244 Pico Avenue
1 / 11

244 Pico Avenue #8

C

San Marcos, CA 92069

$664,900

Soft Appraisal Value: $664,300 · 0.1% above estimate

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

10

Property Type

Townhouse

HOA/mo

$350

MLS ID

260011413SD

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

About This Property

Introducing Pico Place Homes, a rare new construction opportunity featuring a limited collection of just 16 modern townhomes designed for elevated living without the burden of high HOAs or Mello-Roos. Scheduled for completion by June and now available for private appointments, these thoughtfully designed residences offer buyers the chance to secure a brand-new home in one of San Marcos’ most exciting emerging communities. Created for those seeking both style and smart affordability, these spacious 2-bedroom, 2.5-bath homes showcase open-concept floorplans with soaring 9-foot ceilings, designer quartz countertops, and sleek luxury vinyl plank flooring throughout. Every detail was carefully considered to simplify homeownership, from included solar panels and energy-efficient systems to the added confidence of a builder warranty that helps keep monthly costs predictable and manageable. Residents will also enjoy practical luxuries like attached 2-car garages and oversized covered balconies that create the perfect extension of the living space. Beyond the homes themselves, Pico Place offers inviting community amenities including a dog run and BBQ area, all just moments from the vibrant shops, dining, and entertainment at North City and the nearby California State University San Marcos campus. Pico Place Homes delivers the ideal balance of contemporary design, convenience, and long-term value in one connected San Marcos location.

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

42C
Est. Monthly Rent
$3,396
Monthly Cashflow

Rent − PITIA

$-1,175
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,510

Mortgage (P+I)
$3,362
Cap Rate
1.54%
Cash-on-Cash
-22.65%
DSCR

Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$6,656

NOI (Annual)
$10,223
Price-to-Rent

Lower = better for investors

16.3

* 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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