1523 San Elijo Rd S

1523 San Elijo Rd S #206

D

San Marcos, CA 92078

$949,000

Soft Appraisal Value: $938,300 · 1.1% above estimate

Beds

3

Baths

3

Sqft

1,647

Year Built

2009

Days on Market

46

Property Type

Townhouse

HOA/mo

$468

MLS ID

260003927SD

Description

FIRST TIME on the market! This beautifully maintained Market Walk residence offers one of the most desirable and versatile floor plans in the community, featuring 3 bedrooms, plus an optional 4th office/flex space, and 3 full baths. Lovingly cared for by its original owners, this home has been used only as a lightly lived-in second residence who spent just part of each year here — resulting in exceptional condition throughout. Flooded with natural light, the home showcases an open and inviting layout with modern comfort and effortless walkability. Enjoy being just steps from the San Elijo Hills town center, with grocery store just below, including dining, coffee, shopping, parks, trails, and top-rated schools. Market Walk is known for its charm, convenience, and community feel, making this location truly special. Additional highlights include a flexible office/bonus room, spacious bedrooms, abundant windows and 10ft ceilings. Brand new washer and dryer in the unit. Detached two car garage. A rare opportunity to own a lightly used, original-owner home in one of San Elijo Hills’ most sought-after neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$6,492

Principal & Interest$4,799
Property Tax$949
Insurance$277
HOA$468
%($189,800)
%

Investment Score

2D
Est. Monthly Rent
$4,032
Monthly Cashflow

Rent − PITIA

$-2,461
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,179

Mortgage (P+I)
$4,799
Cap Rate
0.78%
Cash-on-Cash
-26.42%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$9,459

NOI (Annual)
$7,438
Price-to-Rent

Lower = better for investors

19.6

* 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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