32301 Alipaz, San Juan Capistrano, California 92675, San Juan Capistrano, 92675 - 0 bed, 0 bath
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San Juan Capistrano, California 92675
Analysis of 32301 Alipaz, San Juan Capistrano, California 92675 is currently available with a list price of $2,800,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Juan Capistrano Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property is in move-in ready condition and appears well-maintained. Interior images reveal significant updates including modern kitchens with stone countertops and stainless steel appliances, updated bathrooms with contemporary vanities, and durable laminate wood-look flooring. The addition of a brand-new roof and central A/C systems further supports this rating. While the original structure dates to 1989, the extensive interior renovations and system maintenance align with the 'good' criteria.
Tenants pay all utilities including electricity, gas, and water, which is rare for multifamily properties and significantly reduces owner operating expenses while maximizing net income.
All four units feature a spacious 3-bedroom, 2-bathroom layout with private yards, garages, and in-unit laundry, making them highly attractive to long-term family tenants.
The property is 100% occupied and features significant recent upgrades, including a brand-new roof and central A/C, ensuring immediate cash flow with minimal near-term capital expenditures.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10890, other record lot size in square feet = 10792.
The assigned elementary school has a rating of 3/10, which may deter some families and impact the long-term desirability of these family-sized units.
The property offers no views, which may limit its appreciation potential and competitive edge compared to other coastal-adjacent investments in San Juan Capistrano.
Rare opportunity to acquire a well-maintained 4-unit multifamily property situated on an expansive 11,000+ sq ft lot in the desirable city of San Juan Capistrano. This property offers strong in-place income with minimal owner expenses. Each spacious unit features 3 bedrooms, 2 bathrooms, brand new roof, fireplaces, in-unit laundry rooms, private yards, 4 garages, and central A/C, along with numerous upgrades throughout the property. The building is 100% occupied, providing immediate and stable cash flow. Tenants pay all utilities including electricity, gas, and water, significantly reducing operating expenses. Ownership is responsible only for gardening and insurance, making this a low-maintenance investment.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,980 | 2,224 | 67% |
| Lot Size | 10,890 | 8,712 | 67% |
| Price | $2.80M | $1.57M | 67% |
| Price per sq ft | $562 | $607 | 33% |
| Built year | 1989 | 1973 | 67% |
| HOA | $0 | $28 | 33% |
| Days on market | 47 | 47 | 67% |
Mar 6, 2026
$2,800,000
Initial Listing
Sep 21, 2007
$1,575,000
Public Record