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120 E Mariposa — San Clemente | Belmont Brokerage | Belmont Brokerage

Active

+46 more

$1,549,999

24 DOM

— bd— ba— sqft

Call

120 E Mariposa San Clemente, CA 92672

3,920sqft lot

Stunning, fully remodeled 2-unit coastal property offering breathtaking ocean views in one of San Clemente's most sought-after neighborhoods. This turnkey investment has been rebuilt from top to bottom with high-end finishes and thoughtful upgrades throughout nothing has been overlooked. Both units feature new vinyl plank flooring, fresh interior paint, and all-new doors and windows dressed with custom shutters that add a clean, coastal elegance to every room. Beautifully renovated bathrooms showcase new tubs, custom tilework, updated vanities, modern fixtures, and ceiling ventilation fans for added comfort. The kitchens are truly the highlight quartz countertops, custom tile backsplashes, new cabinetry, stainless steel appliances, and included refrigerators deliver a high-end feel that tenants and buyers love. Each unit enjoys its own private, sectioned exterior yard space with newly added side gates providing security and privacy, along with its own dedicated single-car garage featuring epoxy-coated flooring, a new garage door, and opener. A shared laundry room with stacked washer and dryer units is conveniently accessible to both tenants, keeping daily life simple and hassle-free. Newly replaced water heaters in both units ensure efficiency and peace of mind for years to come. Refreshed hardscape ties the entire exterior together seamlessly. The location is exceptional. Walking distance to Old Town San Clemente's acclaimed dining scene, boutique shops, and vibrant weekend farmers market. Just a short drive to the San Clemente Pier, world-class surf breaks, and miles of pristine coastline. San Clemente consistently ranks among Southern California's most desirable coastal communities and for good reason. Whether you're an investor seeking strong rental income, a buyer looking to live in one unit while the other pays your mortgage, or someone exploring the short-term rental market, this property delivers on every level. Dual income, ocean views, a prime walkable location, custom finishes, and a complete top-to-bottom remodel opportunities like this are exceptionally rare. Do not miss it.

MLS PW26042238

562-521-9022 (Office) ray@mira-realestate.com

Est. payment

$9,905/mo

Principal & interestTaxesInsurance

$7,838$1,615$452

Down %

Rate %

Years

Down payment: $310,000 · Total cost: $3,131,550

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$9,905/mo

Principal & interest: $7,838
Est. property tax: $1,615
Est. insurance: $452
Down payment: $310,000

Est. gross rent$6,458/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-3,447/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.