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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$4,250,000

Est. payment - /mo

7 Beds

8 Baths

5,071 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,071 sqft

Price per Sqft $838

MLS Listing ID 25589837

Bedrooms 7

HOA Y/N No

Year Built 1965

Lot Size 0.290 Acres

Property Description

244 W. Escalones is a fully renovated 7-unit apartment building just 220 ft. from beach access and the San Clemente Beach Trail. Offering the highest cap rate of any 5+ unit property in the city, this stabilized asset is fully occupied and cash flowing. Unit mix includes studios, one-bedrooms, and a free-standing 3-bedroom SFR. The property has over $1.3M invested in upgrades inside and out. Originally 6 units, the addition of a permitted ADU brings even more income potential. Expansion plans for the SFR's second story offer future value-add opportunity.

Location

State CA

County Orange

Area Sc - San Clemente Central

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Garage

Garage Spaces 7.0

Garage Description 7.0

Total Parking Spaces 7

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 69208233

Special Listing Condition Standard

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Listed by Michael O'Neill II CB Richard Ellis, Inc.

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244 W Escalones San Clemente, CA 92672