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Listed by Timothy Feuling, DRE #01946782 • Compass
$850,000
Est. payment /mo
0.28 Acres Lot
Active
340 Pleasant WAY San Marcos, CA 92069
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNDP2609564
Year Built 1940
Lot Size 0.280 Acres
Source California Regional MLS
Property Description
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, 34
Location
State CA
County San Diego
Area 92069 - San Marcos
Interior
Laundry Stacked Only
Exterior
Garage Spaces 10.0
Pool None
Others
Tax ID 2200810200
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