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Listed by Rick Applebaum • Morgan Skenderian
$ 4,600,000
Est. payment | /mo
5,600 Sqft Lot
$ 4,600,000
Est. payment | /mo
5,600 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25261999
Year Built 1960
Lot Size 5,600 Sqft
Source California Regional MLS
Property Description
Pleased to present this exceptional coastal investment opportunity in San Clemente's coveted Pier Bowl. This rare 7-unit apartment complex offers investors the perfect blend of prime location, turnkey condition, and income growth potential. Just steps from the sand, pier, and Avenida Del Mar (downtown), the property features ocean views from most units and an unbeatable walkable lifestyle that consistently drives tenant demand. Each two-bedroom, one-bath unit has been tastefully upgraded featuring new kitchens with modern cabinetry, stainless steel appliances, stylish tile backsplashes, and contemporary flooring throughout. The bathrooms have been fully remodeled with new vanities, tile surrounds, and shower/tubs while the building itself has been meticulously maintained with a newer roof, dual-pane windows, and fresh exterior paint-minimizing capital expenditures. Several units offer private balconies, and all benefit from covered carport parking. With approximately 26% rental upside, this is an extraordinary chance to acquire a low-maintenance coastal multifamily asset in one of Southern California's most desirable beachside submarkets.
Location
State CA
County Orange
Area Sc - San Clemente Central
Interior
Heating Wall Furnace
Laundry Community Facility
Exterior
Garage Spaces 7.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 69202604
Special Listing Condition Not Applicable
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