108 E El Portal, San Clemente, CA 92672
Property · 2 recorded sales since 2015
Sold October 2020
Listing Agent: Sean Grange (DRE #01343165) · Listing Office: Compass · Contact: 949-438-4340 · Bought with: Mehdi Taghiei · Mehdi Taghiei, Broker · MLS #OC20171287 · Source: CRMLS
About this property
Prime income-producing 3-plex in the heart of San Clemente, just minutes from world-class beaches and downtown shops and restaurants. Extremely stable investment building with no vacancies and fantastic tenants. Great unit mix and layouts make this building a fantastic long-term investment at the beach. All units are occupied. Unit #A is a large three bedroom, two bathroom single story ground level(potential owner's unit), Unit #B a two bedroom, two bathroom upper level with ocean view deck and Unit #C a two bedroom, one & half bath upper level with ocean view deck with total building square footage of almost 3100 sq ft. Well maintained property with improvements including remodeled kitchens, bathrooms and some flooring. Newer composition roof, newer dual pane windows in some of the property. Plenty of parking with attached 3 car garage and 3 large driveway parking spaces. On site landlord-owned laundry facility generates additional monthly income. Nice west of the freeway location is always easy to find great tenants. Great proximity to quaint downtown San Clemente, North Beach, train station, shopping, schools, freeway & all the world famous San Clemente Beaches. Low existing rents to prevailing market provides good upside rent potential. Operating expenses reflect revised estimated property tax amount of new purchase.
Listing description from the October 2020 sale, as reported to CRMLS.
Sale history
