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REO – Mix use San Clemente project

Category: Commerical REO

Not listed on market

Mix use  San Clemente project:

The address is – 1520 N. El Camino Real, San clemente, CA

Status – the project is 100% complete

Recent comp $ 400 per sq ft across the street

Offered at $7.5 to $8mm – MAKE OFFER

Members Only Request Project Information – NO BROKERS

Here’s some add’l info:

  • There is an appraisal value with high of $14.25 mil and the low was $9.76 mil done in 01/07/08.
  • The project was built as a condo project mixed use project which is 98% completed.
  • The developer had over $3 mil invested plus a $6.5 million construction loan fully drawn down.
  • The property is now REO
  • For the right buyer, the bank may provide financing.
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