1604 Calle Las Bolas, San Clemente, CA 92672

$2,800,000
4,400
SqFt
Sold Price
$2,800,000
List Price
$2,985,000
Closing Date
Mar 29, 2019
Status
CLOSED
MLS#
OC18286604
Year Built
1955
Living Sq. Ft
4,400
Lot Size
11,574
Acres
0.2657
Lot Location
Level
Days on Market
75
Property Type
Multifamily
Stories
One Level
Neighborhood
Other (Othr)
Days on Market
75

Property Description

1602, 1604 & 1606 Calle Las Bolas - DRAMATIC 300K PRICE IMPROVEMENT!!! Spectacular location for these three Pride of Ownership investment properties in the highly desirable & historic beach community of San Clemente on the ocean side of El Camino Real. This pride of ownership property has not been on the market for 40 years! The 3 parcels consist of two 4 unit buildings and a charming 50’s cottage. 1602 is a 2br,1 bath cottage with private backyard. 1604 is a 4-plex with 1br, 1ba units & 1606 is a 4-plex with studio units. These cottage style units have wood beam ceilings & some have skylights. The three properties combined have a total of 9 parking spaces plus one garage. Invest in the true essence of coastal living in this classic 1950’s income property. This unique offering is a rare opportunity to purchase 3 contiguous properties with good income, yet still has room to maximize your investment with an upside in income depending on your vision (value add or develop the property). Current rents are approximately 30% under market rents. Fully occupied & easy to rent. This beach side area is experiencing an increase in development, renovation of historic properties & expansion. Properties are just a 5 minute walk to the beach, Ole Hanson Beach Club, Metro transit station, beach trails, restaurants & shopping. The new outlet mall is a short 5 minute drive. It's an excellent time to add this special property located in a high-demand coastal area to your real estate portfolio!

Additional Information

Tract Number
821
Lot Description
Curbs, Sidewalks, Street Lights
Appliances
Free-Standing Range
Pool Description
None
Fireplace Description
None
Heat
Wall Furnace
Cooling Description
None
View
Neighborhood
Roof
Other
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
9

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Betty Elkins-Rice from Betty Elkins-Rice

Listing sold by Richard Green from RE/MAX TerraSol

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.