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PENDING
1718 Crofton Ln, Escondido, CA 92027
8
beds
8
baths
· 10498
ft2 lot
$1,250,000
Listing provided courtesy of Lyle Anderson, Realty ONE Group.
Source CRMLS.
This building has everything you look for to make it a Solid investment property. This recently painted 4 unit building is in a prime rental neighborhood. (Location) Strong rents now effective April 1st 2021. (Cashflow) Rehabbed interiors boast granite counters with newer cabinets. Units have laminate & tile floors, and updated bathroom fixtures. (Low Maintenance) There is on site coin laundry, covered tenant parking, and a large fenced yard for the tenants to enjoy. (Stability) Looking to maximize your ROI. This building makes that happen. 2 bedroom 2 bath units are scarce. As you know tenants value the extras. Extras like a large full fenced yard, assigned covered parking, and on site laundry center. Crofton is a low traffic street with a great Escondido location. A perfect spot to park your up leg 1031 funds. Sellers have a trusted manager who lives close by. He knows the area well and is interested in staying on. All 4 units are rented and all 4 tenants are current on rent. GRM is $90,720 annual which includes $160 monthly laundry income. NOI is $79,104. Please download, Crofton Expense Statement & NOI 4.01.21, from Document icon under photo on MLS. Other Fees: 0 Unit # for Unit 1: 1718 Unit # for Unit 2: 1720 Unit # for Unit 3: 1722 Unit # for Unit 4: 1724 Number of Furnished Units: 0
HOA
$—/month
On market
3 months
Year built
1964
Property type
Multi-Family
Parking
MLS
200050314
Price / Sq.Ft.
ft2
Status
Pending
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Property Details
Interior Features & Layout
Heating & Cooling
•   
Cooling Details: Wall/Window Unit(s)
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: R-3:RESTRI
•   
Roof: Composition
•   
Stories Total: 1
•   
Num Stories: One
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.2400
•   
Lot Size Area: 10498.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Listing Details, Costs & Financing Information
Lease Info
•   
Net Operating Income: 79104.00
Financial Info
•   
Cap Rate: 5.64
•   
Gross Scheduled Income: 90720.00
Tax/Assessment Info
•   
Tax Year: 2020
•   
Taxes: 4728.0
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1750.00
•   
Unit 3 Bathrooms: 2
Unit 2 Information
•   
Unit 2 Actual Rent: 1750.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Bathrooms: 2
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1590.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1750.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
Number With Refrigerator: 4
•   
# Of Units: 4
•   
Number With Range: 4
School Neighborhood & Directions
Location
•   
Other Subdivision Name: East Escondido
•   
Subdivision: East Escondido
School Info
•   
Directions: Washington to Aster to Crofton. CrossStreet: Aster
Other
Calculation
•   
Dom: 110
•   
Cdom: 110
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 11, 2021 8:04am
Neighborhood snapshot
27
Properties for sale
6
Median days on market
$353.18
Median sold price/sqft
101.27%
Sold/List %
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Property History
03/08/2021
03/08/2021
CRMLS #200050314
pending
CRMLS #200050314
$1,250,000
12/29/2020
12/29/2020
CRMLS #200050314
active
CRMLS #200050314
$1,250,000
12/10/2020
12/10/2020
CRMLS #200050314
pending
CRMLS #200050314
$1,250,000
10/30/2020
10/30/2020
CRMLS #200050314
active
CRMLS #200050314
$1,250,000
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