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532 Richmar Ave San Marcos, CA 92069

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For Sale
$3,800,000

9-unit apartment complex in the heart of San Marcos.

Type:Multifamily
Added:
Apr 3, 2026
Days on Market:
21
Last Refresh:
Apr 3 at 5:41 am

Property Features for 532 Richmar Ave

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Gordon Reese

Listing agent Gordon Reese License #CA: 00066435

Listing office Orange County Office

Listing date Apr 3, 2026

Source Marcusmillichap

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Orange County Office


Overview

San Marcos Terrace Estates Apartments

San Marcos Terrace Estates is a 9-unit apartment complex located in the San Marcos metro area. The property is positioned in an area undergoing gentrification, with several new properties recently constructed nearby. All units feature a 2-bedroom, 1-bath layout. The current ownership has made exterior cosmetic upgrades to the property. The unit interiors were previously renovated and remain in very good condition. San Marcos is characterized as an upscale and progressive city, attributed to a progressive local government and the presence of California State University and Palomar College. The city actively recruits planners, engineers, and development professionals to guide growth and infrastructure projects. San Marcos benefits from a diverse and dynamic job market with growth in sectors like education, healthcare, technology, and planning and development. The metro population is youthful, with a median age of 34.9 years. San Marcos is pursuing designation as a “BLUE ZONE,” working to become a place where residents live healthier, longer lives through intentional community design and wellness programs. San Marcos has a population of approximately 94,000 people, with a growing median household income of over $105,000, up nearly 6% from the previous year. The property is approximately 3.62 acres.
Location Intelligence

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Location Insight

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  • Local Demand
City
San Marcos
County
San Diego
State
California
Longitude
-117.171918
Latitude
33.146258

FAQs

What type of property is this?
Apartment building - 9-unit apartment complex in the heart of San Marcos.
Where is this apartment building located?
The property is located at 532 Richmar Ave San Marcos, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Located in a rapidly gentrifying area of San Marcos, indicating strong potential for property value appreciation and increased rental income.; All 9 units are 2Bed1Bath, offering a desirable and easily rentable configuration.; San Marcos benefits from a strong and diverse job market, driven by education, healthcare, technology, and planning/development sectors.
More about this property
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