118 E Escalones, San Clemente, California 92672, San Clemente, - bed, bath

home-pic
ACTIVE$1,875,000
118 E Escalones, San Clemente, California 92672
0Bed
0Bath
3,000Sqft
3,920Lot
Year Built
1978
Close
-
List price
$1.88M
Original List price
$1.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24197848
Home ConditionGood
Features
Good View:
Deck
View-

About this home

Excellent opportunity to own an Income Property in the Beautiful Beach Town of San Clemente! This Duplex features: Unit #A 3 bedroom with 2 baths and a Peekaboo Ocean View. Wonderful Open Floorplan filled with Natural Light and Vaulted Ceilings throughout. Newer Kitchen and Bathroom Cabinets, along with Granite Countertops, Laminate Flooring throughout. Unit #B 2 Bedrooms with 1.5 Baths and a Peekaboo Ocean View, Upstairs Living areas open floorplan filled with Natural Light and Vaulted Ceilings. Newer Kitchen and Bathroom Cabinets, along with Granite Countertops. Unit has been freshly Painted and New flooring. Both units have balconies to enjoy the outdoor space. Unit B has a wrap around yard. Both units have a oversized garage and extra storage space. Property includes a separate Laundry room to generate Additional Income. Property includes a separate owners storage unit.

Price History

Date
Event
Price
08/08/25
Price Change
$1,875,000
09/24/24
Listing
$1,899,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds00
Baths00
Square foot3,0002,385
75%
Lot Size3,9203,920
50%
Price$1.88M$1.73M
67%
Price per square foot$625$725
17%
Built year19789815982
88%
HOA
Days on market407158
92%
Condition Rating
Good

The property, built in 1978, has undergone significant interior renovations, including 'newer' kitchen and bathroom cabinets with granite countertops, stainless steel appliances, and updated flooring (laminate, wood-look tile, and new carpet) and fresh paint in both units. The kitchens and bathrooms feature modern styles and appear to be in excellent condition, making the property move-in ready with no immediate cosmetic updates required. While the building's core is older, the extensive recent updates align with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Income-Generating Asset: The property is explicitly marketed as an 'Excellent opportunity to own an Income Property,' featuring a duplex setup with an additional income stream from a separate laundry room, making it highly attractive to investors.
Prime Coastal Location: Located in the 'Beautiful Beach Town of San Clemente' and the 'SC Central' area, offering high desirability, strong rental demand, and proximity to coastal amenities.
Updated Interiors: Both units have been recently updated with newer kitchen and bathroom cabinets, granite countertops, laminate flooring, and fresh paint, reducing immediate renovation needs for a new owner or tenants.
Desirable Unit Features: Units boast open floorplans, abundant natural light, vaulted ceilings, and private balconies, enhancing living appeal and potential rental value, complemented by 'peekaboo ocean views'.
Ample Parking and Storage: Each unit includes an oversized garage and extra storage space, along with a separate owner's storage unit, providing significant practical advantages in a beach community where parking and storage are often at a premium.

Cons

Limited Ocean View: While offering 'peekaboo ocean views,' this implies a partial or obstructed view, which may not meet the expectations of buyers seeking expansive, unobstructed ocean vistas.
Property Age: Built in 1978, the property is over 45 years old. Although interiors are updated, the underlying structure and major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their lifespan, potentially requiring significant future capital expenditures.
Property Type Discrepancy: The description details a 'Duplex' with two units, but the 'sub_type' is listed as 'Triplex.' This inconsistency requires clarification for accurate valuation and understanding of the property's full income potential and classification.

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