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1718 Crofton Ln - Crofton Lane 4 Unit Apartment Building Offered at $2,203,014 CAD at a 4.80% Cap Rate Escondido, CA 92027
Executive Summary
Updated fourplex for sale in Escondido featuring four spacious 2-bedroom, 2-bath units, each approximately 900 square feet. The property has undergone recent renovations, including luxury vinyl plank flooring and new windows, offering a modern, low-maintenance living environment for tenants. Ownership has also replaced all grass with astroturf, significantly reducing utility and landscaping costs—an attractive benefit for investors seeking stronger cash flow. Situated on a large corner lot, the property provides generous shared outdoor space for tenants. Additional amenities include reserved carport parking, ample street parking, and on-site coin-operated laundry facilities. Unit 1724 is currently vacant by design, presenting an excellent opportunity for an owner-occupant or to lease at market rent and maximize income potential.
Property Facts
| Price | $2,203,014 CAD | Apartment Style | Garden |
| Price Per Unit | $550,753 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 3,584 SF |
| Cap Rate | 4.80% | Average Occupancy | 75% |
| Gross Rent Multiplier | 14.6 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1964/2021 |
| Property Type | Multifamily |
| Price | $2,203,014 CAD |
| Price Per Unit | $550,753 CAD |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.24 AC |
| Building Size | 3,584 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2021 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $3,211 CAD | 896 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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KC West Real Estate
1718 Crofton Ln - Crofton Lane
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