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Escondido 4-Plex with Extra Land

$1,295,000

340 Lansing Circle, Escondido, CA 92025

Active
Last Updated: 04/11/2025

73,495

NOI

5.7

Pro Forma Cap Rate

Details:
NOI:    $73,495
Pro Forma Cap Rate :    5.7%
Building Size:    3,592 sqft
Lot Area:    11,777 sqft
Occupancy:    100%
Units:    4
GRM:    11.8
Average Room Size:    875 sqft
Price Per Sqft:    $360.52
Price Per Unit:    $323,750
Parking Spots:    3
Year Last Renovated:    2022
Investment Strategy:    Value Add
Highlights:
  • All Spacious 875 sq ft 2 Bedrooms
  • Large Adjoining Parcel
  • ADU Potential
  • Rental Upside
  • High Demand Units
Description:

Now available: 340 Lansing Circle, a recently renovated 4-unit apartment complex featuring all large 2 bed / 1 bath units (approx. 875 sq ft each). Total building size is 3,592 sq ft, set on an expansive 11,777 sq ft lot.

Recent upgrades include vinyl plank flooring, granite counters, new vanities, cabinets, and more—making this a low-maintenance, high-appeal investment. The property includes a coin-operated laundry room and a massive 6,000 sq ft unused adjoining parcel, ideal for future development, ADUs, or added amenities (buyer to verify).

Located in a unique HOA community of sixteen 4-plexes. The HOA covers landscaping, trash, and an on-site manager—offering a streamlined ownership experience. Positioned in an Opportunity Zone, this asset brings strong income with long-term tax advantages.

Can be purchased individually or together with 4-plex at 355 Lansing Circle.

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