340 Lansing Cir - Apartments FOR SALE


Escondido, CA 92025
$1,449,000 USD
858-729-3094
340 Lansing Cir, Escondido, CA for Sale
$1,449,000 USD
Apartments - FOR SALE
1/11
null | 4.95% Cap Rate

340 Lansing Cir
Escondido, CA 92025


HIGHLIGHTS

  • Large 875 Sq Ft 2Bd/1Ba Units
  • Significant Rental Upside
  • 4 Garages
  • Possible ADU Conversion
  • High Demand Apartments
  • Located in an Opportunity Zone

OVERVIEW

Large 2 bedroom/1 bath units (approx 875 sq ft each) in a rapidly gentrifying, quiet, unique HOA community of sixteen 4-plexes. All the units were rehabbed over the last few years. Tenants move in and almost never leave. Significant upside on the rents. Large unused yard area of over 6,000 sq ft for potential adding one or more ADUs. The building has its own laundry room with coin operated washer/dryer. The HOA pays for common area landscape/maintenance, trash, and an onsite manager. Located in an opportunity zone. Property can be purchased individually or with another 4-plex at 355 Lansing Circle.

FOR SALE DETAILS

PRICE

$1,449,000 USD

PRICE/SF

$403 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,250

CAP RATE

4.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,701 SF

ZONING

R-3

APN/PARCEL ID

229-311-13

ASK ABOUT THIS PROPERTY

Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

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Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.