Prime Escondido Opportunity with Income-Producing ADU & Expansion Potential. - Unlock the full potential of a multi-family estate in vibrant Central Escondido, offering unmatched versatility for homeowners and investors. This property features a 3-bedroom, 2-bath main home (1,802 sq. ft.) and a fully permitted, detached 2/2 Accessory Dwelling Unit (ADU) at 224 W. 8th with. With a 7,000 sq. ft. lot zoned for single-family and ADU use, this property not only delivers immediate rental income but also offers the exciting possibility of adding additional ADUs, subject to City of Escondido regulations. The main house, equipped with central HVAC, a spacious master suite, and a private yard with a newer roof, provides a solid foundation for your vision. While it retains its original character and may benefit from updates, it's a blank canvas to create your dream home. The detached ADU, built in 2021 with stainless steel appliances, hardwood flooring, LED rain showers, and zoned ductless HVAC, is a phenomenal revenue source or home. With its own address, separate electric meter, washer/dryer hookups, and private courtyard, it's ideal for tenants or family. Both homes are leased through November 2025, generating $4,250/month for the main house and $2,850/month for the ADU-totaling $7,100/month. Leases can be terminated upon sale, allowing you to occupy one or both homes, live in one while renting the other, or continue leasing for cash flow. This property is a standout in the competitive 92025 zip code, where homes sell quickly. ADU Expansion Potential: Per Escondido's zoning regulations you may be able to add a JADU, provided it meets size, setback (4' side/rear), and utility requirements. Additionally, California's 2025 laws (SB 1211) may allow further ADU development on lots with existing multi-family structures. Confirm feasibility with Escondido's Planning Division. Located in walkable Central Escondido, enjoy proximity to Felicita and Kit Carson Parks, shopping, and dining. Blocks from revitalized Grand Avenue, you'll find trendy shops, breweries, and restaurants, with ongoing revitalization enhancing the area's historic charm and modern appeal. The Escondido Transit Center, 1.1 miles away, connects to Oceanside and Carlsbad via Sprinter light rail. Transform the main house, leverage the ADU's income, or explore expansion-seize this rare chance to own a versatile property and create your own bright future.
