Offered For Sale

244 W Escalones

#25589837

MLF

Built in 1965

$4,250,000

About the property

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.

Features

General

  • Half Bathrooms 0
  • Lot Size 120x105
  • Real Estate Type MLF
  • Square Feet 5,071
  • Stories 2
  • Year Built 1,965
  • Agent Name Michael O'Neill II
  • Broker Id CLW-X74295
  • Office Name CB Richard Ellis
    Inc.
  • Days On Market 0
  • Status Active

Building

  • Cooling None
  • Heating None

Location

Questions

Human check: how many dogs are below?

                 

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