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$899,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 5 days ago
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Investor and developer opportunity! Situated on a spacious 9,000 SF R-2 lot, this income-producing property features a 3-bedroom home plus a detached guest unit generating a combined $5,800/month in rental income. The oversized lot offers excellent potential for expansion, including the possibility of adding an ADU, increasing rental income, or exploring additional development opportunities (buyer to verify with local planning and zoning authorities). Whether you're seeking strong cash flow, value-add upside, or long-term development potential, this versatile property presents a rare opportunity in a desirable location. Highlights: 3-bedroom main residence + guest unit 9,000 SF R-2 zoned lot $5,800/month current gross rental income Potential to add an ADU Expansion and redevelopment possibilities Ideal for investors, owner-users, or developers

Full Property Details for 228 E 15th Ave

General

  • Price: $899,000
  • Status: Active
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 260014598
  • Updated: 6/17/2026
  • Added to Site: 7 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Pool: Yes
  • Other Features: Other (See Remarks)

Location

  • Area: ESCONDIDO (92025)
  • County: San Diego
  • Subdivision: SOUTH ESCONDIDO
  • Neighborhood: Escondido
  • Driving Directions: Escondido Bl. to 15th, right turn.

Community

  • Assoc. Fees Include: Other (See Remarks)

Heating & Cooling

  • Heating Type: Floor Furnace
  • Heating Fuel: Natural Gas

Utilities

  • Water: Available
  • Utility Description: Sewer Available

Structural Information

  • # Buildings: 2
  • Detached/Attached: Detached
  • Construction: Stucco
  • Roof: Composition
  • Stories/Levels: 1
  • Year Built: 1955

Unit Information

  • Units in Building: 2

Lot Features

  • Property View: Parklike
  • Irrigation System: Sprinklers
  • Zoning: R-2
  • Fencing (Description): Partial

Financial Considerations

  • Operating Expenses: $4,800
  • Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: Electricity, Gas/Propane, Hot Water, Water

Disclosures and Reports

  • Property ID: 233-593-10-00

Listed by Compass (858) 414-4602, Mark J Schwartz and Compass (619) 301-3416, Lucca T Grassi

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Listing agents

— 228 E 15th Ave —

  • Mark J Schwartz

    Compass

    858-414-4602

  • Lucca T Grassi

    Compass

    619-301-3416

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 228 E 15th Ave

School Districts:Escondido Union High School District, Escondido Union Elementary School District
NameGradesDistance
Juniper Elementary School, Escondido, CA
1809 South Juniper Street, Escondido, CA 92025
PK-50.3 mi
Bear Valley Middle School
3003 Bear Valley Parkway, Escondido, CA 92025
6-81.9 mi
San Pasqual High School
3300 Bear Valley Parkway, Escondido, CA 92025
9-121.2 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 228 E 15th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2026
Listed
$899,000
12.52%
MLS
7/14/2025
Sold
$799,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 228 E 15th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,017
32%
$700,000
31%
2024
$6,055
2%
$535,380
2%
2023
$5,916
1%
$524,883
2%
2022
$5,852
12%
$514,592
12%
2021
$5,244
9%
$460,000
10%
2020
$4,805
6%
$420,000
5%
2019
$4,552
1%
$400,000
—
2018
$4,514
14%
$400,000
14%
2017
$3,957
6%
$350,000
6%
2016
$3,729
32%
$330,000
32%
2015
$2,832
11%
$250,000
9%
2014
$2,543
34%
$230,000
34%
2013
$1,898
—
$172,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Compass (858) 414-4602, Mark J Schwartz and Compass (619) 301-3416, Lucca T Grassi

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228 E 15th Ave, Escondido, CA 92025 (MLS# 260014598) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 228 E 15th Ave is currently listed for $899,000 and was received on June 16, 2026. Want to learn more about 228 E 15th Ave? Do you have questions about finding other Multi-Family real estate for sale in Escondido? You can browse all Escondido real estate or contact a Coldwell Banker agent to request more information.

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