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Escondido 4-Plex with Garages

$1,285,000

355 Lansing Circle, Escondido, CA 92025

Active
Last Updated: 04/11/2025

72,622

NOI

5.7

Pro Forma Cap Rate

Details:
NOI:    $72,622
Pro Forma Cap Rate :    5.7%
Building Size:    3,504 sqft
Lot Area:    8,313 sqft
Occupancy:    100%
Units:    4
GRM:    12
Average Room Size:    875 sqft
Year Built:    1964
Price Per Sqft:    $366.72
Price Per Unit:    $321,250
Year Last Renovated:    2022
Highlights:
  • Large Approx. 875 SQ Ft 2 Bedrooms
  • 4 Garages
  • ADU Potential
  • Rental Upside
  • Oppportunity Zone
Description:

Now available: 355 Lansing Circle, a well-maintained 4-unit property located in the rapidly evolving North County San Diego community of central Escondido. Each unit is a spacious 2 bed / 1 bath, approximately 875 sq ft, offering strong tenant appeal and stable income.

Every rental includes a large single-car garage, with potential to convert one or more into ADUs—a trend already happening in the neighborhood (buyer to verify). The building features a dedicated laundry room with coin-operated machines, plus an owner storage room for added convenience.

Located in a unique HOA community of sixteen 4-plexes, with the HOA covering landscaping, trash, and an on-site manager—ideal for hands-off ownership. Situated in a high-demand rental area with value-add potential through ADU conversion or interior upgrades.

Can be purchased individually or with nearby 4-plex at 340 Lansing Circle.

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