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    1718-24 Crofton Ln

    Escondido, CA 92027
    • $1,250,000
    • STATUS: ACTIVE
    • ON SITE: 77 days
    • ID#: 200050314
    $1,250,000
    • 8
      BEDS
    • 0.24
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 3,584
      SQFT
    • $349
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    Description

    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. Projected figured with current AB1482 of 6.8%. (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. Owner occupants may choose to go with 10, 20, or more down conventional financing. 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 tenants are current on rent.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.callstein.com/homes/111494183
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    1718-24 Crofton Ln Escondido, CA 92027

    • Price: $1,250,000
    • Status: ACTIVE
    • ID#: 200050314
    8
    Beds
    8
    Baths
    0
    ½ Baths
    0.24
    Acres
    3,584
    SQFT
    $349
    $/SQFT
    1964
    Built
    Neighborhood:
    Vista Del Cerritos
    County:
    San Diego
    Area:
    Escondido (92027)
    Elementary School:
    Escondido Union School District
    Middle School:
    Escondido Union School District
    High School:
    Escondido Union High School District
    Property Description
    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. Projected figured with current AB1482 of 6.8%. (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. Owner occupants may choose to go with 10, 20, or more down conventional financing. 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 tenants are current on rent.
    Exterior Features

    Exterior Stucco Fencing Full Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

    Property Features

    Actual Cap Rate 5.56 Age Restrictions N/K Annual Expense Actual 12516 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community East Escondido Complex Park Vista Del Cerritos Cross Streets Aster Gross Rent Multiplier Actual 15.22 Gross Rent Multiplier Project 14.25 Gross Scheduled Income Actual 82080 Gross Scheduled Income Project 87660 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityWater Terms CashConventional Unit Number For Unit1 1718 Unit Number For Unit2 1720 Unit Number For Unit3 1722 Unit Number4 1724 Unit1 Deposit 1000 Unit1 Occupied Tenant Unit1 Projected Rent 1698.0 Unit1 Rent Actual 1590.0 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 1869.0 Unit2 Rent Actual 1750.0 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 1869 Unit3 Rent Actual 1750.0 Unit4 Deposit 1000 Unit4 Occupied Tenant Unit4 Projected Rent 1869 Unit4 Rent Actual 1750.0 Vacation Rental By Owner No Water District City Of Escondido Zoning R-3:Restri

    Listing provided courtesy of Realty One Group. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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