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256 Avenida Lobeiro 5 Unit Apartment Building $3,990,000 ($798,000/Unit) 4.07% Cap Rate San Clemente, CA 92672
INVESTMENT HIGHLIGHTS
- All Two-Bedroom Floorplans (Avg. 1,253 SF)
- $637 Price Per Square Foot (Avg. in San Clemente is $729)
- Recent Capital Improvements - New Exterior Paint, SB-721 Inspection Completed, Unit A & C Recently Renovated & Unit D Undergoing $50K in Upgrades
- Located in a Short-Term Rental Zone, Desirable Coastal Location - Steps from Califia Beach Park & the Scenic San Clemente Coastal Trail
- Current Cap Rate of 4.07%
- Select Units Have In-Unit Laundry, Ocean Views & Private Balcony/Decks, Each Unit Includes a Single-Car Garage & Driveway Space
EXECUTIVE SUMMARY
San Clemente coastal multifamily opportunity steps from Calafia Beach & Coastal Trail. 256 Avenida Lobeiro is a 5-unit, all 2-bed property with select ocean-view units, private balconies, and modern updates - including a penthouse with $50K in upgrades. Strong in-place current cap rate of 4.07%. Owned solar, garages, community laundry, and fresh 2025 exterior paint. Located in a Short-Term Rental Zone and walkable to beaches, parks, and trail.
PROPERTY FACTS
| Price | $3,990,000 | Apartment Style | Low-Rise |
| Price Per Unit | $798,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.07% | Building Size | 6,266 SF |
| Gross Rent Multiplier | 16.74 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment |
| Price | $3,990,000 |
| Price Per Unit | $798,000 |
| Sale Type | Investment |
| Cap Rate | 4.07% |
| Gross Rent Multiplier | 16.74 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,266 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 5 | $4,200 | 1,215 - 1,253 |
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PROPERTY TAXES
| Parcel Number | 060-141-16 | Improvements Assessment | $350,198 |
| Land Assessment | $4,085,651 | Total Assessment | $4,435,849 |
PROPERTY TAXES
Parcel Number
060-141-16
Land Assessment
$4,085,651
Improvements Assessment
$350,198
Total Assessment
$4,435,849
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256 Avenida Lobeiro
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