239 Avenida Pelayo - Apartments FOR SALE


San Clemente, CA 92672
$3,525,000 USD
949-573-5309
239 Avenida Pelayo, San Clemente, CA for Sale
$3,525,000 USD
Apartments - FOR SALE
1/23
null | 5% Cap Rate

239 Avenida Pelayo
San Clemente, CA 92672


HIGHLIGHTS

  • 5% Cap Rate on Current Rents (Highest Coastal Cap on Market
  • All Units Renovated
  • Pride of Ownership asset and location
  • Potential to build LARGE 7th 2bed/2bath ADU Unit

OVERVIEW

Prime Coastal Turnkey Asset! All 6 units are extensively renovated; upgrades include: vinyl floors, brand new cabinetry, new appliances, vinyl dual pane windows, new paint, new bathrooms, new plumbing fixtures, brand new heating, granite counter tops, new lighting and electric fixtures. This is the HIGHEST CAP RATE in all Orange County Coastal Markets. Both buildings are freshly painted and landscaped! This is an excellent opportunity to acquire a pride of ownership and low management intensive investment property steps from the beach!

FOR SALE DETAILS

PRICE

$3,525,000 USD

PRICE/SF

$568 USD /SF

# OF UNITS

6

PRICE/UNIT

$587,500

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,004 SF

ZONING

R3, San Clemente

APN/PARCEL ID

692-113-03

ASK ABOUT THIS PROPERTY

Randall MycornR.L.M. EquitiesMore Info
949-573-5309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Randall MycornR.L.M. EquitiesMore Info
949-573-5309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.