Turnkey Coastal 6 Unit property located one block from the beach. All 6 units were renovated in 2024 and are now leased at market rates. All units have: Vinyl/wood flooring, dual pane windows, new kitchens cabinets and countertops, reglazed tub/showers, new doors, updated electric panels, new heating, new lighting and electric outlets and switches.
This property has the highest cap rate of any competing coastal market asset. Priced to sell quickly!
Sold for $3,400,000 on 01/01/25
Listing Provided by:
Randall Mycorn DRE #02078223 949-573-5309,
R L M Equities
Bought with: Sage Real Estate Group, Inc.
$3,400,000
239 Avenida Pelayo, San Clemente, CA 92672
10beds
6baths
6,211sqft
Mixed Use
Built in 1965
-- sqft lot
$-- Zestimate®
$547/sqft
$5,502 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 13, 2025 at 06:16pm
Listing Provided by:
Randall Mycorn DRE #02078223 949-573-5309,
R L M Equities
Bought with:
Cody Charnell, DRE #01950585
Sage Real Estate Group, Inc.
Source: CRMLS,MLS#: NP24234057
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,211
- Total interior livable area: 6,211 sqft
Property
Parking
- Total spaces: 12
- Parking features: Carport
- Carport spaces: 12
Features
- Levels: Two
- Stories: 2
- Entry location: Both
- Pool features: None
Lot
- Size: 7,841 sqft
- Features: 11-15 Units/Acre
Details
- Parcel number: 69211303
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: San Clemente
- Subdivision: Buena Vista
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange