Description

Welcome to this charming 1960s Bungalow-Style Duplex in the heart of San Clemente. Located just moments from San Clemente’s world-famous beaches and the vibrant downtown area of Del Mar, this duplex presents an incredible opportunity for investors or owner-occupants seeking a high walk score and coastal living at its finest. Perfectly blending timeless charm with modern convenience, the property features two 2-bedroom, 1-bath units, each spanning 890 square feet and offering a light-filled, inviting atmosphere. Unit A has been thoughtfully updated with Corian countertops in the kitchen and bath, stainless steel appliances, high-performance vinyl floors, and custom cabinetry. Both units feature open and spacious living areas, new windows throughout, and abundant natural light. Unit A’s full bathroom showcases elegant custom tilework and updated Corian countertops. Adding to the property’s appeal, each unit includes a private side yard patio—perfect for outdoor dining, relaxation, or entertaining along with private storage and laundry rooms. Four dedicated carport spaces (two per unit) provide ample parking. From an investment standpoint, projected market rents of $3,400 and $3,500 per unit provide an estimated gross annual rental income of $82,800. With projected annual operating expenses of approximately $15,854, the property is expected to generate a net operating income of $66,946. Based on the current list price of $1,675,000, this equates to a pro forma cap rate of roughly 4.0%—a strong balance of location, lifestyle, and investment potential in one of Southern California’s most desirable coastal communities.