1930 San Marcos Boulevard
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1930 San Marcos Boulevard #261

A

San Marcos, CA 92078

$398,000
NEW — 2d

Beds

2

Baths

2

Sqft

1,920

Year Built

1981

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2603794

This property is in San Marcos (92078). View neighborhood stats →

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About This Property

Elevated OCEAN-VIEW lot featuring a spacious, nearly 2,000 sq. ft. three-section home in highly desirable Palomar Estates West—a premier 55+ resort-style community with rent control. Located on a cul-de-sac near guest parking, clubhouse, amenities & activities! This post-HUD home qualifies for preferred financing, adding exceptional value. Designed with comfort and scale in mind, the expansive great room showcases vaulted beamed ceilings, a gas fireplace, and a wet bar, seamlessly flowing into the dining area and kitchen—ideal for both everyday living and entertaining. The kitchen offers a corner pantry, built-in dining bar, and newer refrigerator and microwave, along with abundant cabinetry and storage throughout the home. The oversized laundry room provides a deep sink, extended counter space, and additional storage. Both bedrooms feature walk-in closets, while the spacious primary suite includes dual sinks and a separate tub and shower. An enclosed porch/California room captures the ocean view, creating a peaceful indoor-outdoor retreat. Recent improvements include fresh exterior paint and newer central A/C. The widened carport allows for easier vehicle access, and the partially fenced, low-maintenance exterior features turf, a wheelchair-accessible ramp, and a generous storage shed. This five-star community permits two small pets per household (with park approval) and offers rent control, with space rent at approximately $808/month. Age 55+ with second resident allowed at 35+.

Mortgage Calculator

Est. Monthly Payment

$2,527

Principal & Interest$2,013
Property Tax$398
Insurance$116
%($79,600)
%

Location

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Investment Score

78A
Est. Monthly Rent
$2,547
Monthly Cashflow

Rent − PITIA

+$20
Full Cashflow

Incl. vacancy, PM, maint, capex

$-897

Mortgage (P+I)
$2,013
Cap Rate
3.36%
Cash-on-Cash
-13.52%
DSCR

Need ≥ 1.25 for DSCR loan

1.01
Break-even Rent
$3,712

NOI (Annual)
$13,386
Price-to-Rent

Lower = better for investors

13.0

* 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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