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$3,700,000
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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
- Sold For: $3,700,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: IV25235623
- Added to Site: 178 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 Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $336.36
- Price Per Unit: 887500
Listed and Sold by Daum Commercial Re Services, LEE SPENCE
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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1935 E El Norte
Date
Details
Price
Change
Source
3/04/2026
Sold
$3,700,000
4.23%
MLS
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.
1935 E El Norte, Escondido, CA 92027 (MLS# IV25235623) is a Multi-Family property that was sold at $3,700,000 on March 04, 2026. 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.

