244 Pico Avenue

244 Pico Avenue #1

B

San Marcos, CA 92069

$664,900

Soft Appraisal Value: $664,200 · 0.1% above estimate

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

50

Property Type

Townhouse

HOA/mo

$350

MLS ID

260010134SD

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

About This Property

Pico Place Townhomes introduces a fresh opportunity to own in a brand-new community designed with your lifestyle, and your budget in mind, without the burden of high HOAs or Mello-Roos. Welcome to Pico Place Homes, an exclusive collection of just 16 thoughtfully designed townhomes that perfectly balance modern style and everyday affordability. This 2-bedroom, 2.5-bath end unit offers added privacy along with bright, open-concept living, 9-foot ceilings, designer quartz countertops, and sleek LVP flooring throughout. Enjoy the benefits of an energy-efficient home with included solar panels and the peace of mind of a full builder warranty helping keep long-term costs low. This home features a spacious 2-car garage and a private patio that extends your living space outdoors, perfect for relaxing or entertaining. The community is complete with a BBQ area, playground, and dog run, offering everything you need for comfortable, connected living. Ideally located near the vibrant North City scene and just moments from CSUSM, you’ll have dining, entertainment, and everyday conveniences right at your doorstep. With its desirable end-unit location, oversized covered balcony, and elevated finishes, Unit #1 at Pico Place proves you don’t have to compromise on style, location, or value.

Mortgage Calculator

Est. Monthly Payment

$4,571

Principal & Interest$3,362
Property Tax$665
Insurance$194
HOA$350
%($132,980)
%

Location

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Investment Score

41C
Est. Monthly Rent
$3,362
Monthly Cashflow

Rent − PITIA

$-1,209
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,536

Mortgage (P+I)
$3,362
Cap Rate
1.49%
Cash-on-Cash
-22.89%
DSCR

Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$6,656

NOI (Annual)
$9,909
Price-to-Rent

Lower = better for investors

16.5

* 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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