940 S Upas Street, Escondido, California 92025, Escondido, 92025 - 3 bed, 2 bath
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Escondido, California 92025
This Hybrid Investment Asset is a High-Potential Investment Opportunity, listed at $825,000—positioned above the $773,362 Fair Market Value. Despite the premium, the property features a Condition Rating of 2 following a complete ground-up renovation. The primary value lies in the Shovel-Ready ADU Permit, which allows for immediate construction of a 1,000 sqft unit to maximize rental yield. This turnkey property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through multi-generational living or rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 940 S Upas Street Subject | $750,000* List Price | 3 | 2 | 1,216 | $624 | - |
A 944 W 5th Avenue Sold | $789,999 | 3 | 2 | 1,244 | $635 | 0.3 mi |
B 940 S Upas St Sold | $799,000 | 3 | 2 | 1,246 | $641 | 0.0 mi |
C 159 W 5th Ave Sold | $670,000 | 2 | 2 | 937 | $715 | 0.8 mi |
D 248 W W 9th Ave Sold | $720,000 | 2 | 1 | 1,296 | $556 | 0.7 mi |
E 1354 S Maple Active | $760,000 List Price | 3 | 2 | 1,136 | $669 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete ground-up renovation with over $200k in upgrades, including a new roof, new plumbing, new electrical wiring/panels, and new mini-split HVAC systems. The kitchen and bathrooms are brand new with modern finishes, and all work was completed with permits, meeting the criteria for a high-end renovation under 5 years old.
The property includes fully approved plans and permits for a 1,000 sqft, 3-bedroom, 2-bathroom ADU, saving the buyer over seven months of bureaucracy and $30,000 in architectural and city fees.
With over $200,000 in recent upgrades, the home features all-new essential systems including a new roof, plumbing, electrical wiring, and energy-efficient mini-split HVAC units in every room.
The property offers exceptional versatility for investors or multi-generational families, with a projected rental income of over $7,500 per month when both the main house and the planned ADU are utilized.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6534, other record lot size in square feet = 6700.
The property was recently sold within the past year on 2026-01-16. The sold price is $799,000.00.
At 6,534 square feet, the lot may feel significantly crowded once the 1,000 square foot ADU is constructed, leaving limited private outdoor space for the primary residence.
This beautifully remodeled home comes with an approved plan to build a 3br/2ba ADU (Shovel Ready). Home was renovated from the ground up. Some of upgrades are New Roof, New Plumbing, Electrical wiring & panels, Patio cover, Driveway & Courtyard concrete, Beautiful new Kitchen, flooring, Doors, Windows, Drywalls, Fireplace, New baths & Shower, Mini Splits and much more. Great opportunity to add value. Live in one and rent the other for $3,500, rent both for $7,500 plus, or just bring your RV & toys. Please Read " Supplemental Section" for more info on remodeling & Plans. Over 200K in upgrades, architectural plans & City Permit. Home has been completely remodeled from ground up with plans & permit from City of Escondido. Some of the improvements are: New Roof, New kitchen, New Mini split ( A/C & Heat pump) for each room, New windows & doors, New bath & shower, New drywall throughout, New Plumbing, Complete new Electrical wiring & electrical panel upgrade, New beam and footing between living room & kitchen. Newley constructed 50 ft long patio with new footing for each post and much more. All work was done with plans and permits. *** In Addition, seller has an "Approved Plan & permit to build a 3 bedrooms/2 baths 1000sqft ADU in the back lot (see virtual picture) with its own address, 942 S Upas. It took over 7 months & 30K to get the plan approved. All Permit fees have been paid except a couple such as School fees & park fee etc.., which is due prior to starting the construction. All the hard work has been done by the seller. This is a great long term investment property. It is located on a very desirable street close to freeway and town center.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 1,216 | 2,279.5 | 15% |
| Lot Size | 6,534 | 11,160 | 21% |
| Price | $750.0K | $1.07M | 22% |
| Price per sq ft | $617 | $501 | 83% |
| Built year | 1937 | 1978 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 121 | 8% |
Jun 10, 2026
$750,000
$799,000
-6% Price Drop
Initial Listing
Jun 3, 2026
$799,000
$825,000
-3% Price Drop
Initial Listing
May 19, 2026
$825,000
Initial Listing
Jan 16, 2026
$799,000
Public Record
Mar 4, 2025
$529,000
Public Record