Date
Details
Price
Change
Source
10/08/2025
Listed
$3,550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/5
$3,550,000 Sale Pending
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1/5
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
Full Property Details
Full Property Details for 1935 E El Norte
General
- Price: $3,550,000
- Status: Pending
- Type: Multi-Family
- Source: MRMLS
- MLS ID: IV25235623
- Updated: 10/21/2025
- Added to Site: 99 day(s) ago
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
Location
- Area: 92027 - Escondido
- County: San Diego
- Development Name: 92027 - Escondido
- Driving Directions: Southwest corner of El Norte x N. Midway Dr.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 4
- # Gas Meters: 3
- # Electric Meters: 4
Structural Information
- Entry Location: front
- Square Feet: 11,000
- Year Built: 1940
Unit Information
Unit 1
- Number of Units: 3
- Bedrooms: 3
Unit 2
- Number of Units: 1
Lot Features
- Lot Size (Acres): 2.3
- Lot Size (Sq. Ft.): 100,188
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $322.73
- Price Per Unit: 887500
Listed by Daum Commercial Re Services, LEE SPENCE
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Listing agent
— 1935 E El Norte —
LEE SPENCE
Daum Commercial Re Services
909-969-8800
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1935 E El Norte
| Name | Grades | Distance |
|---|---|---|
Conway Elementary School 1325 Conway Drive, Escondido, CA 92027 | K-5 | 0.7 mi |
Rincon Middle School 925 Lehner Avenue, Escondido, CA 92026 | 6-8 | 1.2 mi |
Orange Glen High School 2200 Glenridge Road, Escondido, CA 92027 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1935 E El Norte
Tax History
Tax History for 1935 E El Norte
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,647
4%
$492,135
4%
2023
$5,407
1%
$473,027
2%
2022
$5,349
2%
$463,753
2%
2021
$5,263
98%
$454,661
101%
2020
$2,652
2%
$226,686
2%
2019
$2,588
3%
$222,242
2%
2018
$2,517
2%
$217,886
2%
2017
$2,476
2%
$213,615
2%
2016
$2,428
1%
$209,427
2%
2015
$2,408
4%
$206,282
2%
2014
$2,309
—
$202,242
—
2013
$2,309
—
$201,329
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1935 E El Norte
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- Lots/Land
- Active
- Updated 5 days ago
- 3Acres
- Condo
- Active
- Updated 5 hours ago
- 2Beds
- 2Total Baths
- 1,383Sq. Ft.
- Condo
- Active
- Updated 4 hours ago
- 4Beds
- 3Total Baths
- 1,704Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 2,835Sq. Ft.
- Townhouse
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 1,316Sq. Ft.
- Townhouse
- Active
- Updated 9 hours ago
- 3Beds
- 3Total Baths
- 1,389Sq. Ft.
- Single Family
- Active
- Updated 1 hour ago
- 3Beds
- 2Total Baths
- 2,075Sq. Ft.
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- Condo
- Closed
- Updated 7 days ago
- 3Beds
- 3Total Baths
- 1,410Sq. Ft.
Co-Listed by Cindy Davis (CalRE#: 01221414)
1935 E El Norte, Escondido, CA 92027 (MLS# IV25235623) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1935 E El Norte is currently listed for $3,550,000 and was received on October 08, 2025. Want to learn more about 1935 E El Norte? Do you have questions about finding other Multi-Family real estate for sale in North Escondido? You can browse all North Escondido real estate or contact a Coldwell Banker agent to request more information.