156 W Escalones, San Clemente, CA 92672

Property Description

Welcome to 156 W. Escalones, a beach-close 4-unit investment opportunity located in the coastal community of San Clemente. The offering of 156 W. Escalones is perfectly located just over 2 blocks to direct beach access with prized surfing locations, easy access to San Clemente Historic Pier via San Clemente Beach Trail, Del Mar (Downtown) with countless shops, dining & entertainment, and Las Palmas Elementary School. 156 W. Escalones is comprised of an extremely desirable unit mix of (4) two bedroom/one bathroom, single story units, each with their own garage and community laundry. Recent capital improvements include new exterior paint, retaining wall and newer garage doors. Priced at 4% CAP rate on current rents and realistic expenses makes 156 W. Escalones one of best opportunities on the market. Obtaining a loan with a 10 year fixed rate and interest only payments will produce immediate cash flow for an investor with room to improve through rent increases. This is an exceptional opportunity to own an ideal unit mix in one of Orange County's best coastal communities. *All 2-Bedroom, Single Story Units, *Just Over 2 Blocks to Direct Beach Access, *Newer Garage Doors, *Steps to Las Palmas Elementary School & Max Berg Plaza Park, *New Exterior Paint & Retaining Wall, *10 Year Fixed, Interest Only Financing Available