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340 W 15th Ave 5, Escondido, California 92025, Escondido, 92025 - 2 bed, 2 bath

340 W 15th Ave 5, Escondido, California 92025 home-pic-0
ACTIVE$400,000
340 W 15th Ave 5, Escondido, California 92025
2Beds
2Baths
948Sqft
39,871Lot
Year Built
1992
Close
-
List price
$400K
Original List price
$450K
Price/Sqft
$422
HOA
$335
Days on market
-
Sold On
-
MLS number
250037533SD
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $400.0K(36th), sqft - 948(36th), beds - 2(50th), baths - 2(50th).

Value Range $375,000-$400,000. Spacious condo with a comfortable floor plan and excellent investment appeal. The living room offers wood laminate flooring and an AC unit for year-round comfort. The kitchen includes tile flooring, granite countertops, a granite breakfast bar, and recessed lighting, with a ceiling fan over the dining area. The hall bathroom features granite countertops and tile flooring, while the primary suite offers wood laminate flooring, a walk-in closet, and a private bath with tile floors. Both bedrooms provide patio access with sliding doors, and the second bedroom also includes mirrored closet doors. Outside, the private patio features artificial turf and a small storage closet. Additional highlights include six-panel doors, dual-pane windows, and in-unit washer/dryer hookups. This property is a strong investment opportunity with long-term tenants in place paying $2,375 per month who would love to remain. Ideally located near shopping, dining and schools, this home combines convenience and reliable rental income.

Nearby schools

4/10
Felicita Elementary School
Public,•K-5•0.4mi
4/10
Juniper Elementary School
Public,•K-5•0.6mi
3/10
Central Elementary School
Public,•K-5•0.8mi
4/10
Pioneer Elementary School
Public,•K-5•2.1mi
4/10
Farr Avenue Elementary School
Public,•K-5•2.1mi
5/10
Del Dios Middle School
Public,•6-8•1.4mi
4/10
Mission Middle School
Public,•6-8•1.8mi
5/10
Bear Valley Middle School
Public,•6-8•2.0mi
7/10
Quantum Academy
Public,•4-8•3.4mi
6/10
San Pasqual High School
Public,•9-12•2.4mi
5/10
Escondido High School
Public,•9-12•2.6mi
4/10
Orange Glen High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
11/26/25
Price Change
$400,000-5.9%
10/22/25
Price Change
$425,000
08/29/25
Listing
$450,000
Condition Rating
Fair
The property, built in 1992, is 32 years old. While it benefits from updates such as wood laminate flooring, granite countertops in the kitchen and bathrooms, recessed lighting, dual-pane windows, and six-panel doors, the overall style of the kitchen cabinets and bathroom vanities appears dated in the provided images. These updates likely occurred 10-20 years ago, making them functional and well-maintained but no longer contemporary. The property is move-in ready and well-kept, but the aesthetic of key areas like the kitchen and bathrooms shows signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Strong Investment Opportunity: The property boasts long-term tenants paying $2,375 per month who wish to remain, offering immediate and reliable rental income for investors.
Modern & Updated Interior: Features include wood laminate flooring, granite countertops in the kitchen and bathrooms, recessed lighting, and modern six-panel doors, enhancing aesthetic appeal and functionality.
Comfort & Convenience Features: Equipped with an AC unit in the living room, dual-pane windows for energy efficiency, and in-unit washer/dryer hookups, providing modern living comforts.
Private Outdoor Space: A private patio with low-maintenance artificial turf and direct access from both bedrooms offers a desirable personal outdoor retreat.
Excellent Location: Ideally situated near shopping, dining, and schools, providing residents with convenient access to essential amenities and services.

Cons

Monthly HOA Fees: A significant association fee of $335.00 per month adds to the recurring cost of ownership, which may impact affordability for some buyers.
Recent Price Reductions: The property has undergone multiple price reductions from an original list price of $450,000 to $400,000, potentially signaling initial overpricing or market resistance.
Limited Square Footage: At 948 square feet for a 2-bedroom, 2-bathroom unit, the living space may be considered compact for some buyers, potentially limiting flexibility for larger households or extensive entertaining.

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