Property Detail

Description

SELLER BUYDOWN AVAILABLE: Seller is offering buyer financing incentives, including interest-rate buydown options, subject to buyer qualification and lender approval. Terms and seller contribution to be negotiated with offer. 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.