Equity: $99,500
DESCRIPTION: Exceptionally well located, level, stop lighted, corner parcel, has possibility to build a four unit apartment project. Has paved streets and all utilities to site. Zoned R3 18, permitting 18 units per acre or 2,420 net square feet per unit.
LOCATION: 660 East Mission Avenue Escondido, Ca. 92026 APN 229-160-3400, Thomas map code 1129 J-1 Located at Northwest corner of Mission Avenue and Fig St.
LOAN: None
CAN ADD: Two 2.5 acre residential lots Kern county $65k free & clear, also $425k 3br.-2.5bath Hillcrest Condo.
REMARKS: Owners really don't want this property. May sell with 20% down, and carry balance. Prefers exchange to Beach areas. Prefers San Diego coastal condo or home or maybe Hawaiian, (Kona area property) maybe boat to 30 feet. Will consider all ideas, including apartments. Probably can build 2-3 apartment units on site.
OWNER: GME Properties INC. A licensed California Real Estate Broker
CONTACT:
George Jonilonis, SEC, EMS
3536 Ashford St.
San Diego, Ca. 92111
(858) 278-4040 FAX (858) 278-7571
CELLULAR (619) 246-4040
e-mail georgej@adnc.com