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$ 4,250,000
Est. payment | /mo
7 Beds
8 Baths
5,071 SqFt
$ 4,250,000
Est. payment | /mo
7 Beds
8 Baths
5,071 SqFt
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
Listed by Michael O'Neill II CB Richard Ellis, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "