$1,150,000
SOLD MAY 11, 2021

343 Lansing Cir Escondido, CA 92025

Central Escondido Neighborhood
8 Beds
4 Baths
3,500 Sq Ft
6,698 Sq Ft Lot

Recently Sold

$329 Per Sq Ft

4% Below List Price

84 Days on Market

About This Home

As of May 2021

343 Lansing Circle is a completely renovated 4 unit building in a small residential community in Escondido. The unit mix consists of 4 large 2 Bedroom / 1 Bath units each with a single car garage and additional parking space. There is on-site coin operated laundry. This turnkey deal has additional upside in the rents and an HOA of $450/month that covers trash, landscaping, common area maintenance and management.

Last Listed By

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 01/22/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

HOA Fees

  • $450 per month

Additional Features

  • 2-Story Property
  • 6,698 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 229-311-06-00

Community Details

Overview

  • 4 Units
  • Lansing Community

Building Details

  • Net Operating Income $55,404

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: Hickory
  • Neighborhood: Escondido
  • LP / Sq Ft: 20.51
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1964
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Condo/Co-op/Association

  • Complex Name: Lansing
  • Total Fees: 5400.0
  • Community: EAST ESCONDIDO
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 450.0
  • Home Owner Association Payment Frequency: Monthly

Fee Information

  • Total Monthly Fees: 450

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 229-311-06-00
  • Estimated Lot Sq Ft: 6698

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 55404
  • Annual Expense Actual: 23073
  • Annual Expense Projected: 23073
  • Gross Rent Multiplier Actual: 14.8
  • Gross Rent Multiplier Projected: 14.3
  • Gross Sched Income Actual: 80904
  • Gross Sched Income Projected: 84000
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Garage: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 158
  • Other Income Projected: 158.0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2023 05/11/23 Rented $2,299 0.0% --
03/27/2023 03/27/23 For Rent $2,299 0.0% --
05/11/2021 05/11/21 Sold $1,150,000 -4.0% $329 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $1,198,000 0.0% $342 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $1,198,000 +98.7% $342 / Sq Ft
07/14/2017 07/14/17 Sold $603,000 -5.8% $172 / Sq Ft
07/02/2017 07/02/17 Pending -- -- --
06/29/2017 06/29/17 For Sale $639,900 0.0% $183 / Sq Ft
06/09/2017 06/09/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $639,900 -- $183 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brian Y

    Wellsford Realty

    9 Total Sales

    Brian Y
    Section Image

  • K

    Seller Co-Listing Agent in 2023

    Kieu Tu

    Wellsford Realty

    (858) 812-7877

    Section Image
  • Brian Yui

    Buyer's Agent in 2023

    Brian Yui

    HouseRebate.com

    (760) 576-4580

    2 in this area

    37 Total Sales

    Brian Yui
    Section Image
  • Benn Vogelsang

    Seller's Agent in 2021

    Benn Vogelsang

    NorthMarq Multifamily

    (415) 250-4947

    3 in this area

    103 Total Sales

    Benn Vogelsang
    Section Image
  • Richard Elias

    Seller's Agent in 2017

    Richard Elias

    Compass

    (619) 672-2020

    115 Total Sales

    Richard Elias
    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Melissa Gutierrez

    Pacific Sotheby's Int'l Realty

See All Agents

Map

Source: San Diego MLS

MLS Number: 210001868

San Diego MLS

APN: 229-311-06-00

California San Diego County Escondido 92025 Central Escondido

343 Lansing Cir, Escondido, CA

This home is located at 343 Lansing Cir, Escondido, CA 92025 and is currently priced at $1,150,000, approximately $328 per square foot. This property was built in 1964. 343 Lansing Cir is a home located in San Diego County with nearby schools including Central Elementary School, Del Dios Academy of Arts & Sciences, and Escondido High School.

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