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155 W Mariposa
For Sale $4,395,000
$4,395,000
- 8 Units
- Unknown Sq Ft
- 9,583 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,395,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 8 spots |
| Year Built | 1960 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 05813136 |
| MLS # | OC24126760 |
| Property ID | 320613255 |
| Lot Sqft | 9,583 |
| Zoning | Unknown |
| Total Units | 8 |
| Days on Market | 145 |
| Original List Price | $4,895,000 |
| Applicances | Electric Range,Disposal,Gas Range% |
| Date Updated | September 30, 2024 |
| Date Created | June 20, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $18,465 | $0 |
| Net Income (Yr) | $ 139,882 |
| Cap Rate | 2.86% |
Listing Provided By
Doug Echelberger an agent of . Lic #01176379
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT