Log In/Sign Up
Your email has been sent.
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 |
1 1
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
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
256 Avenida Lobeiro
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.