This week’s listing is in the Ocean Fairways Complex of San Clemente. It’s great for an investor (60 units in this complex are rentals), or for a first-time buyer looking to get into this area for less than $400K.
2501 S. El Camino Real, Unit #119
2 bed, 2 bath
1,325 square feet
Here’s why I think this is a great buy:
- Location: It’s so close to the San Clemente Municipal Golf Course that you have a direct view of hole 6. Plus, you’re close to local beaches (including world-famous Trestles) and downtown San Clemente with all its shops and restaurants
- At $293/square foot, this property is a better deal than similar properties in other parts of San Clemente
- Another unit in this complex sold for $400,000 last month–and it wasn’t quite as nicely renovated as this one
- An investor could turn a small monthly profit: If you put down 20%, your mortgage plus HOA ($325) would come to about $1900/month. The unit should rent for at least $2000/month
Want to check it out? Contact me today.