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Multi-Family

976 La Moree Rd

976 La Moree Rd, San Marcos, CA 92078

Listing Price: $1,995,000

Lot Size
7.71 acres
Price/Acre
$258,755
Land Type
Land

Investment Overview

We are pleased to present the opportunity to acquire a 7.71-acre potential development site in San Marcos, California, the city with the fastest growing population along the 78 Corridor. The 335,846 square-foot site is comprised of one large parcel with two detached single-family residences. The 2- & 3-bedroom residences are currently being operated as rental properties and renting for $1,750 & $2,400 per month, respectively. The site’s R-1-20 zoning currently allows for 15 single-family homes, and potentially up to 20 single-family homes with a Conditional Use Permit. The site location delivers the necessary elements for high-quality development projects. The micro-location is ideal, notably, the site is immediately adjacent to a 23-acre park and nature center, with a picnic area, playground, and walking trails. San Marcos, in-and-of-itself, boasts a robust real estate market with massive new for-profit and public developments, a strong economic base, two powerhouses of higher education, and a multitude of area amenities, especially when coupled with its strategic positioning along the 78 Corridor, and the 78 Corridor’s assemblage of five cities including Carlsbad, Oceanside, Vista, Escondido, and San Marcos. The San Diego coastline, with its beautiful sandy beaches, breathtaking views, landmark site, and world-class surf, is only 10 miles away. Employment along the 78 Corridor exceeds 276,000 jobs- roughly 18 percent of the regional total, and if the cities were combined into a single city, together, the five municipalities would be the 5th largest in the state, just behind San Francisco, San Jose, San Diego, and Los Angeles. The City of San Marcos boasts an economic base with 45,000+ jobs, more than 4,300 businesses, and annual GDP totaling $7.9 billion. San Marcos is also home to California State University San Marcos (CSUSM), Palomar College, and 6 other academic institutions, accounting for 12 percent of the San Diego region’s total academic completions. The North City Development near CSUSM, 1.5 miles away, and the new Kaiser Permanente Hospital, 2.4 miles away, are two prime examples of projects nearby that required massive amounts of upfront capital flowing into the City of San Marcos. The North City Development is widely viewed as San Marcos’ future downtown and will include 3,000 residential units, housing for up to 3,000 students, a potential 400-room hotel, and up to 1.7 million square feet of commercial space. Kaiser Permanente is the largest medical group in the County of San Diego, and the new state-of-the-art facility, at a project cost of $403+ million, will feature 206 single-room hospital beds. The character of the neighborhood, coupled with the site’s location and size, provides investors with the rare opportunity to develop much-needed housing in one of the strongest markets in the county. Major economic milestones are being reached nearby, and the submarket demand continues to increase, priming this opportunity for future development.

Investment Highlights

  • 7.71-acre (335,846 Sqft) development opportunity in San Marcos
  • Ideal location along the 78 corridor, nearby CSUSM (1 mi), North City Development (1.5 mi), and Kaiser Permanente (2.4 mi)
  • R-1-20 Zoning; allowing 15+ Single Family Residences
  • Contiguous to Jack's Pond Park and Nature Center (23 acres)
  • Convenient access to high-quality transportation options, including Cal State San Marcos Light Rail Station, Highway 78, and Interstate 15

Exclusively Listed By

Financing By

Multi-Family

976 La Moree Rd

Listing Price: $1,995,000

Lot Size
7.71 acres
Price/Acre
$258,755
Land Type
Land

Investment Highlights

  • 7.71-acre (335,846 Sqft) development opportunity in San Marcos
  • Ideal location along the 78 corridor, nearby CSUSM (1 mi), North City Development (1.5 mi), and Kaiser Permanente (2.4 mi)
  • R-1-20 Zoning; allowing 15+ Single Family Residences
  • Contiguous to Jack's Pond Park and Nature Center (23 acres)
  • Convenient access to high-quality transportation options, including Cal State San Marcos Light Rail Station, Highway 78, and Interstate 15

Investment Overview

We are pleased to present the opportunity to acquire a 7.71-acre potential development site in San Marcos, California, the city with the fastest growing population along the 78 Corridor. The 335,846 square-foot site is comprised of one large parcel with two detached single-family residences. The 2- & 3-bedroom residences are currently being operated as rental properties and renting for $1,750 & $2,400 per month, respectively. The site’s R-1-20 zoning currently allows for 15 single-family homes, and potentially up to 20 single-family homes with a Conditional Use Permit. The site location delivers the necessary elements for high-quality development projects. The micro-location is ideal, notably, the site is immediately adjacent to a 23-acre park and nature center, with a picnic area, playground, and walking trails. San Marcos, in-and-of-itself, boasts a robust real estate market with massive new for-profit and public developments, a strong economic base, two powerhouses of higher education, and a multitude of area amenities, especially when coupled with its strategic positioning along the 78 Corridor, and the 78 Corridor’s assemblage of five cities including Carlsbad, Oceanside, Vista, Escondido, and San Marcos. The San Diego coastline, with its beautiful sandy beaches, breathtaking views, landmark site, and world-class surf, is only 10 miles away. Employment along the 78 Corridor exceeds 276,000 jobs- roughly 18 percent of the regional total, and if the cities were combined into a single city, together, the five municipalities would be the 5th largest in the state, just behind San Francisco, San Jose, San Diego, and Los Angeles. The City of San Marcos boasts an economic base with 45,000+ jobs, more than 4,300 businesses, and annual GDP totaling $7.9 billion. San Marcos is also home to California State University San Marcos (CSUSM), Palomar College, and 6 other academic institutions, accounting for 12 percent of the San Diego region’s total academic completions. The North City Development near CSUSM, 1.5 miles away, and the new Kaiser Permanente Hospital, 2.4 miles away, are two prime examples of projects nearby that required massive amounts of upfront capital flowing into the City of San Marcos. The North City Development is widely viewed as San Marcos’ future downtown and will include 3,000 residential units, housing for up to 3,000 students, a potential 400-room hotel, and up to 1.7 million square feet of commercial space. Kaiser Permanente is the largest medical group in the County of San Diego, and the new state-of-the-art facility, at a project cost of $403+ million, will feature 206 single-room hospital beds. The character of the neighborhood, coupled with the site’s location and size, provides investors with the rare opportunity to develop much-needed housing in one of the strongest markets in the county. Major economic milestones are being reached nearby, and the submarket demand continues to increase, priming this opportunity for future development.

Exclusively Listed By

Financing By

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