515 Cassou Rd San Marcos, CA 92069
Estimated payment $10,113/month
Highlights
- 8.67 Acre Lot
- No HOA
- Agricultural
- Twin Oaks Elementary School Rated A-
- Laundry Room
- No Heating
About This Home
Unique Investment Opportunity in Twin Oaks Valley - only 10 miles inland. 4 contiguous parcels with 2 detached houses and 800 sf shed on 8.67 acres, including private road. Two houses: 515B, and 515A - appraised in October 2023 for a combined value of $2.2M! Appraisal did NOT include the 2 additional parcels. APNs 182-280-13, -14, -15, and 182-240-25. R-2 zoning. Unincorporated San Marcos - San Diego County jurisdiction. 515B was built in 1982, and currently has 4 bedrooms, 3 baths, plus a studio, with an attached 2 car garage. 515A was built in 1947, and currently has 4 bedrooms and 2 baths. Both houses and the shed have separate electric meters, and there is one 2 inch water meter at the shed. This is an opportunity for a builder to create a compound, or develop multiple properties. County zoning allows for ADU and detached workshops. Fantastic location: easy freeway access, both the 78 and 15 are less than 10 minutes away. Only 4 miles to Cal State San Marcos and Palomar College. Rare chance to build in Twin Oaks Valley!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,712
Year Built
- Built in 1982
Lot Details
- 8.67 Acre Lot
- No Common Walls
- 182-280-13-00 182-280-14-00 182-240-25-00
Parking
- 6 Open Parking Spaces
- 2 Car Garage
Interior Spaces
- 4,227 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Additional Features
- Suburban Location
- Agricultural
- No Heating
Listing and Financial Details
- Tax Lot 76009
- Tax Tract Number 76009
- Assessor Parcel Number 1822801500
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- Valley
Building Details
- 1 Leased Unit
- 3 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $2,400
- Insurance Expense $6,000
- Trash Expense $1,200
- Operating Expense $9,600
- Gross Income $39,600
- Net Operating Income $34,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,712 | $153,000 | $153,000 | -- |
| 2024 | $1,712 | $150,000 | $150,000 | -- |
| 2023 | $3,611 | $321,660 | $321,660 | $0 |
| 2022 | $3,563 | $315,353 | $315,353 | $0 |
| 2021 | $3,505 | $309,170 | $309,170 | $0 |
| 2020 | $3,472 | $306,000 | $306,000 | $0 |
| 2019 | $3,434 | $300,000 | $300,000 | $0 |
| 2018 | $3,002 | $264,932 | $264,932 | $0 |
| 2017 | $2,944 | $259,738 | $259,738 | $0 |
| 2016 | $2,902 | $254,646 | $254,646 | $0 |
| 2015 | $2,860 | $250,821 | $250,821 | $0 |
| 2014 | $2,795 | $245,908 | $245,908 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $1,800,000 | -9.8% | $760 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $1,995,000 | -- | $842 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $10,000 | Fidelity National Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $505,000 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2504938
APN: 182-280-14
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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