Listed at $1,649,000! This 9.5-acre estate in Lilac Hills features a main house, two rental units, and four detached garages on a private street, offering excellent potential for both personal and investment use.
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<a href="https://www.homes.com/property/9888-nutby-ln-escondido-ca/2cdm2l4dljt8b/" target="_blank">View property on homes.com<img class="prop-btn-vec" src="https://bucket.ywhdev.com/wl/?id=rWbNAf6NkPwAmR1lGr4xhlmds36PSHf8&fmode=open"/></a>
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This home is listed by Jason Lee at JLM Real Estate Inc
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<p class="sec-txt-bld">Projected annual rent:</p>
<p>$71,000</p>
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<div class="sec3-head">Operating Expenses</div>
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<p class="sec-txt">Property Tax:</p>
<p>$5,195</p>
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<p class="sec-txt">Insurance:</p>
<p>$4,400</p>
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<p class="sec-txt">Regular Maintenance:</p>
<p>$2,800</p>
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<p class="sec-txt">Reserves for Replacement:</p>
<p>$3,500</p>
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<p class="sec-txt">Annual Expenses:</p>
<p>$6,945</p>
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<p class="sec-txt">Net Operating Income:</p>
<p>$52,205</p>
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<p class="sec-txt">CAP Rate:</p>
<p>4.2%</p>
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<p class="sec-txt-bld">What Sets It Apart</p>
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With 3 rental units, this property is ideal for long-term leases or Airbnb rentals. Zoned for light agriculture, it allows for recreational amenities, animal keeping, and more. Additional features include 25 avocado trees, trailer hookups, and cost-effective utilities via SDG&E's agriculture rate.
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<p class="sec-txt-bld">Investor HIghlights</p>
<p>Priced at $1,649,000, this property offers a 4.2% cap rate, making it a strong investment opportunity. As a multi-family home, it provides an excellent chance for steady income with its 3 rental units, perfect for long-term tenants or Airbnb. With diverse income potential from both rental and agricultural uses, this property is well-positioned to generate reliable returns. </p>
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