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228 E 15th Ave1 / 46 · Click to zoom

About this home

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

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$799,000 · Jul 2025
📋 Assessed value$799,000
💵 Annual tax$8,017
🏫 School districtEscondido Union High School District

MLS #240027192SD

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Interest rate %
Loan term (yrs)
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Estimated total monthly payment
$5,006
Principal & interest$4,040
Property tax$732
Home insurance$233
Down payment: $159,800Loan: $639,200

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.