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3206 Avenida Del Presidente
San Clemente, CA 92672
High Tide · Multifamily Property For Sale · 22 Units
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.53 AC |
| Property Type | Multifamily | Building Size | 18,558 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 2.1/1,000 SF |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 18,558 SF |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 2.1/1,000 SF |
About 3206 Avenida Del Presidente , San Clemente, CA 92672
This is an exceptionally rare opportunity to own a midsize apartment complex in San Clemente. There are approximately 8 buildings in all of San Clemente between 20-30 units and they rarely come available for purchase. This building has been owned and operated by the current ownership since 1987, when the property was built. Over half of the units receive ocean views and its proximity to San Clemente State Beach makes this location a highly desirable rental spot. The current rent levels are estimated to be 25-35% below market rents depending on the amount of improvements someone intends to perform. Through upgrades to the interiors as well as cosmetic improvements to the exterior, an investor can realize significantly higher rent levels which will increase the cash flow and substantially improve the value of the property. The increase in equity will far outpace the cost to achieve the higher income.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,325 | - |
| 2+2 | 16 | $1,625 | - |
| 3+2 | 2 | $2,100 | - |
PROPERTY TAXES
| Parcel Number | 060-251-09 | Improvements Assessment | $3,929,933 |
| Land Assessment | $8,645,856 | Total Assessment | $12,575,790 |
PROPERTY TAXES
