San Clemente Four Unit Building In-Escrow - 105 Avenida Rosa

A San Clemente four unit building has just gone into escrow by Beach Cities Real Estate broker associates Scott Bingham and Sam Smith who represent the buyer.  The property is located at 105 Avenida Rosa in San Clemente, California and is on the market for sale for $869,000.  The four-plex building offers a prime location situated on the ocean side of the 5 freeway and just blocks to the Pacific Ocean near the San Clemente Pier.  All of the units in this building are one bedroom with some recent renovations.  The rents are all projected to be $1,300 a month with current currents at $1,250, $1,200, $1,150 and $1,080 a for a total actual rent of $4,680 a month.  The building comes with 4 separate electric and gas meters with a total gross scheduled income of $56,160.00

San Clemente Income properties are very hot right now as inventory is very low while prices remain very competitive and attractive to real estate investors.  Currently, there a total of 16 multi-use buildings on the market right now in San Clemente that range from 2 to 10 units.  The biggest market is for duplex to four-plex properties priced under the one million dollar price point which there are 7 properties currently available for sale.  Scott & Sam work with local San Clemente lender Jeff Moore who helped analyze the monthly payments for this investment property.  For those considering buying an investment property in the San Clemente area should contact Scott Bingham at 949-412-3515.  Jeff Moore can be reached as well at 949-291-9093.