Description
Great opportunity for ocean close property in downtown SC under 2M which is rare. The attached appraisal for "as is" condition value is 2,024,000 & increases to approx. 2,300,000 upon completion. Construction is estimated from $175K to $225k. This is a rehab project for a cash buyer interested in a mixed use 3 unit w/ great potential. It is in close proximity to shops, entertainment around the corner at the Cabrillo Playhouse, & San Clemente Pier & is 2 streets North of the charming historical downtown of San Clemente: Del Mar street. Zoning is mixed use, consisting of 2 commercial units downstairs & a 3/2 residence on the top with water views. The front lot offers 3 off-street parking spots & a long driveway to the back opening up to 2 parking spots in front of a 2 car garage w/ an attached shed. Back staircase leads to the top floor w/ 2 entries: to the left: a large attached bonus w/ laundry room, & a main entry on the right goes into the living/dining room. This building is ready to build the downstairs to suit for a tenant. The major upgrades are done to the foundation, & new plumbing, new electrical, & new gas. Upstairs bathroom is ready for tile & fixtures w/ plumbing and drywall completed. You're ready to go w/ permits to complete the 3/2. Bonus room is not included in appraised value, due to not being permitted but can be grandfathered in w/ minimal work done adding more value. Many of options to make this your own property or rent out part or all of it. The income will be substantial to the investment as location is in the best part of San Clemente.
-
0BEDS
-
0.09ACRES
-
0BATHS
-
01/2 BATHS
-
2,600SQFT
-
$577$/SQFT
School Ratings & Info
Description
Great opportunity for ocean close property in downtown SC under 2M which is rare. The attached appraisal for "as is" condition value is 2,024,000 & increases to approx. 2,300,000 upon completion. Construction is estimated from $175K to $225k. This is a rehab project for a cash buyer interested in a mixed use 3 unit w/ great potential. It is in close proximity to shops, entertainment around the corner at the Cabrillo Playhouse, & San Clemente Pier & is 2 streets North of the charming historical downtown of San Clemente: Del Mar street. Zoning is mixed use, consisting of 2 commercial units downstairs & a 3/2 residence on the top with water views. The front lot offers 3 off-street parking spots & a long driveway to the back opening up to 2 parking spots in front of a 2 car garage w/ an attached shed. Back staircase leads to the top floor w/ 2 entries: to the left: a large attached bonus w/ laundry room, & a main entry on the right goes into the living/dining room. This building is ready to build the downstairs to suit for a tenant. The major upgrades are done to the foundation, & new plumbing, new electrical, & new gas. Upstairs bathroom is ready for tile & fixtures w/ plumbing and drywall completed. You're ready to go w/ permits to complete the 3/2. Bonus room is not included in appraised value, due to not being permitted but can be grandfathered in w/ minimal work done adding more value. Many of options to make this your own property or rent out part or all of it. The income will be substantial to the investment as location is in the best part of San Clemente.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.