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244-246 W Avenida Palizada 6 Unit Apartment Building $3,495,000 ($582,500/Unit) 3.91% Cap Rate San Clemente, CA 92672
INVESTMENT HIGHLIGHTS
- Fully Renovated, Turn-Key Asset Positioned in the Heart of San Clemente
- Prime Walkable Location Minutes from Del Mar, the Beach, Transit, and San Clemente Lifestyle Amenities
- Fresh Exterior Paint, Upgraded Landscaping, and Enhanced Curb Appeal
- Strong Coastal Rental Demand with Upside in One of Orange County’s Most Supply-Constrained Submarkets
- Renovated Bathrooms with Contemporary Finishes and Upgraded Fixtures
PROPERTY FACTS
| Price | $3,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $582,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 3.91% | Building Size | 3,249 SF |
| Gross Rent Multiplier | 17.52 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.46/1,000 SF |
| Zoning | R3 - Residential | ||
| Price | $3,495,000 |
| Price Per Unit | $582,500 |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| Gross Rent Multiplier | 17.52 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,249 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | R3 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,495 | 350 |
| 1+1 | 4 | $2,820 | 550 |
| 2+1 | 1 | $3,700 | 700 |
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Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 692-051-04 | Improvements Assessment | $443,922 |
| Land Assessment | $1,746,099 | Total Assessment | $2,190,021 |
PROPERTY TAXES
Parcel Number
692-051-04
Land Assessment
$1,746,099
Improvements Assessment
$443,922
Total Assessment
$2,190,021
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244-246 W Avenida Palizada
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