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Crofton Lane 1718 Crofton Ln 4 Unit Apartment Building $2,181,960 CAD ($545,490 CAD/Unit) 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 | $2,181,960 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $545,490 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.80% | Building Size | 3,584 SF |
| Gross Rent Multiplier | 14.6 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2021 |
| Property Subtype | Apartment | ||
| Zoning | R-3-18 - Residential Multi-Family Zoning | ||
| Price | $2,181,960 CAD |
| Price Per Unit | $545,490 CAD |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,584 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2021 |
| Zoning | R-3-18 - Residential Multi-Family Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $3,181 CAD | 896 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 231-311-17 | Improvements Assessment | $325,767 CAD |
| Land Assessment | $1,554,805 CAD | Total Assessment | $1,880,572 CAD |
Property Taxes
Parcel Number
231-311-17
Land Assessment
$1,554,805 CAD
Improvements Assessment
$325,767 CAD
Total Assessment
$1,880,572 CAD
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Crofton Lane | 1718 Crofton Ln
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