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502-514 E Barham Dr
San Marcos, CA 92078

The Avenue at San Marcos · Multifamily Property For Sale · 84 Units

Investment Highlights

  • Walking distance to California State University San Marcos
  • Highly renovated interior and exterior
  • Value add opportunity to build more units
  • Walking distance to Sprinter Station
  • Strong unit mix (62% 2BR/2BA)
  • Immediate freeway access

PROPERTY FACTS

No. Units 84
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 4.83 AC
Building Size 67,280 SF
No. Stories 2
Year Built 1988
Parking Ratio 2.91/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Views
  • Carpet

Site Amenities

  • Courtyard
  • Fitness Center
  • Picnic Area
  • Pool
  • Property Manager on Site
  • Spa
  • Tennis Court
  • Grill
  • Recycling
  • Bicycle Storage
  • Maintenance on site
  • Sundeck

About 502-514 E Barham Dr , San Marcos, CA 92078

The Avenue at San Marcos consists of a mix of one-bedroom (38%) and two-bedroom, two-bath (62%) floor plans. The property is brimming with resort-style amenities including a swimming pool, spa, tennis court, built-in barbecue center, fitness center, covered parking and lush landscaped grounds. The community offers quality construction in a desirable two-story design with very low density of just 17 units to the acre. The low density site would allow an owner to build 12-19 additional units to replace the tennis courts. The Avenue San Marcos is strategically located within walking distance to California State University San Marcos with an annual enrollment of 17,000 and the Sprinter Light Rail Station. Residents enjoy immediate freeway access Highway 78, providing connectivity to the major North County employment centers in Vista, Escondido and Oceanside. There are convenient retail and shopping destinations, all within a short driving distance from the property.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 32 $1,670 640
2+2 52 $2,011 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
220-250-38
Land Assessment
$11,142,684
Improvements Assessment
$16,026,359
Total Assessment
$27,169,043

zoning

Zoning Code R-3
R-3
  • Listing ID: 18559570

  • Date on Market: 2/18/2020

  • Last Updated:

  • Address: 502-514 E Barham Dr, San Marcos, CA 92078

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