$686,000
SOLD FEB 1, 2019

351 Lansing Cir Escondido, CA 92025

Central Escondido Neighborhood
8 Beds
4 Baths
3,500 Sq Ft
1948 Built

Recently Sold

$196 Per Sq Ft

1% Below List Price

20 Days on Market

About This Home

As of April 2021

Extremely well-priced investment opportunity for sale. Four large two bedroom units, on-site coin-op laundry for added income, four 1 car garages and an assigned parking spot for each unit. HOA fees cover trash pickup, landscaping, general area maintenance and a community-oriented on-site property manager. Significant upside in rents and all tenants are month to month. Priced to sell. Bring offers.

Last Agent to Sell the Property

Alexander Kohl

South Coast Commercial, Inc. License #02024212 Listed on: 12/17/2018

South Coast Commercial, Inc.

Co-Listed By

Brendan Flynn

South Coast Commercial, Inc. License #01933302

Last Buyer's Agent

Benn Vogelsang

NorthMarq Multifamily License #01883437

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

HOA Fees

  • $450 per month

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • 2-Story Property
  • Sprinkler System
  • Heating System Uses Propane

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 229-311-07-00

Community Details

Overview

  • Association fees include common area maintenance, exterior (landscaping), trash pickup
  • 4 Units
  • Lansing 4 Plex Community

Building Details

  • Net Operating Income $31,255

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

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: N Hickory St
  • Neighborhood: Escondido
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1948
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Lansing 4-Plex
  • Total Fees: 5400.0
  • Community: SOUTHEAST ESCONDIDO
  • Home Owner Association Fee Includes: Common Area Maintenance, Exterior (Landscaping), Trash Pickup
  • 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

  • Irrigation: Sprinklers
  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 229-311-07-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 31255
  • Annual Expense Actual: 20544
  • Gross Rent Multiplier Actual: 13.0
  • Gross Sched Income Actual: 53400
  • 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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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
04/16/2021 04/16/21 Sold $1,176,000 -1.8% $336 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $1,198,000 0.0% $342 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $1,198,000 +74.6% $342 / Sq Ft
02/01/2019 02/01/19 Sold $686,000 -1.3% $196 / Sq Ft
01/07/2019 01/07/19 Pending -- -- --
12/17/2018 12/17/18 For Sale $695,000 -- $199 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benn Vogelsang

    Seller's Agent in 2021

    Benn Vogelsang

    NorthMarq Multifamily

    (415) 250-4947

    3 in this area

    104 Total Sales

    Benn Vogelsang
    Section Image

  • C

    Buyer's Agent in 2021

    Chuck Weller

    Century 21-Alpha

  • Toni Cieri

    Buyer's Agent in 2021

    Toni Cieri

    Berkshire Hathaway HomeService

    (858) 229-4911

    1 in this area

    16 Total Sales

    Toni Cieri
    Section Image
  • Alexander Kohl

    Seller's Agent in 2019

    Alexander Kohl

    South Coast Commercial, Inc.

    (619) 916-9179

    8 in this area

    19 Total Sales

    Alexander Kohl
    Section Image
  • Brendan Flynn

    Seller Co-Listing Agent in 2019

    Brendan Flynn

    South Coast Commercial, Inc.

    (339) 222-3361

    1 in this area

    41 Total Sales

    Brendan Flynn
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 180067749

San Diego MLS

APN: 229-311-07-00

California San Diego County Escondido 92025 Central Escondido

351 Lansing Cir, Escondido, CA

This home is located at 351 Lansing Cir, Escondido, CA 92025 and is currently priced at $686,000, approximately $196 per square foot. This property was built in 1948. 351 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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