Under contract

Active Under Contract

227 W Canada 1-3

San Clemente CA, 92672

$1,850,000


$796.73 per sqft

Under contract

Active Under Contract

2,322 sqft

Multi-family

Built in 1964

Listed by Johanna Andren with Compass 949-293-2196

Check out this awesome triplex in San Clemente! It's in a prime spot, just a short walk to the beach, parks, schools, and all the cool shops and restaurants downtown. Here's what makes it a great find:

Highlights:
Location: Right in the heart of coastal San Clemente, super close to three beach access points.
Units:
Unit #1: 1 bed/1 bath with a big private balcony, rented month-to-month.
Unit #2: 1 bed/1 bath, recently updated with a balcony that has peek ocean views, leased until 2025.
Unit #3: 2 bed/2 bath with a patio and deck, also rented month-to-month.
Parking: Plenty of space with 6 spots (3 covered, 3 uncovered) and a big backyard that's perfect for future projects.
Investment Potential:
ADU Plans: The city has approved plans for two extra 1 bed/1 bath units in the backyard, which could boost your annual income by $72,000.
Extra Space: There's a huge unfinished basement that could be turned into a community room, gym, or storage for extra cash. Plus, there's a laundry room that could bring in $400 a month.
Why It's a Great Deal:
Price: Listed at $1,850,000 it's a solid investment in the South OC area.
Growth Potential: With plans for more units and other income opportunities, there's lots of room to grow your investment.
Upgrades: The building is well-kept with recent updates like a new water line, relined sewer, and new water heater.
This triplex is a rare gem in the South OC market, offering both steady rental income now and lots of potential for the future. If you're looking to invest, this place is definitely worth a look!

OC24233737

MLS ID

November 13, 2024

Listed

December 5, 2024

Updated

Map

227 W Canada 1-3
San Clemente CA, 92672

Interior Features

Total Stories

1


Interior Features

Primary Suite


Appliances

Gas Cooktop, Disposal, Refrigerator, Dryer, Washer


Laundry Description

Common Area, Laundry Room


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

Back Yard, Level, Near Park, Yard


Sewer

Public Sewer

Other Property Details

Area Name

SW - San Clemente Southwest


Days on Market

21


Garage

No


Parking

Attached Carport, Covered, Carport, On Site, One Space, Tandem, Uncovered


Parking Total

6


View

Yes


View Description

Neighborhood, Ocean, Peek-A-Boo


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Waterfront

Yes

Listing History

Date

Event

Price

12/3/2024

Under contract

Listing Contact: 949-546-6260 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 1:31 PM UTC

 

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