155 W Mariposa

San Clemente, CA 92672

PRICE REDUCED

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-$500,000 (-10.21%)

$4,395,000

List Price

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1960

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Property Description

With its outstanding location in the heart of San Clemente and an impeccable tenant history, this eight-unit apartment building presents one of the best commercial residential income opportunities in coastal Orange County. Just minutes from the beach, San Clemente’s classic pier, an elementary school, parks, and wonderful shopping and dining attractions along Avenida del Mar, the two-story 1960 Mid-Century Modern building is professionally managed and beautifully maintained inside and out. Eight apartments are centered around a quiet courtyard garden, with four featuring two bedrooms and one- and one-half baths, and four offering one bedroom and one bath. Total living space spans approximately 6,036 square feet, and the rare double sized lot property encompasses about 9,583 square feet. Upgrades include dual-pane windows, upper-floor balcony arbors, a newer roof, and easy-care wood-inspired laminate flooring. A laundry room is featured, and each unit includes a private one-car garage with roll-up door. Located west of I-5, this classic apartment building is a short stroll from Max Berg Plaza Park, and stores and restaurants that line El Camino Real. Dana Point’s harbor and lively Lantern Village are only moments away. This is a great long term steady investment in a town with strong rents and rising property values. San Clemente is one of the nicest beach towns with great climate with an extremely low vacancy on apartments.

Listing Information

List Price $4,395,000
Status Active
MLS OC24126760
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1960
Lot Size 9,583
Structure Size N/A
DOM 50
Courtesy Of Inhabit Real Estate
Listing Agent Doug Echelberger DRE#01176379

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
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Flooring Information
Material Laminate
Fireplace Information
Features None
Additional Information
Additional Features Balcony, Laminate Counters
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Doug Echelberger, Inhabit Real Estate 949-498-7711. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.