1240 N Broadway 31, Escondido, California 92026, Escondido, 92026 - 2 bed, 2 bath
1240 N Broadway 31
Escondido, California 92026
Property Price
SUMMARY
Analysis of 1240 N Broadway 31, Escondido, California 92026 is currently available with a list price of $327,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Escondido Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1978, this condo is in mostly original condition and shows significant signs of aging. While functional and marketed as 'move-in ready,' the kitchen features dated cabinetry and older white appliances, the bathrooms lack modern updates, and the interior retains older carpeting and popcorn ceilings. It meets the 'fair' criteria as an aged property maintained through regular upkeep but requiring cosmetic updates to meet current style standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Accessibility
The property is ideally situated minutes from downtown Escondido, offering quick freeway access and close proximity to Kit Carson Park and the San Diego Zoo Safari Park.
- Community Amenities
Residents enjoy access to well-maintained community features including a swimming pool, spa, landscaped grounds, and ample guest parking.
- Investment Potential
With a competitive price point and a recent price reduction, this unit offers a great opportunity for first-time buyers or investors to build equity through modern upgrades.
CONSRISKS & DEFICIENCIES
- Short Sale and As-Is Condition
The property is a short sale being sold strictly as-is with no repairs or credits, which may complicate financing and require immediate out-of-pocket investment for renovations.
- High Association Fees
The monthly HOA fee of $550 is relatively high for a two-bedroom condo of this size, which could impact the overall monthly affordability for budget-conscious buyers.
About 1240 N Broadway 31
Welcome to this upper unit 2-bedroom, 1.5-bath condo located in the Escondido Creek community. The full kitchen includes the refrigerator along with electric stove and dishwasher. The primary bedroom includes a walk in closet space and additional 1/2 bath. This unit would be a great starter home to move in as is, or to add your own style with upgrades and personalizations. Or, could be great for investors. Residents of the Escondido Creek community enjoy access to well-maintained amenities including a swimming pool, spa, landscaped grounds, and ample guest parking. The location is unbeatable—just minutes from downtown Escondido, with easy access to local dining, shopping, and entertainment. Nature lovers and families will appreciate proximity to Kit Carson Park and the San Diego Zoo Safari Park. Quick freeway access and nearby public transit. SHORT SALE; No RR's will be made or credited for, as-is. $345,000 approval. Welcome to this upper unit 2-bedroom, 1.5-bath condo located in the Escondido Creek community. The full kitchen includes the refrigerator along with electric stove and dishwasher. The primary bedroom includes a walk in closet space and additional 1/2 bath. This unit would be a great starter home to move in as is, or to add your own style with upgrades and personalizations. Or, could be great for investors. Residents of the Escondido Creek community enjoy access to well-maintained amenities including a swimming pool, spa, landscaped grounds, and ample guest parking. The location is unbeatable—just minutes from downtown Escondido, with easy access to local dining, shopping, and entertainment. Nature lovers and families will appreciate proximity to Kit Carson Park and the San Diego Zoo Safari Park. Quick freeway access and nearby public transit.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- 205,278 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
Escondido Unified Schools
Conway Elementary School
Grades K-5 • 1.0 mi
Rincon Middle School
Grades 6-8 • 1.3 mi
Quantum Academy
Grades 4-8 • 3.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 854 | 943.5 | 35% |
| Lot Size | 205,278 | 1,117 | 74% |
| Price | $327.0K | $435.0K | 15% |
| Price per sq ft | $383 | $482 | 12% |
| Built year | 1978 | 1978 | 50% |
| HOA | $550.0 | $434 | 88% |
| Days on market | 170 | 198 | 35% |
Pricing History
Listed for Sale
Feb 14, 2026
$327,000
$345,000
-5% Price Drop
Initial Listing
Price Change
Jan 9, 2026
$345,000
$380,000
-9% Price Drop
Initial Listing
Price Change
Sep 19, 2025
$380,000
Initial Listing