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
Based on information from California Regional Multiple Listing Service, Inc. as of April 20th, 2019 at 3:48pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.