227 W Canada Unit 1-3, San Clemente, CA 92672
- $1,830,000
- Sold Price
- $1,830,000
- List Price
- $1,850,000
- Closing Date
- Jan 02, 2025
- Status
- CLOSED
- MLS#
- OC24233737
- Year Built
- 1964
- Lot Size
- 3,920
- Acres
- 0.09
- Lot Location
- Back Yard, Level, Near Park, Yard
- Days on Market
- 7
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level, Two Levels
- Neighborhood
- Beach & Downtown Close Location
Property Description
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!
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Additional Information
- Appliances
- Gas Cooktop, Disposal, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Neighborhood, Ocean, Peek-A-Boo
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Primary Suite
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $83,640
- Operating Expense
- 10166
Listing courtesy of Listing Agent: Johanna Andren (johanna@johannavoytish.com) from Listing Office: Compass.
Listing sold by Jordan Bennett from Regency Real Estate Brokers
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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.