Movoto Real Estate
Sold on 03/04/2026
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1935 El Norte, Escondido, CA 92027

  • $3,700,000

    Last sold 03/04/2026 after 169 Days

  • bed

  • bath

Multi-family not for sale
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About 1935 El Norte

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Lot size 2.3 Acre
Parking 4 garage spaces
Rental estimate $1,768/Month
Property description
This offering consists of five contiguous parcels located at the signalized southwest corner of E. El Norte Parkway and N. Midway Drive in Escondido, California. Together, the parcels total approximately 2.3 acres and include: • Three single-family homes • A 6,335 sq. ft. market/liquor store • A 0.36-acre parcel of vacant land The properties are situated within the Commercial Neighborhood (CN) zoning district. The existing residential units are classified by the City as legal, non-conforming uses, meaning new residential construction would require a zone change. The four rented units currently generate approximately $14,700 per month in gross income, providing strong interim cash flow. This site occupies a unique position as a standalone commercial enclave surrounded by residential neighborhoods, giving it a near-monopoly advantage for local retail and service businesses within the immediate trade area. Additionally, the vacant parcel offers future development potential, and the scarcity of commercial zoning in this area positions the property for strong long-term appreciation
Listed by
Listing Agent - LEE SPENCE
Listing Agent Contact: 909-969-8800
Listing Office - DAUM COMMERCIAL RE SERVICES
Source: CRMLS mls logo
MLS#IV25235623 • last updated 1 month ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Type Residential Income
SubType Single Family Residence
Status Closed
Lot Size (Acres) 2.3
Lot Size (SqFt) 100188
Year Built 1940
Interior
Laundry Gas & Electric Dryer Hookup
Exterior
Building Area Square Feet, 11000
# Parking Spaces 4
# Garage Spaces 4
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County San Diego
Community Features Biking
Subdivision North Escondido, North Escondido
Directions Southwest Corner Of El Norte X N. Midway Dr.
APN 2250703100
Multifamily Details
Expense: Trash 1000
Operating Expense 44100
Expense: Insurance 1000
Total Expenses 44100
Expense: Water/ Sewer 1000
Gross Income 176400
Expense: Electric 1000
Gross Scheduled Income 176400
Expense: Fuel 1000

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Nearby homes for sale in Escondido, CA

  • Real Estate
  • CA
  • San Diego County
  • Escondido
  • 92027
  • Midway
  • 1935 El Norte
Rental est.: $1,768/month
Gross rent multiplier: 167.3

Nearby recently sold homes in Escondido, CA

  • Mar 2026
    mls logo MLS # IV25235623
  • Mar 5, 2026 Sold
    $3,700,000 (+4.2%)
  • Oct 21, 2025 Pending
  • Sep 16, 2025 Listed
    $3,550,000
  • 1935 El Norte
    $3.7M
  • Midway
    $499K -20% y/y
  • 92027
    $729K +4% y/y
  • Escondido
    $775K -3% y/y
No chart available
Statistics calculated by Movoto
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5/10
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Source: GreatSchools.org © 2026. All rights reserved.
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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/16/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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