This week’s listing is a great income property in Capistrano Beach. You have to come in with a substantial down payment in order to make a profit each month, BUT the appreciation potential in this area is huge.
26151 Via California
Unit 1: 3 bed, 2.5 bath
Unit 2: 2 bed, 2.5 bath
3,600 square feet total
Here’s why I think this is a great buy:
- Like I said, the appreciation potential is huge. With the revival of the nearby Dana Point Harbor and Lantern District, along with planned upgrades to Capo Beach, property values should rise in the future
- Both units are spacious and clean. There is an opportunity for some nice renovations, but the properties could rent as is for now
- Highly-rated schools: Palisades Elementary is an 8, Shorecliffs Middle School is an 8, and San Juan Hills High is a 9
Want to check it out? Contact me today.