$3,700,000

1935 E El Norte, Escondido CA, 92027

Property typeMulti-family

Overview

Sold

Listed Oct 8, 2025

Updated Aug 11

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

Additional information

MLS^® ID: IV25235623

Interior Features

Bedrooms: 3
Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 2.3 Acres

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Data last updated 5:18 AM UTC, 8/11/2026

Website advertised by Chad Basinger | CA DRE# 01817600 | REALTOR®, CPA, CFP®, CRS, ABR® , DRE 500000098