48
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$2,650,000
Est. payment /mo
4 Beds
4 Baths
4,000 Sqft Lot
Price Dropped by $185K
3215 S El Camino Real San Clemente, CA 92672
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26053645
Bedrooms 4
Lot Size 4,000 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
3215 S El Camino Real presents a rare coastal investment opportunity consisting of a brand new construction 3-bedroom, 2.5-bath single-family residence and a detached 1-bedroom, 1-bath ADU in one of San Clementes most desirable neighborhoods. The property offers the flexibility of owner-occupancy with rental income or a long-term investment in a high demand coastal rental market. Seller financing available for qualified buyers (Terms Negotiable). Based on comparable units next door, the pro-forma rental income is estimated at $6,250/month for the main residence and $3,200/month for the detached ADU, for a total projected gross income of $9,450/month ($113,400 annually) (buyer to verify). Using an estimated 30% operating expense ratio, the property produces a projected net operating income of approximately $79,380, resulting in an estimated 3% pro-forma cap rate at the $2,835,000 asking price. Both residences feature modern construction, efficient layouts, and rooftop decks with ocean views, creating strong rental appeal in a market where new coastal inventory is extremely limited. The detached ADU provides a separate income stream with privacy between units, a highly desirable configuration for tenants and owner-users alike. Located minutes from the beach, San Clemente Municipal Golf Course, scenic hiking trails, and convenient access to the 5 Freeway, the property combines coastal lifestyle with stable long-term rental demand. A unique opportunity to acquire a newly built coastal asset with dual income potential in a predominantly single-family neighborhood.
Location
State CA
County Orange
Zoning Other
Direction East side of S El Camino Real between Avenida San Fernando and Avenida Buena Ventura
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 06009347
Acceptable Financing Cash, Conventional, Seller May Carry
Listing Terms Cash, Conventional, Seller May Carry
Listed by Sean Toohey, DRE#02172754 Greysteel California, Inc.
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