227 W Canada San Clemente, CA 92672
Pending
$1,850,000
3 Units
4 Beds
4 Baths
2,322 Area(sq.ft.)
3,920 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 2,370 | $ 28,440 | $ 36,000 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,500 | $ 30,000 | $ 30,000 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,100 | $ 25,200 | $ 30,000 |
| 3 | 3 | 4 | 4 | $ 6,970 | $ 83,640 | $ 96,000 |
| MLS #: | OC24233737MR |
| Days On Market: | 19 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 797 |
| Price per unit: | $ 616,667 |
| Year Built: | 1964 |
Property Details
Check out this awesome triplex in San Clemente! It's in a prime spot, just a short walk to the beach, parks, schools, and all the cool shops and restaurants downtown. Here s what makes it a great find: 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!Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 10,166 |
| Net Operating Income: | $ 73,474 |
Structure
| Community Features: | Sidewalks, Street Lights |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Sewer: | Public Sewer |
| View Description: | Ocean, Peek-A-Boo |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Parking Space |
Interior
| AC/Cooling: | None |
| Equipment: | Dryer, Dryer Included, Laundry Area, Refrigerator, Room, Washer, Washer Included |
| Heating: | Wall |
| Laundry: | Dryer, Dryer Included, Laundry Area, Room, Washer, Washer Included |
| Laundry Equipment: | Own |
| Laundry Income: | 0.00 |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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