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Key Details
Sold Price $4,162,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 5,071 sqft
Price per Sqft $820
MLS Listing ID 25589837
Bedrooms 7
Year Built 1965
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
Exterior
Parking Features Garage
Garage Spaces 7.0
Garage Description 7.0
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
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Bought with Michael O'Neill II CB Richard Ellis, Inc.
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