532 Richmar Ave - Apartments FOR SALE


San Marcos, CA 92069
$3,800,000 USD
949-370-1162
532 Richmar Ave, San Marcos, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/25
null | 3.62% Cap Rate

532 Richmar Ave
San Marcos, CA 92069


HIGHLIGHTS

  • All residences feature updated two-bedroom layouts that appeal to residents seeking functional, modern living environments.
  • The community benefits from recent exterior enhancements that improve overall curb appeal and tenant satisfaction.
  • Situated close to major academic institutions, the property is positioned to draw from a consistent pool of students, faculty, and staff.
  • Located in an area undergoing substantial redevelopment, the surroundings reflect strong municipal support for growth and infrastructure improvements.
  • Residents enjoy controlled access and convenient parking options that contribute to secure and comfortable daily living.
  • The submarket’s rising incomes, youthful demographics, and increasing housing demand support long-range rent stability and asset appreciation.

OVERVIEW

San Marcos Terrace Estates presents an attractive opportunity to acquire a well-maintained nine-unit community in the center of one of North County San Diego’s most consistently ascending submarkets. Positioned amid substantial neighborhood revitalization and surrounded by major educational anchors such as California State University San Marcos and Palomar College, the property benefits from sustained demand drivers and a strong tenant base seeking quality housing near growing employment corridors. With recently improved exteriors complementing thoughtfully updated interiors, the asset offers operational stability alongside long-term value supported by the city’s expanding population, rising household incomes, and ongoing public and private development investments. Investors can enter a supply-constrained market known for durable rent performance while leveraging the property’s fundamentals to capture future appreciation.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

9

PRICE/UNIT

$422,222

CAP RATE

3.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Liberty Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,609 SF

ZONING

Residential

APN/PARCEL ID

220-112-14

ASK ABOUT THIS PROPERTY

Gordon ReeseReese Capital Advisors, Inc.More Info
949-370-1162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Gordon ReeseReese Capital Advisors, Inc.More Info
949-370-1162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.