$850,000
 $4,563 est/mo Sourced by Back At You

340 Pleasant Way,San Marcos, CA 92069

San Marcos, CA 92069

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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, 340 Pleasant Way should be valued as a development site rather than as a single-family home.

Details

MLS #NDP2609564
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1940
Days On Site18
Listing Provided ByCompass | Timothy Feuling

Features

SQ Feet725
Story(s)1
Units1
Building(s)1
ZoningR-3-10
Acreage0.28

Interior

Heating Yes / NoNo
Cooling Yes / NoNo
Fireplace Yes / NoNo

Exterior

Lot FeaturesNo Landscaping, Value In Land

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesSuburban

Area Information

StateCA
CountySan Diego
CitySan Marcos
Zip Code92069
Area92069 San Marcos
Listing VS Median (in 92069)
Price:
$850,000
low | high
Med:
$690,000
68.823529411765% of Average
sqft:
725
low | high
Med:
1,455
50.689655172414% of Average
$ / sqft:
$1,172
low | high
Med:
$474
100% of Average
On site:
18
low | high
Med:
65
27.692307692308% of Average
Sourced by Back At You

Market Activity 92069

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Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountySan Diego
CitySan Marcos
Zip Code92069
Area92069 San Marcos
Listing VS Median (in 92069)
Price:
$850,000
low | high
Med:
$690,000
68.823529411765% of Average
sqft:
725
low | high
Med:
1,455
50.689655172414% of Average
$ / sqft:
$1,172
low | high
Med:
$474
100% of Average
On site:
18
low | high
Med:
65
27.692307692308% of Average
Sourced by Back At You
Listing Updated: October 15, 2026 at 5:05:15 PM PDT