3215 S El Camino Real, San Clemente, CA 92672
- $2,395,000
- List Price
- $2,395,000
- Price Change
- ▼ $100,000 1782247801
- Status
- ACTIVE
- MLS#
- PW26053645
- Year Built
- 2025
- Lot Size
- 4,000
- Acres
- 0.09
- Lot Location
- Corner Lot, Sprinklers In Rear, Rectangular Lot
- Days on Market
- 133
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- N/A
Property Description
3215 S El Camino Real presents a rare coastal investment opportunity consisting of a BRAND NEW construction with a total of 4-bedroom, 3.5-baths. A 3-bedroom/2.5-bath single-family residence with 12-foot ceilings and a detached 1-bedroom, 1-bath ADU in one of the most desirable neighborhoods. Both residences feature modern construction, open layouts, and rooftop decks with ocean views, creating strong rental appeal in a market where contemporary inventory is extremely limited. Located within the STLU zone which allows for short-term rentals, the detached ADU provides a separate income stream with detached units, a highly desirable configuration for tenants and owner-users alike. Seller financing available for qualified buyers (Terms Negotiable). Based on comparable units next door, the pro-forma rental income is estimated at $6,250/month for the main residence and $3,200/month for the detached ADU, for a total projected gross income of $9,450/month ($113,400 annually) (buyer to verify). Using an estimated 30% operating expense ratio, the property produces a projected net operating income of approximately $79,380, resulting in an estimated 3.3% cap rate at the $2,395,000 asking price. The property offers the flexibility of owner-occupancy with rental income or a long-term investment in a high demand coastal rental market. Located minutes from the world-famous surf, San Clemente Municipal Golf Course, scenic hiking trails, and convenient access to the 5 Freeway, the property combines coastal lifestyle with stable long-term rental demand. A unique opportunity to acquire a newly built coastal asset with dual income potential in a predominantly single-family neighborhood.
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Additional Information
- Appliances
- 6 Burner Stove, Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Dining Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Coastline, Hills
- Exterior Construction
- Stucco
- Roof
- Flat
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Storage, Unfurnished, All Bedrooms Up, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $113,400
- Operating Expense
- 32999
Listing courtesy of Listing Agent: Sean Toohey (st@morganskenderian.com) from Listing Office: Greysteel California, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.