731-41 North Alda Drive

San Marcos, CA 92069

$1,875,000
Price
Beds
5,148 Sq. Ft.
$364 / Sq. Ft.
5,148
Sq. Ft.
$364
per Sq. Ft.

Description

An excellent investment opportunity in a quiet back San Marcos corner. This opportunity consists of three duplexes, totaling six units - off the beaten path. Each unit has two bedrooms, one bath, an in-unit washer/dryer spot, a private fenced yard, kitchen appliances and off-street parking. Attract quality tenants with the amenities and location as this property is close to Mission Hill High School, several parks, shopping, Sprinter Railway Station, San Marcos Civic Center and more. Close enough...An excellent investment opportunity in a quiet back San Marcos corner. This opportunity consists of three duplexes, totaling six units - off the beaten path. Each unit has two bedrooms, one bath, an in-unit washer/dryer spot, a private fenced yard, kitchen appliances and off-street parking. Attract quality tenants with the amenities and location as this property is close to Mission Hill High School, several parks, shopping, Sprinter Railway Station, San Marcos Civic Center and more. Close enough to the 78 to get anywhere timely, but far enough away to not have the noise impact the lives of residents!
  1. Listed by Frank McLin • DRE #00924501 • Brokerage DRE #01151853 • Heartland Real Estate • frank@heartlandre.com

Property Details for 731-41 North Alda Drive

Parking Spaces Total
15
Total Units
6.0
Lot Size Source
Assessor
Lot Size Dimensions
149' x 151' x 147' x 151'
Building Area Total
5148
Building Area Units
Square Feet
Stories Total
1
Entry Level
1

Location

Listing Courtesy of Heartland Real Estate, Frank McLin, DRE #00924501
Add your commute
LISTING UPDATED: 04/20/2024 09:33 AM

Property Details for 731-41 North Alda Drive

StatusPending
MLS #PTP2400913
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1973
Lot Size0.58 AC / 25,264 SF
CountySan Diego County

Location

Listing Courtesy of Heartland Real Estate, Frank McLin, DRE #00924501
Add your commute

Building Information for 731-41 North Alda Drive

Stories1Residences-Year Built1973Building Size-Lot Size0.58 AC / 25,264 SF

Payment Calculator

$10,233 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,233

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 731-41 North Alda Drive

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $118,140
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $75,039
  • Cap Rate: 3.85
Expense Details
  • Operating Expense: $39,557
  • Expense Year: $2,023
  • Insurance Expense: $5,600
  • Maintenance Expense: $2,400
  • Professional Management Expense: $7,968
  • Trash Expense: $3,696
  • Water Sewer Expense: $5,380
  • Real Estate Tax Expense: $14,163
  • Total Expenses: $39,557
Tax / Assessment Info
  • Tax Year: 2023
  • Tax Annual Amount: $0
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Closet, Inside, Washer Hookup, Gas Dryer Hookup
Exterior Features
  • Construction Materials: Stucco
  • Roof: Composition, Shingle
  • Fence: Yes
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Sloped Down, Gentle Sloping, Lot 20000-39999 Sqft, No Landscaping, Sprinklers None, Utilities - Overhead, Yard
  • Current Use: Multi-Family
  • Sprinklers: No
  • Topography: Gentle Slope down from access street.
  • Utilities: Cable Available, See Remarks, Electricity Connected
  • Electric: Electricity - On Property, Standard
Parking Info
  • Uncovered Spaces: 9
  • Carport Spaces: 6
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $4,350
  • Unit Type Pro Forma: 8100
  • Unit Type Type: 1
  • Unit Type Description: 2 bedroom, 1 bath
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,210
  • Unit Type Total Rent: $1,210
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 2
  • Unit Type Description: 2 Bedroom, 1 Bath
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,560
  • Unit Type Total Rent: $1,560
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
  • Unit Type Description: 2 Bedroom, 1 Bath
Unit Information
  • Number Of Units Leased: 6
  • Number Of Buildings: 3

Property History for 731-41 North Alda Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 731-41 North Alda Drive

This home is within San Marcos Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Twin Oaks Elementary School
PublicK to 5

Woodland Park Middle School
Public6 to 8

Mission Hills High School
Public9 to 12

Twin Oaks High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Heartland Real Estate, Frank McLin, DRE #00924501

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