Property Description
The offering at 545–547 and 549–551 Woodward Street in San Marcos presents a rare opportunity to acquire two contiguous duplex parcels on oversized lots in one of North County’s most desirable and stable rental markets. Offered together, the properties qualify for residential-style financing and provide investors the ability to enhance income through renovations, repositioning, and potential ADU additions.
Located less than a mile from Downtown San Marcos and Cal State San Marcos, the assets are ideally positioned to capture strong rental demand from students, professionals, and families alike. Built in the early 1980s, the properties feature spacious two-bedroom floor plans—two with two baths and two with one-and-a-half baths—each with private garages, large front and backyards, and ample on-site parking. Situated on a combined 18,800+ square-foot lot (8,866 sq ft and 9,985 sq ft parcels), the offering provides significant outdoor space and future redevelopment or ADU potential.
All tenants are currently month-to-month, giving an incoming investor the flexibility to remodel units, adjust rents to market levels, or pursue phased repositioning. The properties are largely original in condition, representing a true value-add opportunity through interior upgrades, exterior enhancements, and amenity improvements.
Adjacent to the Vineyard single-family home community, a well-established mid-2000s neighborhood of quality homes, the assets benefit from the area’s ongoing evolution and upward momentum. The surrounding pocket of San Marcos is marked by new housing developments, retail and restaurant growth, hospitals, and schools, positioning Woodward Street firmly in the path of progress.
With below-market rents (currently averaging ~$2,590 per unit), strong demand drivers, and the potential for both income growth and long-term appreciation, this offering stands out as an exceptional investment opportunity in a supply-constrained and rapidly improving submarket of San Diego County.
