138 Terrace
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 2, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Listed by Allison James Estates & Homes | $880,000 | |
| Listed by Allison James Estates & Homes | |||
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Located in the heart of San Marcos, this 4-bedroom, 2-bath home with a bonus room/office offers 2,024 sq ft of living space on an expansive 11,400 sq ft lot, combining comfort, flexibility, and the laid-back lifestyle North County is known for. As you arrive, a large circular driveway and spacious front approach create a welcoming first impression while providing plenty of parking for guests, toys, and everyday convenience. One of the property’s most unique features is the dedicated RV parking setup designed to accommodate up to a 36-foot RV, complete with sewer connection and both 30- and 50-amp hookups—a rare find that makes this home especially appealing for adventure-minded homeowners. Inside, the home offers a comfortable and versatile layout with multiple living spaces, including a bonus/sunroom area that can serve as a game room, office, or additional living space. The kitchen features abundant cabinetry, brand-new appliances, and a window overlooking the backyard, filling the space with natural light and making it a welcoming hub for everyday living. Several bathrooms have been beautifully updated with new vanities and modern walk-in showers, adding a fresh touch to key areas of the home. Additional features include dual-pane windows, a whole-house fan, mini-split cooling systems, a furnace for heating, and generous built-in storage throughout. Energy-conscious buyers will appreciate the solar system paired with a newer electrical panel and Tesla backup, offering efficiency and peace of mind for years to come. Step outside to enjoy the spacious backyard with endless possibilities—whether you envision a garden, outdoor entertaining area, or simply a place to relax and enjoy the sunshine. Mature landscaping, including a producing grapefruit tree, adds charm to the outdoor setting, while a storage shed provides additional utility. The location offers the best of North County convenience, just minutes from local parks, shopping, and dining, with easy access to schools within the San Marcos Unified School District. Commuters will appreciate quick and easy access to the 78, while coastal destinations like Carlsbad and Oceanside are only a short drive away. With its generous lot, RV-ready infrastructure, solar system, flexible living spaces, and prime San Marcos location, this property offers a wonderful opportunity to create a home that truly fits your lifestyle.
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| Sep 2, 2015 | Sold | ||
| Sold | |||
| Jul 1, 2015 | Listed by Tierra Capital Corp | $429,000 | |
| Listed by Tierra Capital Corp | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017