406 26 S Grape St, Escondido, California 92025, Escondido, - bed, bath
ACTIVE$1,699,000
406 26 S Grape St, Escondido, California 92025
0Bed
0Bath
2,410Sqft
8,756Lot
Year Built
1957
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507228
Home ConditionFair
Features
View-
About this home
Turnkey triplex for sale in Downtown Escondido, CA! Rare investment opportunity in North County San Diego for investors or owner-users. Each spacious unit boasts private yards, indoor laundry, and attached garages. Recent upgrades include new fencing, rerouted plumbing, and separate SDG&E meters. Current rents: Unit 406 – $2,695, Unit 416 – $2,695, Unit 426 – $3,000, with major upside as market adjusts. Walkable to top restaurants, shops, parks, and near I-15/Hwy 78. Stable rental income plus long-term growth in an attractive multi-family neighborhood. Contact us to schedule a private showing of this Escondido investment property today!
Price History
Date
Event
Price
09/22/25
Listing
$1,699,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,410 | 1,921 | 50% |
| Lot Size | 8,756 | 7,793 | 50% |
| Price | $1.7M | $1.25M | 50% |
| Price per square foot | $705 | $632 | 50% |
| Built year | 1957 | 9740979 | 100% |
| HOA | |||
| Days on market | 44 | 110 | 50% |
Condition Rating
Fair
The property was built in 1957, making it over 60 years old. While the listing mentions 'recent upgrades' such as rerouted plumbing and separate SDG&E meters, these are primarily infrastructure improvements and do not specify recent renovations to the interior aesthetics, particularly kitchens and bathrooms. The term 'turnkey' suggests functionality and readiness for tenants, but without images or explicit details of interior updates (appliances, fixtures, flooring), it's reasonable to assume that the visible components are likely dated, even if well-maintained. This aligns with the 'Fair' category, indicating an aged but maintained property where major components are functional but show signs of being outdated, and minor updates or repairs may be required to meet current standards.
Pros & Cons
Pros
Exceptional Investment Opportunity: Turnkey triplex in a desirable North County San Diego location, ideal for investors or owner-users seeking stable income and long-term growth.
Strong & Stable Rental Income: Generates significant current rental income with stated 'major upside as market adjusts,' indicating potential for increased cash flow.
Desirable Unit Amenities: Each spacious unit offers highly sought-after features including private yards, indoor laundry, and attached garages, enhancing tenant appeal and retention.
Key Infrastructure Upgrades: Recent improvements such as new fencing, rerouted plumbing, and separate SDG&E meters reduce immediate capital expenditure and improve operational efficiency.
Prime Walkable Downtown Location: Situated in Downtown Escondido, providing excellent walkability to restaurants, shops, parks, and convenient freeway access (I-15/Hwy 78).
Cons
Property Age: Built in 1957, the property's age suggests potential for older systems (e.g., HVAC, roof, windows) or deferred maintenance not covered by the listed upgrades, which could require future capital investment.
Unspecified Interior Condition: While infrastructure upgrades are noted, the description doesn't detail interior renovations for kitchens, bathrooms, or finishes, implying units might be dated and could benefit from cosmetic updates to maximize rental income.
Market-Dependent Rental Upside: The 'major upside as market adjusts' suggests that achieving higher rents is contingent on future market conditions, introducing a degree of uncertainty or requiring proactive rent management.