227 W Canada,
Home For Sale
ADU OPPORTUNITY, BEACH CLOSE LOCATION AND POTENTIAL FOR INCREASED INCOME! Welcome to 227 West Canada, a fabulous beach-close triplex located in the heart of Coastal San Clemente w/in walking distance of 3 beach access points. Property boasts a large lot w/ample parking, a spacious rear yard & potential for 2 additional ADU units. Comprised three units, each offering a unique set of amenities & rental potential. Unit #1 is a 1 bed / 1 ba with private balcony on the front of the building; it is currently leased on a month-to-month basis w/a long term tenant. Unit #2, also a 1 bed / 1 ba, has recently been renovated, offers a private exterior balcony/peek-a-boo ocean view & is leased through 2025. Unit #3 is a 2 bed / 2 ba, features a rear exterior patio & is also currently leased on a month-to-month basis w/long term tenants. Total current annual income of $83,640 w/PRO FORMA income of $96,000. This roperty presents an exciting investment opportunity & the property comes w/City of San Clemente approved ADU plans, offering the potential to add TWO detached 1 bed/1 bath 480 sq ft units totaling 960 additional sq ft. The ADU's have potential to increase the annual income by $72,000. Property is sold w/approved ADU building plans, soils report & topographic survey. The property has been surveyed and staked for construction. ADU application is active until 4/2025 & can be extended if the process is resumed before that time according to the city. Buyer to complete their due diligence w/ the City of San Clemente on ability to transfer the project to new applicant/owner & steps for o
Property Details
Additional Information
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- County:
- Orange
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- Zip:
- 92672
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- MLS® #:
- OC24130519
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- Bedrooms:
- 4
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- Lot Size:
- 0.09
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- Neighborhood:
- OC - SAN CLEMENTE (92672)
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Listing information last updated on July 30th, 2024 at 6:17pm PDT.