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960 Avenida Presidio
About This Property
This single-story home offers four bedrooms, two bathrooms, a two-car garage, and is situated on a large lot with beautiful coastline views spanning San Clemente, Dana Point, and beyond. The property remains in completely original condition and offers a unique opportunity for renovation and customization. The lot is currently un-landscaped and features the original driveway. The roof was replaced in 1999 but may require corrections to maintain insurance. A home inspection was completed in 2025 and is available for prospective buyers to review. The property is being sold strictly AS-IS, with no repairs, credits, concessions, or seller-paid improvements. All offers are subject to probate court approval. The owner passed away of natural causes in the property approximately two years ago.
Buyers are advised to conduct their own due diligence and investigations regarding the condition of the property, required code corrections, and any potential improvements. A rare opportunity to transform a single-story coastal-view property and create a home tailored to your vision.
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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 |
|---|---|---|---|
| Oct 28, 2026 | In contract | - | |
| In contract | |||
| Oct 18, 2026 | No longer available | - | |
| No longer available | |||
| Sep 27, 2026 | Listed by First Team Real Estate | $1,200,000 | |
| Listed by First Team Real Estate | |||
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