1240 N Broadway 54, Escondido, California 92026, Escondido, 92026 - 2 bed, 2 bath
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Escondido, California 92026
This Modernized Ground-Floor Condo is a High-Potential Investment Opportunity listed at $355,000—positioned well below the $369,896 Fair Market Value by 4%. This valuation gap provides $14,896 in Instant Equity, further enhanced by a $10,000 forgivable loan incentive for eligible buyers. Boasting a Condition Rating of 3, the interior features new waterproof flooring, granite countertops, and fresh paint. Residents enjoy gated amenities including a pool and detached garage, located near Escondido High School. This turnkey residence is an exceptional acquisition for first-time buyers or Owner-Occupants seeking immediate wealth-building potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 N Broadway 54 Subject | $355,000* List Price | 2 | 2 | 854 | $433 | - |
A 1240 North Broadway 5 Sold | $350,000 | 2 | 2 | 854 | $410 | 0.0 mi |
B 1240 N Broadway 8 Sold | $385,000 | 2 | 2 | 854 | $451 | 0.0 mi |
C 1350 N Escondido Boulevard N 41 Sold | $415,000 | 2 | 2 | 921 | $451 | 0.3 mi |
D 1463 N Broadway E Sold | $450,000 | 2 | 2 | 900 | $500 | 0.3 mi |
E 1461 N Broadway A Sold | $395,000 | 2 | 2 | 900 | $439 | 0.3 mi |
F 1350 N Escondido Boulevard 37 Sold | $350,000 | 2 | 2 | 921 | $380 | 0.3 mi |
G 1240 N Broadway Unit 30 Pending | $365,000 List Price | 2 | 2 | 854 | $427 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent cosmetic updates, including brand-new waterproof flooring, fresh interior paint, new baseboards, and modern light fixtures. While the unit was built in 1978, the kitchen and bathrooms have been updated with granite countertops. The cabinetry and wall-mounted cooling units appear older, but the overall condition is well-maintained with no immediate renovations required.
The property is eligible for a $10,000 forgivable loan for closing costs or down payment, plus 100% financing options with no mortgage insurance, significantly lowering the barrier to entry for buyers.
This move-in-ready unit features high-quality waterproof flooring, fresh interior paint, granite countertops, and updated lighting, offering a contemporary aesthetic without the need for immediate renovation.
Rare for a condominium at this price point, the unit includes both a detached one-car garage and an assigned carport, providing superior parking convenience and additional storage space.
The monthly association fee of $649 is relatively high compared to the listing price, which may impact overall monthly affordability and debt-to-income ratios for some borrowers.
The reliance on a community laundry facility rather than in-unit hookups may be a significant convenience drawback for modern buyers or long-term residents.
Welcome Home to Villa La Paz! Step into this beautifully updated, move-in ready ground-floor condo located in the desirable gated community of Villa La Paz in North Escondido. This light-filled home features brand-new Royal Oaks Honeysuckle waterproof flooring throughout the living, dining, and kitchen areas, complemented by fresh interior paint, new baseboards, and modern lighting fixtures. The stylish kitchen and bathrooms showcase granite countertops, while tile flooring in the bathrooms adds durability and ease of maintenance. Enjoy peace of mind with a newly painted front door and new locks, along with the comfort of a home that stays cool during warm summer months. Ideally situated near the entrance for easy access, this unit offers abundant natural light year-round. Step outside and enjoy resort-style amenities including a sparkling community pool, BBQ area, clubhouse, Dog Run, laundry facility and lush landscaped grounds. Detached 1- car Garage plus assigned carport and ample guest parking. Conveniently located near Highway 78 & Interstate 15, with close proximity to shopping, dining, schools, and the YMCA, this home combines comfort with convenience. HOA covers water, trash, sewer, exterior maintenance & landscaping Perfect for first-time buyers, downsizers, or investors, this is an opportunity you don’t want to miss!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.3 mi
Grades 4-8 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 854 | 913 | 33% |
| Lot Size | - | - | 50% |
| Price | $355.0K | $407.0K | 33% |
| Price per sq ft | $416 | $455 | 27% |
| Built year | 1978 | 1978 | 50% |
| HOA | $649.0 | $480 | 93% |
| Days on market | 19 | 184 | 10% |
Apr 3, 2026
$355,000
Initial Listing
Oct 26, 2012
$87,500
Public Record
Dec 2, 2004
$239,000
Public Record