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$ 4,600,000
Est. payment | /mo
6 Beds
5,600 Sqft Lot
$ 4,600,000
Est. payment | /mo
6 Beds
5,600 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25261999
Bedrooms 6
Lot Size 5,600 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Pleased to present this exceptional coastal investment opportunity in San Clementes coveted Pier Bowl. This rare 7-unit apartment complex offers investors the perfect blend of prime location, turnkey condition, and income growth potential. Just steps from the sand, pier, and Avenida Del Mar (downtown), the property features ocean views from most units and an unbeatable walkable lifestyle that consistently drives tenant demand. Each two-bedroom, one-bath unit has been tastefully upgraded featuring new kitchens with modern cabinetry, stainless steel appliances, stylish tile backsplashes, and contemporary flooring throughout. The bathrooms have been fully remodeled with new vanities, tile surrounds, and shower/tubs while the building itself has been meticulously maintained with a newer roof, dual-pane windows, and fresh exterior paintminimizing capital expenditures. Several units offer private balconies, and all benefit from covered carport parking. With approximately 26% rental upside, this is an extraordinary chance to acquire a low-maintenance coastal multifamily asset in one of Southern Californias most desirable beachside submarkets.
Location
State CA
County Orange
Zoning Public Rec
Direction South of Avenida Del Mar and West of S Calle Seville
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 69202604
Listed by Rick Applebaum Morgan Skenderian
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Ben Biggs
REALTOR® | Lic# 02016327