340 Pleasant Way, San Marcos, CA 92069
Local realty services provided by:ERA North Orange County Real Estate
340 Pleasant Way,San Marcos, CA 92069
$850,000
- 2 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: timothy feuling
Office: compass
MLS#:NDP2609564
Source:San Diego MLS via CRMLS
Price summary
- Price:$850,000
About this home
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....
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Home facts
- Listing ID #:NDP2609564
- Added:2 day(s) ago
- Updated:October 18, 2026 at 02:35 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
Finances and disclosures
- Price:$850,000
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