714-745-2708

340 Pleasant Way, San Marcos, CA 92069

$850,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Timothy Feuling | tfeuling89@yahoo.com
Lic#: 01946782
Broker: Courtesy of Compass
Phone: 858-750-9176

Agent Remarks

340 Pleasant Way is a multifamily development opportunity located in central San Marcos. The property consists of a two-bedroom, one-bathroom single-family residence of approximately 725 square feet, built in 1940, situated on a 12,182 square foot lot. The property is zoned R-3-10, San Marcos' medium-density multifamily designation, which provides for development at 12.1 to 20 dwelling units per acre. The City has indicated a base potential of up to five residential units, with additional upside available through state density bonus provisions. True potential to maximize property and profit could be up to 6 townhomes and 2 ADUs. Zoning being flexible with alternative usage in San Marcos; potentially assisted living facility as an example. Buyer to get approved with City of San Marcos. This site represents a rare infill opportunity in a submarket defined by strong rental demand and limited supply of developable land. Neighboring parcels are already improved with multifamily product, and the location offers direct access to the State Route 78 corridor, Palomar College and California State University San Marcos. With favorable zoning in place, an existing residence capable of generating income throughout the entitlement period, and few comparable sites available in the submarket, 340 Pleasant Way should be valued as a development site rather than as a single-family home.

Listing Details

Trust & Probate

Property type: (Multi-Family)

Status: Active

MLS# NDP2609564

Price: $850,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1940

0.28 acres

Lot size: 0.2797

County: San Diego

Zoning: R-3-10

Lot description: No Landscaping,Value In Land

MLS area: 92069 - San Marcos

Last Updated: 11/10/2026

Days On Market (DOM): 29

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This listing belongs to the 92069 - San Marcos MLS area

Lat/Long: 33.145299, -117.166315.
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Source: CRM. Also Available in NDP2610192,

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