$603,000
SOLD JUL 14, 2017

343 Lansing Cir Escondido, CA 92025

Central Escondido Neighborhood
8 Beds
4 Baths
3,504 Sq Ft
7,096 Sq Ft Lot

Recently Sold

$172 Per Sq Ft

6% Below List Price

23 Days on Market

About This Home

As of May 2021

Welcome to this great investment opportunity! Centrally located in the Escondido neighborhood, this property features 1 building 4 units, all of which include a spacious garage. Each unit is well maintained and all have loyal tenants who would like to stay. Coin-operated laundry facility onsite. Great return! Great investment! Great cash on cash! Don't wait too long for this one! It won't last long!

Last Agent to Sell the Property

Richard Elias

Compass License #01104411 Listed on: 06/09/2017

Compass

Co-Listed By

Melissa Gutierrez

Pacific Sotheby's Int'l Realty License #01329108

Last Buyer's Agent

Melissa Gutierrez

Pacific Sotheby's Int'l Realty License #01329108

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

HOA Fees

  • $425 per month

Schools

  • Escondido Union School District Elementary And Middle School

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter

Additional Features

  • 2-Story Property
  • 7,096 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 229-311-06-00

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), trash pickup
  • 4 Units
  • Lansing Circle Association, Phone Number (760) 432-0587
  • Lansing Circle Community

Pet Policy

  • No Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $37,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

HOA Fees

$425 per month

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: N Hickory St.
  • Neighborhood: Lansing Circle
  • Stories: 2 Story
  • Sale Price List Price: 0.94
  • 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

Exterior Features

  • Exterior Material: Wood/Stucco

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Complex Name: Lansing Circle
  • Total Fees: 5100.0
  • Pets Allowed: No Pets Allowed
  • Community: SOUTHWEST ESCONDIDO
  • Complex Features: Laundry Facilities
  • Home Owner Association: Lansing Circle
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Trash Pickup
  • Home Owner Association Fee Reflects: Month
  • Home Owner Association Fees: 425.0
  • Home Owner Association Phone: 760 432-0587
  • Home Owner Association Payment Frequency: Monthly

Fee Information

  • Total Monthly Fees: 425

Schools

  • Elementary School: Escondido Union School District
  • Elementary School Website: https://eusd.org/
  • Middle School Url: https://eusd.org/
  • Middle School: Escondido Union School District

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 229-311-06-00
  • Land Use Code: 13
  • Estimated Lot Sq Ft: 7096
  • Map Code Column: J
  • Map Code Page: 1129
  • Map Code Row: 2

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 37440
  • Annual Expense Actual: 12000
  • Gross Rent Multiplier Actual: 14.4
  • Gross Sched Income Actual: 49440
  • Number Of Buildings: 1
  • Number Of Units With Garage: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

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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

    114 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: 170030095

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 $603,000, approximately $172 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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