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614 Avenida Victoria 3 Unit Apartment Building $11,950,000 ($3,983,333/Unit) 2.40% Cap Rate San Clemente, CA 92672
Executive Summary
614 Avenida Victoria presents a rare opportunity to acquire a trophy mixed-use asset in the heart of San Clemente’s Pier Bowl, directly fronting the beach and San Clemente Pier. This irreplaceable location—one of the only properties in Orange County with true pier-adjacent access without crossing a major roadway—drives exceptional long-term value and demand.
The property consists of approximately 5,300+ SF including two large residential units and a ground-floor commercial eatery, all constructed circa 2015 and maintained in strong condition. Each residential unit features 3 bedrooms, ocean views, and private 2-car garages, complemented by additional on-site parking.
With projected annual income nearing $500,000 and additional upside through short-term rental potential, the asset offers a compelling blend of stable in-place income and value-add positioning. Zoned under the Pier Bowl Specific Plan, the property also presents future flexibility, including potential condominium conversion (buyer to verify). Currently being operated as a short-term rental.
The property consists of approximately 5,300+ SF including two large residential units and a ground-floor commercial eatery, all constructed circa 2015 and maintained in strong condition. Each residential unit features 3 bedrooms, ocean views, and private 2-car garages, complemented by additional on-site parking.
With projected annual income nearing $500,000 and additional upside through short-term rental potential, the asset offers a compelling blend of stable in-place income and value-add positioning. Zoned under the Pier Bowl Specific Plan, the property also presents future flexibility, including potential condominium conversion (buyer to verify). Currently being operated as a short-term rental.
Property Facts
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Waterfront
- On-Site Retail
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | - | - |
| 4+3.5 | 1 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 692-021-02 | Improvements Assessment | $1,165,049 |
| Land Assessment | $2,647,861 | Total Assessment | $3,812,910 |
Property Taxes
Parcel Number
692-021-02
Land Assessment
$2,647,861
Improvements Assessment
$1,165,049
Total Assessment
$3,812,910
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614 Avenida Victoria
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