1454 La Plaza Drive

1454 La Plaza Drive

D

San Marcos, CA 92078

$1,938,000

Soft Appraisal Value: $1,870,600 · 3.6% above estimate

Beds

3

Baths

2

Sqft

2,046

Year Built

1971

Days on Market

24

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602352

Description

Private "Single-Story" Retreat on a 1/4 Acre in Lake San Marcos!! Nestled on La Plaza Dr (the most desired street in Lake San Marcos) this beautifully upgraded single-story home offers a backyard that feels like a timeless paradise. Designed for both comfort and entertaining, the home features an inviting great-room living space with engineered wood flooring, custom lighting, built-ins, and a striking stacked-stone fireplace. The expansive kitchen centers around a large 4' x 10' island with abundant storage, Viking range top, stainless steel appliances, pot filler, subway tile backsplash, Viking wine cooler, full-extension pantry shelving, and a convenient office nook for everyday functionality. Quality craftsmanship is showcased throughout with custom solid-core doors, "Andersen" French doors with sidelights and disappearing screens, and thoughtful upgrades that enhance the home’s warmth and livability. Step outside to a private backyard paradise featuring flagstone pathways, lush mature landscaping, and a WOW waterfall feature that creates a tranquil setting for relaxing or entertaining. Car enthusiasts or hobbyists will appreciate the three-car garage, including an oversized third bay with 220 outlets, providing flexibility for a workshop, gym, or potential office conversion. Located just moments from the heart of Lake San Marcos, residents enjoy easy access to golf, dining, swimming, tennis, pickleball, and the many amenities that make this community so desirable. Spend your days enjoying sunsets, wildlife, boating parades, summer concerts, paddleboarding, kayaking, and fishing, all within this vibrant lakeside lifestyle community. FEATURES/UPGRADES INCLUDE: *Single Story Detached Home *Open Floor Plan *3 Car Garage *No HOA or Mello/Roos *Stunning & Private Backyard w/Incredible Waterfall & expansive Pergola *Flagstone walkways *Custom Oversized Shed with electrical & temp control fan *Dual Pane Windows *Solid Core Doors *50 gallon water heater w/recirculation pump *Newer 200 Amp electrical panel *Upgraded Insulation in Home & Garage *Recessed Lighting Throughout *Large easy to maintain 1/4 acre lot *Premier School District.

Mortgage Calculator

Est. Monthly Payment

$12,303

Principal & Interest$9,800
Property Tax$1,938
Insurance$565
%($387,600)
%

Investment Score

0D
Est. Monthly Rent
$5,102
Monthly Cashflow

Rent − PITIA

$-7,201
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,989

Mortgage (P+I)
$9,800
Cap Rate
-0.12%
Cash-on-Cash
-30.93%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.41
Break-even Rent
$18,075

NOI (Annual)
$-2,274
Price-to-Rent

Lower = better for investors

31.7

* 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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