146 Avenida Miramar

This week’s listing is a great investment property in the heart of downtown San Clemente.

146 Avenida Miramar
Duplex: Upper unit is 3 beds, 2 baths; Lower unit is 2 beds, 2 baths
2,628 square feet

house 1
Here’s why I think this is a great buy:

  • Location, location, location: Only 3 1/2 blocks to Avenida Del Mar (shopping, restaurants, bars), and less than a mile from the San Clemente Pier, parks, and the Metro Link station
  • The units are ready for renters: new windows, roof was redone 5 years ago, electrical and plumbing were updated 3 years ago
  • The units are very eco-friendly, which is good for the environment and your pocketbook: energy-saving appliances plus water-efficient toilets, shower heads, and faucets
  • The cap rate is 4.52%, which is above average for the area (cap rate is yearly income divided by purchase price)
  • Both units get one garage space, in addition to driveway parking. This is a big deal since street parking can be tough in this area, especially during summer

Want to check it out? Contact me today.