2885 Riachuelo
About This Property
Don't miss this rare chance to own a single-level home on a huge, flat 11,625 sq ft lot in one of San Clemente's most desirable neighborhoods-Forster Ranch! This is one of the lowest-priced homes in the area, offering unbeatable value and endless potential.
With 3 bedrooms, 2 bathrooms, and 1,557 sq ft of living space, this fixer-upper is perfect for those looking to customize and create their dream home. Whether you're an investor, a first-time buyer, or ready to build your forever home, the possibilities here are endless.
Enjoy the coastal lifestyle with bike rides to the beach and take advantage of the top-rated Truman Benedict Elementary and Bernice Ayer Middle School, just a short walk away. You'll also love the proximity to community parks, greenbelts, hiking trails, and tennis courts.
Plenty of room for a pool, ADU, or expanded outdoor entertaining space-this oversized lot is a rare find! No Mello-Roos, low HOA, and just minutes to downtown San Clemente, shops, restaurants, and world-class surf.
Location. Lot size. Lifestyle. Value. This one checks all the boxes-don't wait!
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Relisted | $1,299,000 | |
| Relisted | |||
| Aug 14, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by Re/Max Coastal Homes | $1,299,000 | |
| Listed by Re/Max Coastal Homes | |||
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About Forster Ranch
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017