Est. cap rate

1.6%

Assumed rent, all units

$8,310/mo

Units

3

Price per unit

$1,033,333

Est. annual NOI

$49,860

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

3,328 sqft

Lot size

3,920 sqft

Year built

1971

Stories

2

Garage spaces

3

Heating

Wall Furnace

Cooling

Wall/Window Unit(s),See Remarks

Pool

None

View

Ocean,Neighborhood

Status

Active

Days on market

22

MLS #

247555671

About this property

Discover an exceptional coastal investment opportunity at 223 Avenida Victoria, a beautifully renovated triplex set in the heart of San Clemente’s highly sought-after Pier Bowl. Just moments from the San Clemente Pier, local beaches, Avenida Del Mar, and Downtown San Clemente, the property offers an ideal combination of luxury living, income potential, and an unbeatable location. Extensively renovated throughout, the property reflects a level of quality and pride of ownership rarely seen in multifamily offerings. Each residence features a brand-new kitchen and bathrooms, dual-pane windows, air conditioning, and thoughtfully selected high-end finishes. Select units also enjoy ocean views along with elevated outlooks across Downtown San Clemente. The desirable unit mix consists of two spacious two-bedroom residences on the upper level and a large three-bedroom residence on the lower level. The downstairs three-bedroom unit is large in size and has some private yard space. All three units are currently leased at competitive market rates, but there could be some room to slightly increase them. Located on one of the Pier Bowl’s most recognizable streets, residents are within easy reach of the beach, world-class surf, the San Clemente Beach Trail, and the shops, restaurants, and entertainment of Avenida Del Mar. Popular local dining destinations including Rare Society and Nick’s are just minutes away. With its extensive renovations, desirable unit configuration, strong income potential, and premier coastal location, 223 Avenida Victoria represents a rare opportunity to acquire a turnkey multifamily property in one of Southern California’s most coveted beach communities. Whether held as a long-term investment or incorporated into a broader real estate portfolio, this is a distinctive San Clemente property in a location that is difficult to replicate.

Location

223 Avenida Victoria

San Clemente, Orange, CA, 92672