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340 Pleasant Way is a multifamily development opportunity located in central San Marcos. The property consists of a two-bedroom, one-bathroom single-family residence of approximately 725 square feet, built in 1940, situated on a 12,182 square foot lot. The property is zoned R-3-10, San Marcos' medium-density multifamily designation, which provides for development at 12.1 to 20 dwelling units per acre. The City has indicated a base potential of up to five residential units, with additional upside available through state density bonus provisions. True potential to maximize property and profit could be up to 6 townhomes and 2 ADUs. Zoning being flexible with alternative usage in San Marcos; potentially assisted living facility as an example. Buyer to get approved with City of San Marcos. This site represents a rare infill opportunity in a submarket defined by strong rental demand and limited supply of developable land. Neighboring parcels are already improved with multifamily product, and the location offers direct access to the State Route 78 corridor, Palomar College and California State University San Marcos. With favorable zoning in place, an existing residence capable of generating income throughout the entitlement period, and few comparable sites available in the submarket, 340 Pleasant Way should be valued as a development site rather than as a single-family home.

NDP2609564 MLS ⋅ Active Status

340 Pleasant Way, San Marcos

$995,000

Rare opportunity to own a true duplex in San Marcos. Each unit features 3 bedrooms, 2 bathrooms, approximately 1,146 square feet, private laundry, a 2-car garage, and a large backyard. The property sits on an oversized 14,761-square-foot (.34-acre) lot, giving both units plenty of outdoor space. With two spacious 3-bedroom units, separate garages, private yards, and a large lot, there is a lot to work with here. The location is another big plus. Palomar College and Cal State San Marcos are both nearby, along with the Sprinter, San Marcos Civic Center, shopping, restaurants, and everyday conveniences. Highways 78 and 15 are also easily accessible, making it convenient for commuters throughout North County and San Diego. Duplexes in San Marcos don't come on the market very often, especially with this combination of unit size, garages, yard space, and lot size. This is a solid opportunity for a buyer looking to add value and own a two-unit property in a convenient San Marcos location.

NDP2608891 MLS ⋅ Pending Status

406 410 Borden Road, San Marcos

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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