$1,515,000
●
House -
Off Market
2849 Penasco
San Clemente, CA 92673
3 Beds
2 Baths
1,235 Ft²
$6,523
Est. Monthly
$140
HOA / Fees
About This Property
Wake up to breathtaking panoramic views that stretch from Mt. Baldy
to Saddleback Mountain, overlooking the surrounding community
below. This bright and airy 3-bedroom, 2-bath home sits on an
expansive 9,375 sq. ft. lot, offering privacy, RV parking, and a
single-loaded street setting.
Natural light fills the home, enhancing the open and uplifting feel while drawing your eye to the sweeping vistas. It is truly a daily wow moment whether you are enjoying your morning coffee or hosting guests. The oversized lot provides ample room for expansion, making this a rare opportunity to customize or build your dream space while preserving the incredible views.
Ideally located near Truman Benedict Elementary School, Bernice Ayer Middle School, and Forster Ranch Community Park, and just a short drive to the beach. No Mello-Roos.
The property is being sold as-is and presents a clean home with rare views, space, and long-term upside. This is San Clemente living at its finest!
Natural light fills the home, enhancing the open and uplifting feel while drawing your eye to the sweeping vistas. It is truly a daily wow moment whether you are enjoying your morning coffee or hosting guests. The oversized lot provides ample room for expansion, making this a rare opportunity to customize or build your dream space while preserving the incredible views.
Ideally located near Truman Benedict Elementary School, Bernice Ayer Middle School, and Forster Ranch Community Park, and just a short drive to the beach. No Mello-Roos.
The property is being sold as-is and presents a clean home with rare views, space, and long-term upside. This is San Clemente living at its finest!
Unit Size
1,235 Ft²
Days on Market
39 days
Land Size
0.22 acres
Price per sqft
$1,053
Property Type
House
Property Taxes
-
HOA Dues
$140
Year Built
1985
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 8 months ago (CRMLS #OC26009786)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Listed by Regency Real Estate Brokers | $1,299,900 | |
| Listed by Regency Real Estate Brokers | |||
Property Highlights
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Forster Ranch
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Listed by: Willis Lee, Regency Real Estate Brokers
Last Updated: 8 months ago
Data Source: CRMLS, MLS# OC26009786
Last Updated: 8 months ago
Data Source: CRMLS, MLS# OC26009786
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