227 W Canada #1-3 San Clemente, CA 92672
UPDATED:
Key Details
Sold Price $1,830,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Beach & Downtown Close Location
MLS Listing ID OC24233737
Sold Date 01/02/25
Construction Status Turnkey
HOA Y/N No
Year Built 1964
Lot Size 3,920 Sqft
Property Description
Highlights:
Location: Right in the heart of coastal San Clemente, super close to three beach access points.
Units:
Unit #1: 1 bed/1 bath with a big private balcony, rented month-to-month.
Unit #2: 1 bed/1 bath, recently updated with a balcony that has peek ocean views, leased until 2025.
Unit #3: 2 bed/2 bath with a patio and deck, also rented month-to-month.
Parking: Plenty of space with 6 spots (3 covered, 3 uncovered) and a big backyard that's perfect for future projects.
Investment Potential:
ADU Plans: The city has approved plans for two extra 1 bed/1 bath units in the backyard, which could boost your annual income by $72,000.
Extra Space: There's a huge unfinished basement that could be turned into a community room, gym, or storage for extra cash. Plus, there's a laundry room that could bring in $400 a month.
Why It's a Great Deal:
Price: Listed at $1,850,000 it's a solid investment in the South OC area.
Growth Potential: With plans for more units and other income opportunities, there's lots of room to grow your investment.
Upgrades: The building is well-kept with recent updates like a new water line, relined sewer, and new water heater.
This triplex is a rare gem in the South OC market, offering both steady rental income now and lots of potential for the future. If you're looking to invest, this place is definitely worth a look!
Location
State CA
County Orange
Area Sw - San Clemente Southwest
Interior
Interior Features Primary Suite
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Cooktop, Disposal, Refrigerator, Dryer, Washer
Laundry Common Area, Laundry Room
Exterior
Parking Features Attached Carport, Covered, Carport, On Site, One Space, Tandem, Uncovered
Carport Spaces 3
Pool None
Community Features Street Lights, Sidewalks, Park
Waterfront Description Ocean Side Of Freeway
View Y/N Yes
View Neighborhood, Ocean, Peek-A-Boo
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Level, Near Park, Yard
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 69208225
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1596.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Bought with Jordan Bennett • Regency Real Estate Brokers