A Downtown San Clemente duplex has just been sold by Beach Cities Real Estate agent Sherry Bauer who represented the buyers. The property located at 238 Avenida Cabrillo sold for $859,000 and closed escrow on 5/22/2015. The duplex was a mid-century modern style property that was built in 1963 and was located in the heart of the downtown San Clemente area. The upper owners unit featured two bedrooms and two baths and would be anticiapted at renting at $1,900 if on the open market. The other two bedroom, one bath unit was rented out with the owner reciveing $1,900 a month. There was a total of 2 garage spaces with 2 additional uncovered parking spaces.
The San Clemente duplex real estate market is very competive with a very low inventory of multi-family units under the $1 million dollar price point. 238 Avenida Cabrillos sold in 6 days for $9,000 over the original asking price of $850,000. One of the reasons why this sold so quickly and price and location of the property. The 200 block of Avenida Cabrillo is a prime area located just a couple blocks to the beach in the heart of the downtown area. Units that are in good condition and priced under $1,000,000 will typically sell very quickly. To learn more about investing in the San Clemente Real Estate market please contact Sherry Bauer at 949-212-8911 today.