$4,162,000
$4,250,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
244 W Escalones San Clemente, CA 92672
7 Beds
8 Baths
5,071 SqFt
Key Details
Sold Price $4,162,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,071 sqft
Price per Sqft $820
MLS Listing ID 25589837
Bedrooms 7
Year Built 1965
Lot Size 0.290 Acres
Property Sub-Type Multi-Family
Property Description
244 W. Escalones is a fully renovated 7-unit apartment building just 220 ft. from beach access and the San Clemente Beach Trail. Offering the highest cap rate of any 5+ unit property in the city, this stabilized asset is fully occupied and cash flowing. Unit mix includes studios, one-bedrooms, and a free-standing 3-bedroom SFR. The property has over $1.3M invested in upgrades inside and out. Originally 6 units, the addition of a permitted ADU brings even more income potential. Expansion plans for the SFR's second story offer future value-add opportunity.
Location
State CA
County Orange
Area San Clemente Central
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment None
Exterior
Parking Features Garage
Garage Spaces 7.0
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with CB Richard Ellis, Inc.