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117 Avenida Algodon 3 Unit Apartment Building Offered at $2,498,888 at a 4.04% Cap Rate San Clemente, CA 92672
INVESTMENT HIGHLIGHTS
- Ocean Views (2nd story units) & 100% 2 Bedroom Units
- Newer Roof, Freshly Painted Exterior, New Exterior/Interior Electrical Panels & Wiring
- Tasteful & Exquisite Interior Renovations
- Over $495,000 in Capital Improvements Completed in 2025
- Tenant Pats Trash, Electric & Gas - Lower Operating Expenses
- 100% Pride of Ownership & Walk score of 90, "Walkers Paradise"
EXECUTIVE SUMMARY
Jon Mitchell, Xavier Hendricks of Kidder Mathews are
pleased to present 3 turnkey apartment units located
at 117 Avenida Algodon in the robust rental market of
San Clemente, California. This highly renovated 3-unit
apartment building offers a combination of strong
income potential and significant value appreciation.
Built in 1965, completely and tastefully renovated in
2025 by the owner who invested almost $500,000 in
capital improvement and consists of ±2,941 rentable
square feet. The property is situated on one parcel
totaling ±0.10 acres and includes individual garages,
3 assigned open spots and street parking is also
available. The property is separately metered for
gas and electric with a community laundry room that
provides the tenants with their own stacked laundry
machines including private storage closets.
117 Avenida Algodon has been exquisitely renovated
by the current ownership and is a desirable coastal
apartment community that offers investors key
amenities and an exceptional location within Orange
County. The property features 100% two-bedroom
units with functional layouts that consistently attract
long-term tenants. Two of the units enjoy ocean views
creating a unique competitive advantage. Residents
benefit from secured individual garages with epoxy
flooring and automatic garage door openers.
pleased to present 3 turnkey apartment units located
at 117 Avenida Algodon in the robust rental market of
San Clemente, California. This highly renovated 3-unit
apartment building offers a combination of strong
income potential and significant value appreciation.
Built in 1965, completely and tastefully renovated in
2025 by the owner who invested almost $500,000 in
capital improvement and consists of ±2,941 rentable
square feet. The property is situated on one parcel
totaling ±0.10 acres and includes individual garages,
3 assigned open spots and street parking is also
available. The property is separately metered for
gas and electric with a community laundry room that
provides the tenants with their own stacked laundry
machines including private storage closets.
117 Avenida Algodon has been exquisitely renovated
by the current ownership and is a desirable coastal
apartment community that offers investors key
amenities and an exceptional location within Orange
County. The property features 100% two-bedroom
units with functional layouts that consistently attract
long-term tenants. Two of the units enjoy ocean views
creating a unique competitive advantage. Residents
benefit from secured individual garages with epoxy
flooring and automatic garage door openers.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$139,140
|
$47.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,783
|
$0.95
|
| Effective Gross Income |
$136,357
|
$46.36
|
| Taxes |
$27,989
|
$9.52
|
| Operating Expenses |
$7,427
|
$2.53
|
| Total Expenses |
$35,416
|
$12.04
|
| Net Operating Income |
$100,941
|
$34.32
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $139,140 |
| Annual Per SF | $47.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,783 |
| Annual Per SF | $0.95 |
| Effective Gross Income | |
|---|---|
| Annual | $136,357 |
| Annual Per SF | $46.36 |
| Taxes | |
|---|---|
| Annual | $27,989 |
| Annual Per SF | $9.52 |
| Operating Expenses | |
|---|---|
| Annual | $7,427 |
| Annual Per SF | $2.53 |
| Total Expenses | |
|---|---|
| Annual | $35,416 |
| Annual Per SF | $12.04 |
| Net Operating Income | |
|---|---|
| Annual | $100,941 |
| Annual Per SF | $34.32 |
PROPERTY FACTS
| Price | $2,498,888 | Apartment Style | Garden |
| Price Per Unit | $832,963 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,941 SF |
| Cap Rate | 4.04% | Average Occupancy | 67% |
| Gross Rent Multiplier | 17.9 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1965/2025 |
| Property Type | Multifamily | Parking Ratio | 2.04/1,000 SF |
| Price | $2,498,888 |
| Price Per Unit | $832,963 |
| Sale Type | Investment |
| Cap Rate | 4.04% |
| Gross Rent Multiplier | 17.9 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.10 AC |
| Building Size | 2,941 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2025 |
| Parking Ratio | 2.04/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- High Speed Internet Access
- Wi-Fi
- Double Pane Windows
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gas Range
- Wi-Fi
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $3,923 | 970 - 1,001 |
| 2+1 | 1 | $3,750 | 970 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 058-094-08 | Total Assessment | $1,579,000 |
| Land Assessment | $1,447,711 | Annual Taxes | $27,989 ($9.52/SF) |
| Improvements Assessment | $131,289 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
058-094-08
Land Assessment
$1,447,711
Improvements Assessment
$131,289
Total Assessment
$1,579,000
Annual Taxes
$27,989 ($9.52/SF)
Tax Year
2025
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117 Avenida Algodon
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