406 26 S Grape St, Escondido, California 92025, Escondido, 92025 - 0 bed, 0 bath
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Escondido, California 92025
Analysis of 406 26 S Grape St, Escondido, California 92025 is currently available with a list price of $1,595,000. 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.
Property is moderate renovation needed.
Built in 1957, this triplex is described as well-maintained with significant recent functional upgrades including rerouted plumbing and separated utility meters. While one unit (426) has been extensively renovated with modern kitchens, baths, and hardwood flooring, the remaining units and the overall exterior reflect the property's vintage age. The presence of updated vinyl windows and new fencing is positive, but the property as a whole requires further modernization to meet current 'excellent' or 'good' standards across all units.
With current rents positioned below market rates, this triplex offers substantial potential for income growth and increased capitalization rates for an investor or owner-user.
The units live like individual homes, featuring rare amenities such as large private front and back yards, attached garages, and individual indoor laundry rooms that drive tenant retention.
The property has undergone essential upgrades including rerouted plumbing, new fencing, and fully separated utility meters, reducing immediate deferred maintenance concerns for the buyer.
Built in 1957, the property may require ongoing attention to older systems and structural components typical of mid-century buildings despite recent cosmetic and plumbing updates.
A significant price reduction from the original list price of $1.598M to $1.3M suggests initial overvaluation or a shift in market response that may affect appraisal considerations.
OWNER-USER GEM IN THE HEART OF DOWNTOWN ESCONDIDO – This well-maintained triplex lives like individual homes. Each unit features spacious layouts, large private yards both front and back, individual indoor laundry rooms, and attached garages. Recent upgrades include rerouted plumbing, new fencing, and fully separated SDG&E meters. Unit 426 has been extensively renovated with new hardwood floors, a complete kitchen and bath remodel, and modern finishes throughout. Current rents are below market: Unit 406 – $2,695, Unit 416 – $2,595, Unit 426 – $2,999, offering excellent upside potential. Located in a highly walkable area close to shopping, dining, and freeway access. Whether you're expanding your portfolio or seeking an owner-occupied opportunity, this high-demand triplex delivers stable income, long-term growth, and significant value-add potential.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 2,410 | 2,385 | 50% |
| Lot Size | 8,756 | 14,614.6 | 50% |
| Price | $1.59M | $1.25M | 50% |
| Price per sq ft | $662 | $522 | 50% |
| Built year | 1957 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 42 | 50% |
Apr 16, 2026
$1,595,000
$1,300,000
+23% Price Increase
Initial Listing
Mar 22, 2026
$1,300,000
Initial Listing
Mar 21, 2026
$1,598,000
Initial Listing
Aug 6, 2021
$690,000
Public Record