Multifamily

313 Acebo Ln

313 Acebo Ln, San Clemente, CA 92672

Listing Price: $4,000,000

Cap Rate
3.31%
Number of Units
7
GRM
19.33
Occupancy
97.0%
Price/Unit
$571,429
Price/Gross SF
$721.63
Gross SF
5,543

Investment Overview

King Group of Marcus & Millichap is pleased to present a turnkey 7-unit apartment building located in the Pier Bowl in San Clemente, California. Built in 1960, the subject property consists of 5,543 rentable square feet spread throughout a 6,474 square foot lot. There are seven 2-bedroom / 1-bathroom units with one unit having an accessory office. It has an elevated foundation and contains tuck under parking. The subject property has undergone an extensive renovation with a new roof, new vinyl windows throughout, new kitchens: including appliances, tile backsplash, new cabinets, new ceiling fans and carpet in bedrooms, new flooring throughout, new bathrooms: including tile, new shower tubs, and new vanities. The property is a true example of trophy real estate located in coastal Orange County.
Owners enjoy the high demand for rentals in a coastal beach city of Southern California. Tenants enjoy living close to the ocean and in between Old Town San Clemente and the San Clemente Pier where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of San Clemente continues to progress forward and as the southernmost city of Orange County is known for its ability to attract renters due to its high quality of life. This is an excellent opportunity to acquire a turnkey property in the highly desirable Pier Bowl of San Clemente, California.

Investment Highlights

  • AVERAGE HOUSEHOLD INCOME IN 1-MILE RADIUS: $121,917
  • BEAUTIFUL OCEAN VIEWS
  • PIER BOWL CENTRAL SAN CLEMENTE LOCATION LESS THAN MILE FROM THE BEACH AND OLD TOWN
  • FULL RENOVATION: NEW KITCHENS, NEW BATHROOMS, NEW FLOORING, NEW EXTERIOR, NEW ROOF
  • ALL TWO-BEDROOM / ONE-BATHROOM UNITS, EACH WITH TANDEM PARKING

Exclusively Listed By

Listing Price: $4,000,000

Cap Rate
3.31%
Number of Units
7
GRM
19.33
Occupancy
97.0%
Price/Unit
$571,429
Price/Gross SF
$721.63
Gross SF
5,543

Investment Highlights

  • AVERAGE HOUSEHOLD INCOME IN 1-MILE RADIUS: $121,917
  • BEAUTIFUL OCEAN VIEWS
  • PIER BOWL CENTRAL SAN CLEMENTE LOCATION LESS THAN MILE FROM THE BEACH AND OLD TOWN
  • FULL RENOVATION: NEW KITCHENS, NEW BATHROOMS, NEW FLOORING, NEW EXTERIOR, NEW ROOF
  • ALL TWO-BEDROOM / ONE-BATHROOM UNITS, EACH WITH TANDEM PARKING

Investment Overview

King Group of Marcus & Millichap is pleased to present a turnkey 7-unit apartment building located in the Pier Bowl in San Clemente, California. Built in 1960, the subject property consists of 5,543 rentable square feet spread throughout a 6,474 square foot lot. There are seven 2-bedroom / 1-bathroom units with one unit having an accessory office. It has an elevated foundation and contains tuck under parking. The subject property has undergone an extensive renovation with a new roof, new vinyl windows throughout, new kitchens: including appliances, tile backsplash, new cabinets, new ceiling fans and carpet in bedrooms, new flooring throughout, new bathrooms: including tile, new shower tubs, and new vanities. The property is a true example of trophy real estate located in coastal Orange County.
Owners enjoy the high demand for rentals in a coastal beach city of Southern California. Tenants enjoy living close to the ocean and in between Old Town San Clemente and the San Clemente Pier where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of San Clemente continues to progress forward and as the southernmost city of Orange County is known for its ability to attract renters due to its high quality of life. This is an excellent opportunity to acquire a turnkey property in the highly desirable Pier Bowl of San Clemente, California.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower