1202 Avenida De La Estrella
About This Property
Welcome to 1202 Avenida De La Estrella, a delightful property located in the heart of San Clemente! Situated on an expansive double lot, this single-level home offers a unique investment chance with a 2-bedroom, 1-bathroom 'apartment' above the garage.
This distinct property grants access to the coveted San Clemente market while also helping to offset costs. Opt to reside in the main house while renting out the apartment, or use it as a perfect suite for guests or as a mother-in-law apartment. The main house features a spacious and open layout, a large living area with mesmerizing ocean views, and a cozy fireplace. Adjacent to the living room, the dining area merges seamlessly with the updated kitchen.
The main home's enlarged primary bedroom offers ocean views and includes a dedicated retreat or office space. The primary bathroom is equipped with dual sinks along with a separate bathtub and shower. Additionally, two good-sized secondary bedrooms prioritize comfort and functionality.
Recent upgrades throughout the home include fresh interior and exterior paint, new carpeting, and more. The apartment boasts a spacious walk-out balcony, a kitchen, a bathroom, and two bedrooms, enhancing its appeal and functionality. Dual single-stall garages feature individual washer/dryer hookups, with one garage containing a half-bath. An extra room near the garage offers flexibility for use as an office, playroom, or creative space- the possibilities are endless. With its corner location, the property also benefits from ample parking and storage options.
Just a short walk from the beach, parks, and downtown San Clemente, this home places you at the center of leisure and entertainment activities. Move in "as is" or transform this gem into your dream beach home/investment property.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| May 4, 2024 | Listed by Re/Max Coastal Homes | $2,195,000 | |
| Listed by Re/Max Coastal Homes | |||
Property Highlights
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About San Clemente
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017