Rare 4-plex opportunity in San Clemente’s Short Term Rental Zone is just 400 yards from surfing breaks in San Clemente. This beach-close four-unit apartment building presents an extraordinary investment opportunity. The building consists of two units that are both 2 bedroom, 2 bath; another unit that’s 2 bedroom, 1 bath, and the largest being 3 bedroom, 2 bath. Open-concept floorplans display dine-in kitchens, spacious living rooms, fully appointed baths, and a covered carport space for each unit. Unit three is the largest and hosts a dining room and primary suite with a sunny balcony. This is the perfect configuration for an owner’s suite inside the 4-plex. The property is located along a cul-de-sac street with direct beach access. Hands down one of the best locations in town to own an income property as you are surrounded by luxury beach property and the building is moments from shops and restaurants on Del Mar, San Clemente’s classic pier, parks, and hiking trails. Within a few minutes you can be at the beach, having dinner on the San Clemente Pier, or shopping downtown. Income numbers are run on the actual rent. Pro Forma rent for a 12 month rental would be Gross Income $142,800 and about a 3.6% cap, projected vacation rental income is approximately $324,000. Projections for Vacation Rental can be provided separately by a third party.
|
DAYS ON MARKET
|
30
|
LAST UPDATED
|
9/1/2022
|
|
TRACT
|
Other (OTHR)
|
YEAR BUILT
|
1964
|
|
COMMUNITY
|
San Clemente Central
|
COUNTY
|
Orange
|
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Residential Income
|
| APPLIANCES |
Dishwasher, Gas Range, Microwave, Range Hood, Water To Refrigerator |
| AREA |
San Clemente Central |
| GARAGE |
Carport |
| HOA DUES |
0 |
| INTERIOR |
Built-in Features, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting |
| LOT |
4485 sq ft |
| LOT DESCRIPTION |
Back Yard, Landscaped, Street Level, Walkstreet, Yard |
| PARKING |
Carport |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Other (OTHR) |
| UTILITIES |
Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Neighborhood,Panoramic |
| WATER |
Public |
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Listed with Pacific Sotheby's Int'l Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/26/24 1:29 PM PDT 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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