1401 El Norte Pkwy
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1401 El Norte Pkwy #SPC 73

A

San Marcos, CA 92069

$360,000

Soft Appraisal Value: $318,400 · 13.1% above estimate

Beds

2

Baths

2

Sqft

1,200

Year Built

1969

Days on Market

94

Property Type

Manufactured

HOA/mo

$222

MLS ID

260002198SD

This property is in San Marcos (92069). View neighborhood stats →

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About This Property

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.

Mortgage Calculator

Est. Monthly Payment

$2,507

Principal & Interest$1,820
Property Tax$360
Insurance$105
HOA$222
%($72,000)
%

Location

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Investment Score

69A
Est. Monthly Rent
$2,277
Monthly Cashflow

Rent − PITIA

$-230
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,054

Mortgage (P+I)
$1,820
Cap Rate
2.55%
Cash-on-Cash
-17.57%
DSCR

Need ≥ 1.25 for DSCR loan

0.91
Break-even Rent
$3,646

NOI (Annual)
$9,195
Price-to-Rent

Lower = better for investors

13.2

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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