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  • MLS#: 250042715SD ( )
  • Street Address: 545 Woodward St
  • Viewed: 11
  • Price: $2,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1982
  • Bldg sqft: 0
  • Days On Market: 102
  • Additional Information
  • County: SAN DIEGO
  • City: San Marcos
  • Zipcode: 92069
  • Subdivision: San Marcos
  • Provided by: Acre Investment Real Estate
  • Contact: Bill Bill
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The offering at 545547 and 549551 Woodward Street in San Marcos presents a rare opportunity to acquire two contiguous duplex parcels in one of North Countys most desirable and stable rental markets. Built in 1982, each property features spacious 1,325 square foot, two bedroom, one bath units with large front and backyards, individual garages, and additional on site parking. The combined lot size totals over 18,800 square feet, with one parcel measuring 8,866 square feet and the other an oversized 9,985 square feet, providing ample outdoor space and potential for future redevelopment. The properties are in largely original condition, allowing an investor to capitalize on a true value add opportunity through interior and exterior improvements, modernized ?nishes, and upgraded amenities to increase rents and enhance overall asset value. Current average rents at 545 Woodward are approximately $2,590 per unit, while 549 Woodward averages $2,588 per unitwell below market levels for comparable renovated duplexes in the area.
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Features
Association Fee
  1. 0.00
Cooling
  1. None
Country
  1. US
Fencing
  1. Partial
Levels
  1. One
Netoperatingincome
  1. 88182.00
Parcel Number
  1. 2181615100/218161520
Park Name
  1. NA
Roof
  1. Composition
Sourcesystemkey
  1. 250042715:SDP
Subdivision Name Other
  1. San Marcos
Tenant Pays
  1. Electricity
  2. Gas
Views
  1. 11
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/snd/250042715
Year Built
  1. 1982