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Key Details
Sold Price $2,050,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LG23148167
Sold Date 11/02/23
Bedrooms 8
HOA Y/N No
Lot Size 0.320 Acres
Property Description
Most people know San Clemente is famous for having "The World's Best Climate" but it also has so much more: World-class beaches, outdoor mall, great dining, award-winning schools and that casual, laid-back California lifestyle that is the envy of the world. This property has been mostly updated by the current owners with the three-bedroom unit and one of the two-bed units completely updated with new luxury-vinyl floors, new appliances, recessed lighting, custom tiled baths, new bathroom fixtures and quartz counter tops. The other two-bed unit has been newly refreshed with partial vinyl flooring (kitchen, baths and bedrooms), paint, lighting and other nice touches. Along with the improvements, rents have been brought up to current levels, resulting in an excellent cap rate and not forcing the new owner to wrestle with challenging evictions...the work has already been done.
Most people know San Clemente is famous for having "The World's Best Climate" but it also has so much more: World-class beaches, outdoor mall, great dining, award-winning schools and that casual, laid-back California lifestyle that is the envy of the world. This property has been mostly updated by the current owners with the three-bedroom unit and one of the two-bed units completely updated with new luxury-vinyl floors, new appliances, recessed lighting, custom tiled baths, new bathroom fixtures and quartz counter tops. The other two-bed unit has been newly refreshed with partial vinyl flooring (kitchen, baths and bedrooms), paint, lighting and other nice touches. Along with the improvements, rents have been brought up to current levels, resulting in an excellent cap rate and not forcing the new owner to wrestle with challenging evictions...the work has already been done.
Location
State CA
County Orange
Area Oc - San Clemente (92673)
Zoning Assessor
Interior
Appliance Forced Air Unit
Building
Lot Description Curbs
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $3
Space Rent $3,200
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Rod Rodrigues • 2020 Realty