APARTMENT BUILDING INVESTMENT PROPERTIES IN SAN CLEMENTE CA - SOUTHERN CALIFORNIA

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Real Estate Agent with Thomas Waite Real Estate Broker
http://actvra.in/7sN

San Clemente: A small, sleepy community located in South Orange County, California. As of 2005, the city boasted a population of 65,900.  It's just south of San Juan Capistrano and just north of the Northern tip of San Diego County, it is known for its ocean, hill, and mountain views, pleasant climate and Spanish Colonial style architecture and was home to the Nixon Western White House.

San Clemente CA    Click photo to view properties

 

CNBC predicts a second dip in housing sales which means more foreclosures and more displaced homeowners. Google March 23rd Gary Schilling interview.

California has a 900 mile coastline and NO ONE is capable of building anymore coastline.  The Los Angeles Basin is bordered by the mountains on the east, the Pacific Ocean on the west, San Diego on the south and Malibu on the north.  The warm desert breezes run into the cool ocean breezes and create a Mediterranean climate that everyone in the world to aspires to experience.  However, right now, California real estate is experience the same downturn that every place in America is currently experiencing.

The farther down the property values descend during this economic slowdown (the Great Recession of 2006-2020?) the more properties which will fall below the "underwater line".  This means that the loans on the property are larger than what can be paid by selling the property at current market value (CMV).

Apartment Building Investments in Orange County CA are going to be a spectacular move in the very near future and will begin their upside value appreciation as the single family market continues to deteriorate.  The more homeowners who lose their homes to foreclosure or short sale, the more apartments will be needed.  Building new apartments in North Orange County, CA is nearly out of the question because the cost of small vacant parcels makes the cost of new construction prohibitive.  Over the past 20 years the Cities have created such stringent "off street" parking restrictions that most of the older 4 Plex sized parcels no longer qualify without a costly building code "variance".

So, buy Orange County Apartment Buildings before the prices and interest rates go up, again.  Call me Now!

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Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

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Rainmaker
1,419,347
Rebecca Gaujot, RealtorĀ®
Coldwell Banker Stuart & Watts Real Estate - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

Tom, San Clement has a population of 65,000 ...WOW makes my little town of 5,000 so tiny, tiny tiny!

Mar 30, 2011 05:10 PM #1
Rainmaker
580,054
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Tom, look like some really nice places there.  I'm sure the weather is hard to beat there as well!!!

Apr 09, 2011 12:26 AM #2
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Tom Waite

So Cal-Apartment Bldg Investments
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