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2200 Felicita Road
Escondido, CA 92029
Asking Price
$8.49M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
2200 Felicita Road, Escondido, CA 92029 <ul><li>Potential 89 unit townhome development</li><li>6.98 acres of vacant land on two parcels</li><li>Preliminary review february 2025 for general plan amendment & rezone</li><li>Proposed project includes 4.5 net developable acres with 2.5 acres of wetland habitat and biological buffer</li></ul>
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NOI
$80,000
Cap Rate
0.94%
DSCR
0.16
Underwater
Cash-on-Cash
-16.65%
Monthly Payment
$42,028.625
Annual Cash Flow
$-424,343.5
