Property Detail

Description

The offering at 545–547 and 549–551 Woodward Street in San Marcos presents a rare opportunity to acquire two contiguous duplex parcels in one of North County’s most desirable and stable rental markets. Built in 1982, each property features spacious 1,325-square-foot, two-bedroom, one-bath units with large front and backyards, individual garages, and additional on-site parking. The combined lot size totals over 18,800 square feet, with one parcel measuring 8,866 square feet and the other an oversized 9,985 square feet, providing ample outdoor space and potential for future redevelopment. The properties are in largely original condition, allowing an investor to capitalize on a true value-add opportunity through interior and exterior improvements, modernized ?nishes, and upgraded amenities to increase rents and enhance overall asset value. Current average rents at 545 Woodward are approximately $2,590 per unit, while 549 Woodward averages $2,588 per unit—well below market levels for comparable renovated duplexes in the area.