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Liberty Villas 532 Richmar Ave 9 Unit Apartment Building $5,184,758 CAD ($576,084 CAD/Unit) 3.62% Cap Rate San Marcos, CA 92069
Investment Highlights
- All residences feature updated two-bedroom layouts that appeal to residents seeking functional, modern living environments.
- Situated close to major academic institutions, the property is positioned to draw from a consistent pool of students, faculty, and staff.
- Residents enjoy controlled access and convenient parking options that contribute to secure and comfortable daily living.
- The community benefits from recent exterior enhancements that improve overall curb appeal and tenant satisfaction.
- Located in an area undergoing substantial redevelopment, the surroundings reflect strong municipal support for growth and infrastructure improvements.
- The submarket’s rising incomes, youthful demographics, and increasing housing demand support long-range rent stability and asset appreciation.
Executive Summary
San Marcos Terrace Estates presents an attractive opportunity to acquire a well-maintained nine-unit community in the center of one of North County San Diego’s most consistently ascending submarkets. Positioned amid substantial neighborhood revitalization and surrounded by major educational anchors such as California State University San Marcos and Palomar College, the property benefits from sustained demand drivers and a strong tenant base seeking quality housing near growing employment corridors. With recently improved exteriors complementing thoughtfully updated interiors, the asset offers operational stability alongside long-term value supported by the city’s expanding population, rising household incomes, and ongoing public and private development investments. Investors can enter a supply-constrained market known for durable rent performance while leveraging the property’s fundamentals to capture future appreciation.
Property Facts
| Price | $5,184,758 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $576,084 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 3.62% | Building Size | 7,240 SF |
| Gross Rent Multiplier | 15.58 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 3.45/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | Residential - Residential | ||
| Price | $5,184,758 CAD |
| Price Per Unit | $576,084 CAD |
| Sale Type | Investment |
| Cap Rate | 3.62% |
| Gross Rent Multiplier | 15.58 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 7,240 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 3.45/1,000 SF |
| Zoning | Residential - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | 812 |
Property Taxes
| Parcel Number | 220-112-14 | Improvements Assessment | $1,214,114 CAD |
| Land Assessment | $1,821,176 CAD | Total Assessment | $3,035,291 CAD |
Property Taxes
Parcel Number
220-112-14
Land Assessment
$1,821,176 CAD
Improvements Assessment
$1,214,114 CAD
Total Assessment
$3,035,291 CAD
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Liberty Villas | 532 Richmar Ave
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