Price $2,985,000
Status Active
Beds 0
Baths 0 bath
Home size 4,400 sq ft
Lot Size 11,573 sqft
Days on Market 72
1602, 1604 & 1606 Calle Las Bolas - DRAMATIC 300K PRICE IMPROVEMENT!!! Spectacular location for these three Pride of Ownership investment properties in the highly desirable & historic beach community of San Clemente on the ocean side of El Camino Real. This pride of ownership property has not been on the market for 40 years! The 3 parcels consist of two 4 unit buildings and a charming 50’s cottage. 1602 is a 2br,1 bath cottage with private backyard. 1604 is a 4-plex with 1br, 1ba units & 1606 is a 4-plex with studio units. These cottage style units have wood beam ceilings & some have skylights. The three properties combined have a total of 9 parking spaces plus one garage. Invest in the true essence of coastal living in this classic 1950’s income property. This unique offering is a rare opportunity to purchase 3 contiguous properties with good income, yet still has room to maximize your investment with an upside in income depending on your vision (value add or develop the property). Current rents are approximately 30% under market rents. Fully occupied & easy to rent. This beach side area is experiencing an increase in development, renovation of historic properties & expansion. Properties are just a 5 minute walk to the beach, Ole Hanson Beach Club, Metro transit station, beach trails, restaurants & shopping. The new outlet mall is a short 5 minute drive. It's an excellent time to add this special property located in a high-demand coastal area to your real estate portfolio!
Property Type(s): Residential Income
Last Updated 1/15/2019 Tract Other (OTHR)
Year Built 1955 Community SC - San Clemente Central
County Orange

Price History

Prior to Jan 15, '19 $3,285,000
Jan 15, '19 - Today $2,985,000

Additional Details

AIR None
APPLIANCES Free Standing Range
AREA SC - San Clemente Central
HEAT Wall Heater
INTERIOR Beamed Ceilings
LOT 0.2657 acre(s)
SEWER Public Sewer
UTILITIES Electricity Connected
WATER Public



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Listing provided by : Betty Elkins-Rice CalDRE: 00841869, Betty Elkins-Rice

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