615 Calle Campana, San Clemente, California 92673, San Clemente, - bed, bath

home-pic
ACTIVE$1,900,000
615 Calle Campana, San Clemente, California 92673
0Bed
0Bath
6,970Sqft
6,970Lot
Year Built
1973
Close
-
List price
$1.9M
Original List price
$1.99M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25085551
Home ConditionExcellent
Features
ViewNeighborhood

About this home

The subject property consists of four units, offering a total of 2,924 square feet of rentable space situated on a 0.17-acre lot. Ideally positioned near the 5 Freeway and San Clemente’s popular Ocean View Plaza, the location provides excellent accessibility for tenants. Less than three miles from both Doheny State Beach and Capistrano State Beach, the property is in close proximity to some of Southern California’s most desirable coastal destinations. This vibrant area of San Clemente is rich with residential amenities, including top-rated schools, scenic parks, shopping centers, diverse dining options, and convenient transportation access. The neighborhood features a variety of residential building types—from luxury single-family homes to multi-family apartment complexes—ensuring a strong, established demand for housing and services in the immediate area.

Price History

Date
Event
Price
10/10/25
Price Change
$1,900,000
05/02/25
Listing
$1,989,990
Condition Rating
Excellent

Despite being built in 1973, the property has undergone a very recent and extensive renovation. The kitchen features new white shaker cabinets, modern white solid-surface countertops, a stainless steel undermount sink with a contemporary faucet, and new stainless steel appliances. The bathroom is fully updated with a new tub/shower unit, toilet, and modern fixtures. New LVP flooring, fresh paint, and updated light fixtures are present throughout the visible interior, indicating all components are new or virtually new and meet current quality standards.
Pros & Cons

Pros

Multi-Unit Income Potential: Consisting of four units, this property offers diversified rental income streams, making it an attractive investment opportunity for steady cash flow.
Prime Coastal Proximity: Located less than three miles from Doheny and Capistrano State Beaches, it offers tenants desirable access to Southern California's popular coastal attractions.
Excellent Accessibility: Strategically positioned near the 5 Freeway and San Clemente’s Ocean View Plaza, ensuring convenient transportation and access to local amenities for residents.
Robust Neighborhood Amenities: The vibrant San Clemente area provides tenants with access to top-rated schools, scenic parks, diverse shopping, dining options, and essential services.
Established Housing Demand: The diverse residential market in the immediate area, ranging from luxury homes to multi-family complexes, indicates a strong and consistent demand for housing.

Cons

Property Age: Built in 1973, the property is over 50 years old, which may necessitate significant capital expenditures for system upgrades, renovations, or deferred maintenance.
Lack of Renovation Details: The description does not specify any recent renovations or upgrades to the units, suggesting they might be dated and require investment to maximize rental potential or attract modern tenants.
Recent Price Reduction: The property has undergone a price reduction from its original list price, which could indicate initial overpricing or a slower market response than anticipated.

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