514 Avenida Victoria
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514 Avenida Victoria
3 Unit Apartment Building $4,103,576 CAD ($1,367,859 CAD/Unit) 2.93% Cap Rate San Clemente, CA 92672
Investment Highlights
- Incredible Pier Bowl Location – ½ Block to the Pier and Sand
- Located Within the Short-Term Rental Zone
- Washer and Dryer Machines, Patios, Balconies, Garages
- Ocean Views From All Units
- Large 2 & 3 Bedroom Units
- Upgraded Interiors and ADU Potential
Executive Summary
Morgan Skenderian is please to present 514 Avenida Victoria, a rare coastal triplex nestled in the heart of San Clemente’s coveted Pier Bowl! This exclusive ±3,829 SF property, built in 1975, offers spacious 2- and 3-bedroom units just half a block from the sand and iconic San Clemente Pier—the ultimate location for beachside living or investment. With stunning ocean views and ADU potential, this property provides incredible flexibility and opportunity. Located in one of the few short-term rental zones, 514 Avenida Victoria offers exceptional upside in rental income, making it an ideal choice for both investors and vacation-goers. Seize this unique opportunity to own in the vibrant Pier Bowl, a beloved neighborhood known for its coastal charm, walkable lifestyle, and endless access to dining, shopping, and scenic oceanfront pathways.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$181,068
|
$25.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,432
|
$0.77
|
| Effective Gross Income |
$175,636
|
$24.85
|
| Taxes |
$41,485
|
$5.87
|
| Operating Expenses |
$13,731
|
$1.94
|
| Total Expenses |
$55,216
|
$7.81
|
| Net Operating Income |
$120,420
|
$17.04
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $181,068 |
| Annual Per SF | $25.62 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,432 |
| Annual Per SF | $0.77 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $175,636 |
| Annual Per SF | $24.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,485 |
| Annual Per SF | $5.87 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,731 |
| Annual Per SF | $1.94 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $55,216 |
| Annual Per SF | $7.81 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $120,420 |
| Annual Per SF | $17.04 |
Property Facts
| Price | $4,103,576 CAD | Apartment Style | Low Rise |
| Price Per Unit | $1,367,859 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 2.93% | Building Size | 3,829 SF |
| Gross Rent Multiplier | 22.66 | No. Stories | 3 |
| No. Units | 3 | Year Built | 1975 |
| Property Type | Multifamily | Parking Ratio | 2.09/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,103,576 CAD |
| Price Per Unit | $1,367,859 CAD |
| Sale Type | Investment |
| Cap Rate | 2.93% |
| Gross Rent Multiplier | 22.66 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 3,829 SF |
| No. Stories | 3 |
| Year Built | 1975 |
| Parking Ratio | 2.09/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer
- Ceiling Fans
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $3,296 CAD | 1,200 |
| 3+2.5 | 1 | $8,498 CAD | 1,429 |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 692-033-18 | Total Assessment | $3,282,526 CAD |
| Land Assessment | $2,866,573 CAD | Annual Taxes | $41,485 CAD ($10.83 CAD/SF) |
| Improvements Assessment | $415,953 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
692-033-18
Land Assessment
$2,866,573 CAD
Improvements Assessment
$415,953 CAD
Total Assessment
$3,282,526 CAD
Annual Taxes
$41,485 CAD ($10.83 CAD/SF)
Tax Year
2023
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514 Avenida Victoria
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