Great investment property presented off-market in San Clemente, CA. A white water oceanfront property located on the bluff with panoramic unobstructed views of the stunning California coastline and tremendous views of Catalina Island. Current tenant has occupied the property for 6 years on a yearly lease. The property is 3 separate units and is currently entirely occupied by the current tenant. Tenant is willing to stay. Huge potential to increase rents. This can also be an attractive Condo Development Opportunity or owner occupied with 2 income units or vacation destination to maximize rents on a day to day or weekly basis.
8 Bd 8 Ba (3 separate units) (1 tenant) = 1 - 4bd; 1 - 3bd; 1 - Studio; 3 - Two car garages
OWNER FINANCING AVAILABLE
Gross Annual Income - $240,000 ($20,000 per month)
List Price - $5,300,000 (seller financing offered with $2.4M down) Contact me for terms and conditions.
Oceanfront with Strong long term tenant. There are New Construction luxury condos 3,000+ SF on the lot directly next to subject property which are currently selling at $4.5M starting price. Several already in escrow.
Yvette N. Prelle/Broker PRELLE & ASSOCIATES #01234269
Feel free to call or text me at 949-293-5390 or email me at
email@example.com for more information or a private showing.