San Clemente, CA 92672,244 W Escalones
San Clemente, CA 92672,244 W Escalones
San Clemente, CA 92672,244 W Escalones
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$4,250,000
Est. payment /mo
7 Beds
8 Baths
5,071 SqFt
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UPDATED:

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

Acres 0.29

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

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by CB Richard Ellis, Inc.

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Kirshner Elkin Properties

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