Multifamily & Investment Sales D: 619.323.8680 Weston@PacificCoastCommercial.com Lic. 02013338

Office 619 469 3600 10721 Treena St., Suite 200 San Diego, CA 92131 www.PacificCoastCommercial.com Lic. 01209930

4 UNITS - FULLY RENOVATED in 2020

MULTIFAMILY OPPORTUNITY 366-368 W San Marcos Blvd, San Marcos, CA 92069

LOCATION & MARKET OVERVIEW

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THE SUSAN 366-368 W San Marcos Blvd, San Marcos, CA 92069

PROPERTY OVERVIEW & INVESTMENT SUMMARY

FEATURES & FLOORPLAN

INTERIOR PHOTOS

INVESTMENT HIGHLIGHTS

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INVESTMENT HIGHLIGHTS

PROPERTY OVERVIEW

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366-368 W San Marcos Blvd

Parcel Number 220-150-10

Units 4

Property Size +/-4,338 SF (+/-10,717 SF Lot)

Year Built 1993

Fully Renovated 2020

Price $1,995,000

This asset has the opportunity to obtain sub 3% interest

rates by adding points up front. A great opportunity for

any long term investor who is looking to capitalize on

historically low interest rates.

RUBS are incorporated in each individual lease.

Per the Leases 90% of utilities including Water/Sewer,

Trash, Pest Control, Electric and Gas are charged backed

to the tenant.

Just completed, fully renovated in 2020 with approx. 50k

in renovations per unit. Ask the listing agent for the

Matterport scans.

INVESTMENT ANALYSIS — 366-368 W SAN MARCOS BLVD

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# Units Address City Zip

4 366-368 San Marcos Blvd San Marcos 92069

Price GRM CAP Rate

$/Unit

Current Market Current Market

$1,995,000 17.2 16.1 3.8% 4.2% $498,750

$/Square Foot Gross Sq. Ft. Parcel Size Year Built

(Approx.) (Approx.) (Approx.) (Approx.)

$459.89 4,338 10,717 1993

Income Detail Estimated Annual Operating Expenses

# Units Type Rent Total

Estimated Actual Average Rents Management (On Site)

Management (Off Site) $6,228

Unit # 101 3Br/2Ba $2,450 $2,450 Licenses & Fees $1,000

Unit # 102 3Br/2Ba $2,445 $2,445 Utilities (90% RUBS) $719 Miscellaneous $1,700

Unit # 201 3Br/2Ba $2,295 $2,295 Landscaping $1,200 Reserves $0

Unit # 202 3Br/2Ba $2,495 $2,495 Trash Removal $180 Pool $0

Pest Control $44 Insurance $1,407

Other Income: $0 Maintenance $2,720 Taxes $21,825

Total Monthly Income $9,685

Estimated Market Rents Total Annual Operating Expenses (estimated): $37,023

Unit # 101 3Br/2Ba $2,600 $2,600 Expenses Per: Unit $9,256

Unit # 102 3Br/2Ba $2,600 $2,600 GSI 32%

Unit # 201 3Br/2Ba $2,550 $2,550

Unit # 202 3Br/2Ba $2,550 $2,550

Other Income: $0

Total Monthly Income $10,300

Estimated Annual Operating Proforma Actual Market Financing Summary

Gross Scheduled Income $116,880 $123,600 Down Payment: $700,950

Less: Vacancy Factor 3% $3,487 $3,708 35%

Gross Operating Income $112,733 $119,892 Interest Rate: 2.990%

Less: Expenses 32% $37,023 $37,023 Amortized over: 30 Years

Net Operating Income $75,710 $82,869 Proposed Loan Amount: $1,294,050

Less: 1st TD Payments ($65,385) ($65,385) Debt Coverage Ratio:

Current: 1.16

Pre-Tax Cash Flow $10,325 $17,483 Market: 1.27

Cash On Cash Return 1.5% 2.5%

Principal Reduction $27,062 $27,062

Total Potential Return (End of Year One) 5% 6%

Comments

DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS The information contained herein has been obtained from sources believed reliable. While Pacific Coast Commercial does not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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CLICK HERE FOR VIRTUAL TOUR

Master Bedroom

Master Bathroom

Bedroom 2

Bedroom 1

Bathroom

4 Total Units: • All Units - 3 Bedroom / 2 Bath • Approx. 1,050 SF Per Unit Home Features: • Open concept living space • Stainless steel appliances including dishwasher and microwave • Quartz countertops • Custom cabinets with soft-close drawers • Oversized kitchen sink • Custom paint • Wood-style flooring • In-unit washer/dryer • A/C in all units • Ceiling fans • Assigned parking • Large patio and back yards select homes

Kitchen Clo

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W / D

Closet

Closet

Living Room

PROPERTY FEATURES Fl

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ALL UNITS INCLUDE Gas Stove, Refrigerators, Dishwashers,

Garbage Disposals, A/C and Heating

PARKING Available Onsite, which Includes Covered Spaces

EMPLOYMENT RATE San Marcos Unemployment Rate-3.2%

The U.S. Average 3.9%

FUTURE JOB GROWTH Over the Next 10 Years is Predicted to

be 38.4%. The U.S. Average is Predicted to be 33.5%

DOWNTOWN SAN MARCOS Close to Downtown, which

Offers Entertainment, Restaurants, and Services

GREAT FREEWAY ACCESS

Close Proximity to Hwy 78 and I-15

CAL STATE SAN MARCOS & PALOMAR COLLEGE

Easy Biking Distance to All Three Properties

ABUNDANT RETAIL

A Short Drive to Large Big Box Retailers

FAMILY FRIENDLY LOCATION

Close to Multiple Parks, Schools, Health Care

Providers, the San Marcos Education Center,

Gymnasium, Library, and More

INVESTMENT HIGHLIGHTS

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SAN MARCOS ELEMENTARY SCHOOL

SAN MARCOS GYMNASIUM

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LOCATION & MARKET OVERVIEW

CALIFORNIA STATE UNIVERSITY SAN MARCOS

PALOMAR COLLEGE

GRAND PLAZA DOUBLE PEAK PARK

The Susan is in close proximity to everything the great city of

San Marcos has to offer, from miles of trails in the local hills,

to unique dining, shopping opportunities in retail centers, and

hospital services.

Located just over one mile from Cal San Marcos and Home to

Palomar College, the City has also become the heart of

education in north San Diego.

EDUCATION San Marcos is home to Cal State Sam Marcos, Palomar College and the University of St. Augustine. The San Marcos Unified School District is one of the largest school districts in San Diego County and includes 20 schools with diverse educational programs for kindergarten through adult education students.

AMENITIES Known for having some of the best restaurants in North County, old California Restaurant Row features a large concentration of restaurants offering a variety of cuisines. San Marcos also features several golf courses and many fine hotels.

PARKS & RECREATION The city has also become known for its abundance of open space and parks in recent years with miles of trains planned and constructed to facilitate biking throughout the city. One local destination is the top of Double Peak Park, which features a panorama of northern San Diego County from the highest coastal peak in the county.

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PRIME LOCATION

TROLLY

San Diego State University

MEXICO

UCSD

• Easy Biking Distance to California State University San Marcos and Palomar College

> 8 Min to CSUSM | 8 Min to Palomar College

• 21 Minute Drive to Carlsbad Village via Highway 78

• 25 Minute Drive to Encinitas via Highway 78 and I-5

• 3/10 Mile from KB Homes Building 76 Attached 3 & 4 Bedroom Townhomes

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AREA OVERVIEW

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CAL STATE SAN MARCOS

PALOMAR COLLEGE

SAN MARCOS MIDDLE SCHOOL

UNIVERSITY OF ST. AUGUSTINE

GRAND PLAZA

SAN MARCOS LIBRARY

366-368 W SAN MARCOS BLVD

NORDAHL MARKETPLACE

SURROUNDING AMENITIES

# Employer # Employees

1 San Marcos Unified School District 2,407

2 Palomar Community College 1,627

3 Cal State University San Marcos 1,791

4 Hunter Industries 792

5 North Country Health Services 762

6 United Parcel Service 501

7 Kaiser Permanente 403

8 Walmart 350

9 Costco 350

10 Teamwork Athletic Apparel 259

11 Lusardi Construction Company 250

12 Fluid Components International 245

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SUBJECT PROPERTY

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EMPLOYMENT

1 mile 3 mile 5 mile

POPULATION

Total Population (2020) 18,915 97,653 203,982

Total Population (2025) 19,724 100,928 210,042

2010 Census 15,398 84,540 180,953

Change in Population (2020-2025) 4.28% 3.35% 2.97%

Average Age 32.40 36.90 37.60

HOUSEHOLDS

Average Household Size 3.40 3.00 2.80

2020 Total Households 5,534 32,741 71,044

HH Growth (2020-2025) 4.75% 3.53% 3.06%

Owner Occupied Housing 2,059 20,415 43,041

Renter Occupied Housing 3,475 12,326 28,003

INCOME

Average Household Income (2020) $86,040 $101,663 $105,970

Median Household Income (2020) $62,941 $77,461 $81,738

RACE/ETHNICITY

White 15,733 79,407 166,769

African American 576 2,915 6,160

Asian 1,575 9,418 18,724

Other 611 4,078 8,732

REAL ESTATE MARKET SNAPSHOT

Median Home Value $585,106 $601,788 637,492

Median Year Built 1992 1990 1988

Total Businesses 1,308 4,380 9,936

Total Employees 13,563 39,728 100,564

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AREA DEMOGRAPHICS

4 UNITS - FULLY RENOVATED in 2020 MULTI-FAMILY OPPORTUNITY

THE

SUSAN

Multifamily & Investment Sales D: 619.323.8680 Weston@PacificCoastCommercial.com Lic. 02013338

366-368 W SAN MARCOS BLVD, SAN MARCOS, CA 92069 14

Pacific Coast Commercial 10721 Treena Street, Suite 200 San Diego, CA 92131 www.PacificCoastCommercial.com Lic. 01209930

The information contained herein has been given to us by

the owner of the property or other sources we deem reliable,

we have no reason to doubt its accuracy, but we do not

guarantee it. All information including zoning and use

should be verified prior to purchase.