Est. cap rate

2.7%

Assumed rent, all units

$8,310/mo

Units

3

Price per unit

$616,667

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

2,000 sqft

Lot size

3,920 sqft

Year built

1951

Stories

1

Garage spaces

3

Heating

Wall Furnace

Cooling

None

Pool

None

View

Ocean

Status

Active

Days on market

7

MLS #

247599750

About this property

Rare San Clemente investment opportunity in the heart of downtown, just blocks from the San Clemente Pier, beaches, restaurants, shopping, and the best of the coastal lifestyle. This desirable triplex features three individual units, each offering 1 bedroom, 1 bath, and its own 1 car garage an exceptional feature for a downtown coastal property. Residents also enjoy a shared community deck with beautiful ocean views, creating the perfect place to relax and take in the coastal setting. All three units are currently rented, providing immediate rental income, while current rents are below market value, offering potential upside for the future. With its prime walkable location, ocean view outdoor space, individual garages, and established tenancy, this property presents an outstanding opportunity to own an income-producing asset in one of Southern California’s most sought-after beach communities.

Location

213 Avenida Granada

San Clemente, Orange, CA, 92672