1523 San Elijo Rd S

1523 San Elijo Rd S

D

San Marcos, CA 92078

$949,000
NEW — 1d on market

Beds

3

Baths

3

Sqft

1,647

Year Built

2009

Days on Market

1

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. Open houses scheduled for Saturday 2/21 and Sunday 2/22.

Mortgage Calculator

Est. Monthly Payment

$6,492

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

Investment Score

3D
Est. Monthly Rent

HUD Fair Market Rent

$4,330
Monthly Cashflow
$-3,949

Mortgage (P+I)
$4,799
Cap Rate
1.07%
Cash-on-Cash
-24.97%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.90
Break-even Rent
$7,933

NOI (Annual)
$10,191
Price-to-Rent

Lower = better for investors

18.3

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

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