios: 3
- Units w/Cooling: 3
- Units w/Washers: 3
- Units w/Dryers: 3
Unit 1
- Total Bathrooms: 2
- Bedrooms: 3
- Parking: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Fencing (Description): Partial, N/K
Financial Considerations
- Tenant Expense: N/K, Other/Remarks
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by JLM Real Estate Inc.
Get Pre-Approved Today
Schools
Schools serving 385 Lake Dr
School Districts:Escondido Union School District, Escondido Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
1122 Mountain Heights Dr, Escondido, CA 92029 | K-5 | 1.7 mi | |
3003 Bear Valley Pkwy S, Escondido, CA 92025 | 6-8 | 3.6 mi | |
3300 Bear Valley Pkwy S, Escondido, CA 92025 | 9-12 | 3.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 385 Lake Dr
Date
Details
Price
Change
Source
5/14/2024
Price Reduced
$1,395,000
-6.69%
MLS
4/10/2024
Listed
$1,495,000
73.84%
MLS
10/13/2023
Sold
$860,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 385 Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,548
1%
$472,716
2%
2022
$5,475
2%
$463,448
2%
2021
$5,382
1%
$454,362
1%
2020
$5,340
2%
$449,704
2%
2019
$5,210
3%
$440,888
2%
2018
$5,061
2%
$432,244
2%
2017
$4,974
2%
$423,769
2%
2016
$4,873
1%
$415,461
2%
2015
$4,827
5%
$409,221
2%
2014
$4,610
—
$401,205
—
2013
$4,605
—
$399,393
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 385 Lake Dr
385 Lake Dr, Escondido, CA 92029 (MLS# 240007626) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 385 Lake Dr is currently listed for $1,395,000 and was received on April 10, 2024. Want to learn more about 385 Lake Dr? Do you have questions about finding other Multi-Family real estate for sale in South Escondido? You can browse all South Escondido real estate or contact a Coldwell Banker agent to request more information.