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116 Loma Ln
San Clemente, CA 92672
Loma Lane Apartments · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 6,491 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Zoning | R3, San Clemente | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,491 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3, San Clemente |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
ABOUT 116 LOMA LN , SAN CLEMENTE, CA 92672
Triqor Group is pleased to present the opportunity to acquire Loma Lane Apartments, a 9-unit apartment building located in the coastal City of San Clemente, CA. Built in 1963; the property offers a simple unit mix of (8) two-bedroom one-bathroom units and (1) non-conforming studio unit. The property has an on-site laundry facility, eight garage parking spots and five open parking spots. The building is individually metered for gas and electricity. Copper plumbing was installed in 2014-2015 and the roof was replaced in 2011. Loma Lane Apartments offers an investor the opportunity to purchase a well-located income-producing asset with a 5.5% cap rate on market rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $850.00 | 300 |
| 2+1 | 8 | $1,753 | 770 |
PROPERTY TAXES
| Parcel Number | 058-062-41 | Improvements Assessment | $246,068 |
| Land Assessment | $3,237,193 | Total Assessment | $3,483,261 |
PROPERTY TAXES
