San Clemente, CA 92672,227 W Canada
Listed by Johanna Andren • Compass
Bought with Jordan Bennett • Regency Real Estate Brokers

$1,830,000

$1,850,000

1.1%
Est.Price: ?

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Est. payment /mo

2,322 SqFt


SOLD DATE : 01/02/2025

Key Details

Sold Price $1,830,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,322 sqft

Price per Sqft $788

MLS Listing ID CROC24233737

Sold Date 01/02/25

HOA Y/N No

Year Built 1964

Lot Size 3,920 Sqft

Property Sub-Type Triplex

Source Datashare California Regional

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

Location

State CA

County Orange

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Fireplace No

Laundry Common Area, Dryer, Laundry Room, Washer

Exterior

View Other, Ocean

Building

Lot Description Level, Other, Back Yard

Water Public

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