Description

Seller has invested over $160,000 into the property, including more than $100,000 in architectural plans, engineering, and City of Escondido permit-related fees, along with over $60,000 in upgrades to the existing home. Improvements include new drainage, full replacement of hot and cold water lines, a new HVAC system, brand-new kitchen, fully remodeled bathroom, and upgraded windows.The property was previously approved and permitted for three additional units (2 ADUs and 1 JADU); however, the permits/plans have since expired. Buyer to independently verify with the City of Escondido all requirements, costs, and feasibility for renewal, reactivation, or resubmittal of the plans and permits.The flat lot offers significant development potential. The existing fully remodeled 2-bedroom, 1-bathroom home with a den is currently tenant-occupied, providing immediate rental income while a buyer evaluates the potential development of the additional units.