1401 W El Norte Pkwy Spc 73 · San Marcos, CA 92069

$360,000

2 bd · 2.0 ba · 1,200 sqft · Manufactured public records · 107 Days on market

Built 1969 46 ac lot $300/sqft · at area comps Est $375k · at est. $222/mo HOA · 7% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.1/30.0
• ARV discount +9.3/15.0
• Schools +5.4/10.0
• DSCR +3.9/10.0
• Livability +3.9/5.0
• 1% rule +3.6/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE IMPROVEMENT!!! EXTREMELY MOTIVATED SELLERS!! This home in Madrid Manor is STUNNING. Taken down to the studs and remodeled in 2020. NO SPACE RENT 55+ community. This light and bright, meticulously maintained 2/2 home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous bathrooms, new shutters throughout. The beautiful private cabana view relaxation/entertaining area is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

Key facts

• Ss appliances
• New shutters
• En suite bathrooms

Tags

• REMODELED HOME
• QUARTZ KITCHEN COUNTER TOPS
• SS APPLIANCES
• LUXURY VINYL FLOORING
• EN SUITE BATHROOMS
• NEW SHUTTERS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $360k.

Deal economics

• At list price, monthly cash flow is $-14 ($-163/yr) — negative.
• To cash-flow at today's rent, offer at most $358k (0.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $310k (13.8% below list).
• Recommended offer: $310k (13.8% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 2.5% in San Marcos — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#80 in CA, #3,074 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety D+, cost of living F.
• San Marcos Unified (suburban): math 52% / reading 67% proficiency, ranked #249 of 1,400 in CA (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Richland Elementary (823 students, 32% FRL); Woodland Park Middle (1,183 students, 43% FRL); Mission Hills High (2,893 students, 44% FRL).
• Market conditions: Rents flat; 116 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• This rent runs 38% of the median local income ($97k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($328k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y ago; this cycle's ask has dropped $65k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $310,240 (13.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.16%
• DSCR: 0.99
• GRM: 9.7

CMA / ARV

• ARV (median comp): $375,000
• List price: $360,000
• Delta: -4.00%
• Verdict: FAIR
• Comps: 15 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1401 W El Norte Pkwy Spc 309	0.00mi	2/2.0	1,152 (-4%)	1mo	$442,900	$384	93
1401 El Norte Pkwy #217	0.00mi	2/2.0	1,248 (+4%)	10mo	$339,500	$272	85
1401 El Norte Pkwy Spc 274	0.00mi	2/2.0	1,250 (+4%)	18mo	$410,000	$328	78
1401 El Norte Pkwy #57	0.00mi	2/2.0	1,368 (+14%)	2mo	$287,000	$210	75
1719 Kiwi Gln	0.49mi	2/2.0	1,248 (+4%)	2mo	$420,000	$337	69
1401 El Norte Pkwy #9	0.00mi	2/2.0	1,368 (+14%)	9mo	$345,000	$252	69
1401 El Norte Pkwy #15	0.00mi	2/2.0	1,368 (+14%)	18mo	$286,500	$209	62
971 Borden Rd #117	0.68mi	2/2.0	1,248 (+4%)	11mo	$225,000	$180	52
971 Borden Rd #9	0.68mi	2/2.0	1,152 (-4%)	14mo	$245,000	$213	50
1627 Toyon	0.59mi	2/2.0	1,344 (+12%)	9mo	$450,000	$335	45
1621 Desert Gln	0.56mi	2/2.0	1,056 (-12%)	17mo	$333,000	$315	40
971 Borden Rd #66	0.68mi	2/2.0	1,368 (+14%)	16mo	$231,000	$169	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.55% rent growth · sell at horizon

5-year hold

• IRR: -19.3%
• Equity multiple: 0.34×
• Total profit: $-66,631
• Equity at exit: $53,677

10-year hold

• IRR: -18.0%
• Equity multiple: 0.13×
• Total profit: $-88,167
• Equity at exit: $31,126

Cash invested: $100,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92069

• Rents YoY: 0.6%
• Active inventory: 116
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $3,102 high
• Mortgage (P&I): −$1,888
• Tax from tax record: −$205 /mo · $2,455/yr
• Insurance: −$150
• HOA: −$222
• Vacancy / Maint / Mgmt: −$652
• Net cashflow: $-14

Break-even live

Break-even rent $3,120

Max offer price $357,607

Occupancy floor 95%

Sensitivity live

Price	-10% $190	-5% $88	+0% $-14	+5% $-115	+10% $-217
Rent	-10% $-259	-5% $-136	+0% $-14	+5% $109	+10% $232
Rate	-1.0pp $168	-0.5pp $78	base $-14	+0.5pp $-107	+1.0pp $-202

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $90,000
• Closing costs: $10,800
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
975 Woodland Pkwy San Marcos, CA	1.0–2.0	1.0–2.0	755	$3,275	$4.33	0d	1	0.18mi
1920 Edith Dr Escondido, CA	2.0	2.0	1330	$3,699	$2.78	0d	1	0.42mi
909 Richland Rd #89 San Marcos, CA	2.0	2.0	1440	$2,800	$1.94	45d	1	0.74mi
452 Lynwood Ln San Marcos, CA	3.0	2.0	1000	$3,250	$3.25	45d	1	0.79mi
218 Woodland Pkwy #146 San Marcos, CA	2.0	2.0	908	$2,900	$3.19	45d	1	1.09mi
220 Woodland Pkwy #250 San Marcos, CA	1.0	1.0	700	$3,500	$5.00	45d	1	1.09mi
1113 Privet St San Marcos, CA	2.0	2.0	1008	$2,595	$2.57	26d	1	1.12mi
1898 Matin Cir #189 San Marcos, CA	2.0	2.0	1001	$3,195	$3.19	45d	1	1.20mi
131 Avenida Chapala #105 San Marcos, CA	3.0	2.5	1379	$3,425	$2.48	1d	1	1.21mi
131 Avenida Chapala #105 San Marcos, CA	3.0	2.5	1379	$3,425	$2.48	3d	1	1.21mi
852 Avenida Ricardo San Marcos, CA	1.0–2.0	1.0–2.0	784	$2,724	$3.47	0d	12	1.22mi
823 Nordahl Rd San Marcos, CA	1.0–3.0	1.0–2.0	887	$2,818	$3.18	1d	1	1.33mi
1051 W El Norte Pkwy Escondido, CA	1.0–2.0	1.0–2.0	800	$2,561	$3.20	0d	6	1.39mi
2000 Montego Ave Escondido, CA	1.0–2.0	1.0–2.0	890	$2,326	$2.61	0d	1	1.42mi
772 Vineyard Rd Unit 772 San Marcos, CA	2.0	1.0	861	$2,600	$3.02	45d	1	1.49mi

HOA detail

• Monthly dues: $222 · $2,664/yr
• Likely covers: poolgym

Listing history 25 events

1. 2026-05-16
   status Pending 1094-char remark

   Show marketing remark (1094 chars)

   PRICE IMPROVEMENT!!! EXTREMELY MOTIVATED SELLERS!! This home in Madrid Manor is STUNNING. Taken down to the studs and remodeled in 2020. NO SPACE RENT 55+ community. This light and bright, meticulously maintained 2/2 home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous bathrooms, new shutters throughout. The beautiful private cabana view relaxation/entertaining area is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

2. 2026-04-24
   price $360,000 1094-char remark

   Show marketing remark (1094 chars)

   PRICE IMPROVEMENT!!! EXTREMELY MOTIVATED SELLERS!! This home in Madrid Manor is STUNNING. Taken down to the studs and remodeled in 2020. NO SPACE RENT 55+ community. This light and bright, meticulously maintained 2/2 home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous bathrooms, new shutters throughout. The beautiful private cabana view relaxation/entertaining area is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

3. 2026-04-20
   price $389,000 1094-char remark

   Show marketing remark (1094 chars)

   PRICE IMPROVEMENT!!! EXTREMELY MOTIVATED SELLERS!! This home in Madrid Manor is STUNNING. Taken down to the studs and remodeled in 2020. NO SPACE RENT 55+ community. This light and bright, meticulously maintained 2/2 home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous bathrooms, new shutters throughout. The beautiful private cabana view relaxation/entertaining area is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

4. 2026-04-18
   price $389,900 1094-char remark

   Show marketing remark (1094 chars)

   PRICE IMPROVEMENT!!! EXTREMELY MOTIVATED SELLERS!! This home in Madrid Manor is STUNNING. Taken down to the studs and remodeled in 2020. NO SPACE RENT 55+ community. This light and bright, meticulously maintained 2/2 home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous bathrooms, new shutters throughout. The beautiful private cabana view relaxation/entertaining area is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

5. 2026-03-28
   price $399,000 1094-char remark

   Show marketing remark (1094 chars)

   PRICE IMPROVEMENT!!! EXTREMELY MOTIVATED SELLERS!! This home in Madrid Manor is STUNNING. Taken down to the studs and remodeled in 2020. NO SPACE RENT 55+ community. This light and bright, meticulously maintained 2/2 home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous bathrooms, new shutters throughout. The beautiful private cabana view relaxation/entertaining area is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

6. 2026-02-19
   price $410,000 1094-char remark

   Show marketing remark (1094 chars)

   PRICE IMPROVEMENT!!! EXTREMELY MOTIVATED SELLERS!! This home in Madrid Manor is STUNNING. Taken down to the studs and remodeled in 2020. NO SPACE RENT 55+ community. This light and bright, meticulously maintained 2/2 home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous bathrooms, new shutters throughout. The beautiful private cabana view relaxation/entertaining area is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

7. 2026-01-29
   listed $425,000 Active 1094-char remark

   Show marketing remark (1094 chars)

   PRICE IMPROVEMENT!!! EXTREMELY MOTIVATED SELLERS!! This home in Madrid Manor is STUNNING. Taken down to the studs and remodeled in 2020. NO SPACE RENT 55+ community. This light and bright, meticulously maintained 2/2 home boasts quartz kitchen counter tops, SS appliances, Luxury Vinyl flooring, gorgeous bathrooms, new shutters throughout. The beautiful private cabana view relaxation/entertaining area is an added bonus. This well-maintained residence is ideally located near major freeways, providing easy access throughout North County, and just minutes from shopping, dining, and everyday essentials. Residents enjoy an impressive suite of community amenities, including: • Sparkling pool and spa • Expansive clubhouse for gatherings and events • Quiet library for reading or work-from-home needs • Fully equipped fitness center • Pickleball courts for active living • Charming miniature golf area for all ages Whether you’re seeking an active lifestyle, a strong sense of community, or unbeatable proximity to conveniences, Space 73 delivers it all.

8. 2023-01-09
   soldstatus $415,000 Sold 426-char remark

   Show marketing remark (426 chars)

   This beautiful home has been completely remodeled. The kitchen has gorgeous white quartz countertops, brand new cabinets and stainless steel appliances. Luxury plank vinyl flooring through out living spaces spacious living room with wonderful natural lighting. Both bedrooms have access to bathrooms directly. A private porch leading to a lovely patio. Conveniently located in the highly sought afterMadrid Manor. A 55+ park.

9. 2023-01-09
   soldstatus $415,000

   Show marketing remark (426 chars)

   This beautiful home has been completely remodeled. The kitchen has gorgeous white quartz countertops, brand new cabinets and stainless steel appliances. Luxury plank vinyl flooring through out living spaces spacious living room with wonderful natural lighting. Both bedrooms have access to bathrooms directly. A private porch leading to a lovely patio. Conveniently located in the highly sought afterMadrid Manor. A 55+ park.

10. 2022-12-13
    status Pending 426-char remark

    Show marketing remark (426 chars)

    This beautiful home has been completely remodeled. The kitchen has gorgeous white quartz countertops, brand new cabinets and stainless steel appliances. Luxury plank vinyl flooring through out living spaces spacious living room with wonderful natural lighting. Both bedrooms have access to bathrooms directly. A private porch leading to a lovely patio. Conveniently located in the highly sought afterMadrid Manor. A 55+ park.

11. 2022-11-12
    price $415,000 426-char remark

    Show marketing remark (426 chars)

    This beautiful home has been completely remodeled. The kitchen has gorgeous white quartz countertops, brand new cabinets and stainless steel appliances. Luxury plank vinyl flooring through out living spaces spacious living room with wonderful natural lighting. Both bedrooms have access to bathrooms directly. A private porch leading to a lovely patio. Conveniently located in the highly sought afterMadrid Manor. A 55+ park.

12. 2022-11-11
    status Active 426-char remark

    Show marketing remark (426 chars)

    This beautiful home has been completely remodeled. The kitchen has gorgeous white quartz countertops, brand new cabinets and stainless steel appliances. Luxury plank vinyl flooring through out living spaces spacious living room with wonderful natural lighting. Both bedrooms have access to bathrooms directly. A private porch leading to a lovely patio. Conveniently located in the highly sought afterMadrid Manor. A 55+ park.

13. 2022-11-01
    historical 426-char remark

    Show marketing remark (426 chars)

    This beautiful home has been completely remodeled. The kitchen has gorgeous white quartz countertops, brand new cabinets and stainless steel appliances. Luxury plank vinyl flooring through out living spaces spacious living room with wonderful natural lighting. Both bedrooms have access to bathrooms directly. A private porch leading to a lovely patio. Conveniently located in the highly sought afterMadrid Manor. A 55+ park.

14. 2022-10-12
    price $429,900 426-char remark

    Show marketing remark (426 chars)

    This beautiful home has been completely remodeled. The kitchen has gorgeous white quartz countertops, brand new cabinets and stainless steel appliances. Luxury plank vinyl flooring through out living spaces spacious living room with wonderful natural lighting. Both bedrooms have access to bathrooms directly. A private porch leading to a lovely patio. Conveniently located in the highly sought afterMadrid Manor. A 55+ park.

15. 2022-09-12
    listed $434,900 Active 426-char remark

    Show marketing remark (426 chars)

    This beautiful home has been completely remodeled. The kitchen has gorgeous white quartz countertops, brand new cabinets and stainless steel appliances. Luxury plank vinyl flooring through out living spaces spacious living room with wonderful natural lighting. Both bedrooms have access to bathrooms directly. A private porch leading to a lovely patio. Conveniently located in the highly sought afterMadrid Manor. A 55+ park.

16. 2022-05-02
    soldstatus $247,000 Closed Sale
17. 2022-05-02
    soldstatus $147,000
18. 2022-04-11
    status Pending Sale
19. 2022-01-06
    listed $260,000 Active
20. 2015-08-06
    soldstatus $130,000 Sold
21. 2015-08-06
    soldstatus $130,000
22. 2015-07-30
    status Pending
23. 2015-07-14
    listed $145,000 Active
24. 1989-05-02
    soldstatus $30,000
25. 1985-12-30
    soldstatus $22,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $2,455 · $205/mo
• Projected year-2 tax: $2,736 · $228/mo
• Expected delta: +$281/yr (+$23/mo · 11.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥97°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,229
• − Mortgage interest: −$20,166
• − Property taxes: −$2,455
• − Insurance: −$1,800
• − Repairs & maintenance: −$2,978
• − Management: −$2,978
• − HOA: −$2,664
• − Depreciation: −$10,473
• Taxable loss: −$6,285
• Est. tax savings @ 24.0%: +$1,508
• After-tax cash flow: $1,346/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: San Marcos Unified
• NCES district ID: 0634880
• Math proficiency: 52% ▲ 1.00%
• Reading proficiency: 67% ▲ 2.00%
• Median HH income: $64,752
• Composite: 53.67/100
• National rank: #3093
• State rank: #249 of 1400 in CA

Livability — San Marcos

• Score: 77/100
• State rank: #80
• US rank: #3074

Category grades

Amenities A+ Commute A+ Cost of living F Crime A- Employment A+ Housing B Health & safety D+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Marcos, CA
• County: San Diego County · 3,178,799 people
• City population: 100,940
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 47,335
• Household income: $96,771
• Rent vs Own: 43.9% rent · 56.1% own
• Severe rent burden: 2399.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 46% White 36% Two or more races 20% Asian 11% Native American 1% Black 1%
• Hispanic origin (detail): Mexican 41%
• Common ancestry: Lithuanian 2% Romanian 2% Portuguese 2%
• Foreign-born: 26% · Canada, China, Vietnam
• Languages at home: 57% English-only · Spanish 32% Tagalog/Filipino 2% Other Asian/Pacific 2%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -522.69%
• Current HPI: 376.182
• Rent YoY: ▲ 0.55%
• Metro: San Diego-Chula Vista-Carlsbad, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+1500.0% since first listed

25 events — show timeline

• 2026-05-16 Pending — SDMLS
• 2026-04-24 Price Changed $360,000 SDMLS
• 2026-04-20 Price Changed $389,000 SDMLS
• 2026-04-18 Price Changed $389,900 SDMLS
• 2026-03-28 Price Changed $399,000 SDMLS
• 2026-02-19 Price Changed $410,000 SDMLS
• 2026-01-29 Listed $425,000 SDMLS
• 2023-01-09 Sold (Public Records) $415,000 Public Records
• 2023-01-09 Sold (MLS) $415,000 SDMLS
• 2022-12-13 Pending — SDMLS
• 2022-11-12 Price Changed $415,000 SDMLS
• 2022-11-11 Relisted — SDMLS
• 2022-11-01 Listing Removed — SDMLS
• 2022-10-12 Price Changed $429,900 SDMLS
• 2022-09-12 Listed $434,900 SDMLS
• 2022-05-02 Sold (Public Records) $147,000 Public Records
• 2022-05-02 Sold (MLS) $247,000 CRMLS
• 2022-04-11 Pending — CRMLS
• 2022-01-06 Listed $260,000 CRMLS
• 2015-08-06 Sold (Public Records) $130,000 Public Records
• 2015-08-06 Sold (MLS) $130,000 SDMLS
• 2015-07-30 Pending — SDMLS
• 2015-07-14 Listed $145,000 SDMLS
• 1989-05-02 Sold (Public Records) $30,000 Public Records
• 1985-12-30 Sold (Public Records) $22,500 Public Records

Property tax history

+10.2%/yr

Latest (2025): $2,455 · +2.2% YoY. Source: county tax records.