MLS® ID: PW19011248
607 Calle Canasta
San Clemente, California, 92673 $1,445,000
We are pleased to offer 607 Calle Canasta, a 4-unit apartment building nestled in the rolling hills of San Clemente. Priced at a 4.4% CAP Rate on current rents, still with upside, makes this one of the only properties in San Clemente priced this attractively. The offering at 607 Calle Canasta is ideally located near major retail and employment, miles of hiking trails, and just minutes from Avenida Del Mar (Downtown), legendary surf spots and historic San Clemente Pier.
This 4-unit building is comprised of (1) one bedroom/one bathroom unit, (2) two bedroom/two bathroom units and (1) three bedroom/two bathroom unit. Tenants of the property enjoy such amenities as on-site laundry, a community courtyard large private patios and balconies. The three bedroom unit has received a full rehab and renovation with substantial upgrades. The remaining units have received mild improvements and all have tile flooring. This asset provides immediate cash flow to an investor with easily obtainable growth in income.
*Best Priced 4-Plex in San Clemente, *4.4% CAP Rate and 15.79 GRM on Current Rents with Upside Potential, *Well Maintained Property with Upgrades, *Newer Roof and a Full Copper Re-plumb, *1, 2 & 3-Bedroom Units, *Garages