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244-246 W Avenida Palizada
San Clemente, CA 92672

$2,395,000 USD

Apartments For Sale • 3,415 SF

Property Details

Property Type Apartments
Total Building Size 3,415 SF
Lot Size 0.28 AC
Building Class C
Year Built 1960
Cap Rate 4.03 %

0 Transit Score

94 Walk Score

                
                    Highlights
                
                                1 ½ Blocks to the Beach, Linda Lane Park & Casa Romantica and 2 Blocks to Avenida Del Mar
                            
                                Majority Single-Story Units with Canyon Views
                            
                                Added Value Opportunity – ±20% in Projected Rental Upside
                            
                                Patios, Balconies, On-Site Parking, Laundry
                            
                                Large ±12,196 SF Lot

Financial Summary (Actual)

Net Operating Income: $96,622 USD (2024)

Cap Rate:	4.03 %
Total Expenses:	$49,612 USD

Amenities

Courtyard
Laundry Facilities
Patio

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Clemente Pier (Orange County Line - Southern California Regional Rail Authority (Metrolink))	2 min	11 min	0.6 mi
San Juan Capistrano (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	7.5 mi
Airport	Drive	Walk	Distance
John Wayne/Orange County	34 min	-	27.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	7
Type:	Surface
Included in Rent:	Yes

Rick Applebaum 949-500-5099 Morgan-Skenderian Investment Real Estate Group

244-246 W Avenida Palizada San Clemente, CA 92672