244 W Escalones new Save Request In-Person Tour Request Virtual Tour
San Clemente,CA 92672
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,071 sqft
Price per Sqft $838
MLS Listing ID 25589837
Bedrooms 7
Year Built 1965
Lot Size 0.290 Acres
Property Sub-Type Multi-Family
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 San Clemente Central
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment None
Exterior
Parking Features Garage
Garage Spaces 7.0
Building
Story 2
Others
Special Listing Condition Standard