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Listing 10 out of 12
$6,800,000 For Sale

240-260 S Rancho Santa Fe Road
San Marcos, CA 92078

23 units | Multi Family 5+ - MLS# 190016509
Property Photo
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Description

We are pleased to present Shane Park Plaza, a new construction mixed-use community located in San Marcos, California. Completed in 2018, Shane Park Plaza consists of a gated community of 23 residential units on floors 2 and 3, with 6,028 square feet of six commercial retail condominium suites on the first floor. The commercial space is not a part of this offering. Shane Park Plaza is a newly constructed complex situated in the growing San Marcos rental market with walkable proximity to schools, shopping and amenities. The well-designed, high quality architecture, large floor plans and walkable San Marcos location makes this a prime investment opportunity. Please download the offering memorandum (under documents) to learn more about this opportunity.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92078
  • Age: 2018
  • Stories: 3 Story
  • Units: 23 units
  • # Units w/Dishwashers: 23
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Bedrooms (1): 1
  • # of Bedrooms (2): 1
  • # of Buildings: 2
  • # of Stories: 3
  • # of Units (1): 19
  • # of Units (2): 4
  • # of Units w/Disposals: 23
  • # of Units w/Drapes: 23
  • # of Units w/Ranges: 23
  • # of Units w/Refrigerator: 23
  • Actual Gross Schd Income: 469020
  • Actual Operating Expense: 155691
  • Amenities: BBQ, Clubhouse, Elevator, Exercise Room
  • Cap Rate Actual: 4.4
  • Cap Rate Projected: 4.6
  • Construction: Stucco
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Floors: Slab
  • Gross Equity: 2700000
  • Listing Area: SAN MARCOS (92078)
  • Lot Size Area: .5 through .75 Acres
  • Lot SqFt: 30500
  • Monthly Rent Total: 38151
  • Parking: Carports, 35-Car
  • Proj Gross Multiplier: 14.8
  • SqFt Source: Buyer to Verify
  • SqFt of Improvement: 15882
  • Unit Rent (1): 1642
  • Unit Rent (2): 1738
  • Unit Rent Total (1): 31201
  • Unit Rent Total (2): 6950
  • Unit Type: Apartment
Courtesy of Eric D. Comer, Broker

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