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Key Details
Sold Price $4,162,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,071 sqft
Price per Sqft $820
MLS Listing ID CL25589837
Sold Date 10/24/25
HOA Y/N No
Year Built 1965
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Other
Property Description
244 W. Escalones is a fully renovated 7-unit apartment building just 220 ft. from beach access and the San Clemente Beach Trail. Offering the highest cap rate of any 5+ unit property in the city, this stabilized asset is fully occupied and cash flowing. Unit mix includes studios, one-bedrooms, and a free-standing 3-bedroom SFR. The property has over $1.3M invested in upgrades inside and out. Originally 6 units, the addition of a permitted ADU brings even more income potential. Expansion plans for the SFR's second story offer future value-add opportunity.
Location
State CA
County Orange
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 69208233
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with MichaelO'neill Ii