239 Avenida Pelayo, San Clemente, CA 92672
- $3,400,000
- Sold Price
- $3,400,000
- List Price
- $3,525,000
- Closing Date
- Jan 01, 2025
- Status
- CLOSED
- MLS#
- NP24234057
- Year Built
- 1965
- Lot Size
- 7,841
- Acres
- 0.18
- Lot Location
- 11-15 Units/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Buena Vista
Property Description
Turnkey Coastal 6 Unit property located one block from the beach. All 6 units were renovated in 2024 and are now leased at market rates. All units have: Vinyl/wood flooring, dual pane windows, new kitchens cabinets and countertops, reglazed tub/showers, new doors, updated electric panels, new heating, new lighting and electric outlets and switches. This property has the highest cap rate of any competing coastal market asset. Priced to sell quickly!
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $240,600
- Operating Expense
- 57174
Listing courtesy of Listing Agent: Randall Mycorn (randall@rlmequities.com) from Listing Office: R L M Equities.
Listing sold by Cody Charnell from Sage Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.