103 Avenida Aragon - Apartments FOR SALE


San Clemente, CA 92672
$2,150,000 USD
949-500-5099
103 Avenida Aragon, San Clemente, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/7
null | 4.12% Cap Rate

103 Avenida Aragon
San Clemente, CA 92672


HIGHLIGHTS

  • Two Blocks from the Beach
  • Three Bedroom, Single-Story Home Paired with (3) 1BR/1BA Units
  • Projected 18% in Rental Upside; 5.3% Cap Rate on Market Rents
  • New Roof, Interior Plumbing, Driveway, Exterior Paint, Windows and Garbage Disposals
  • Owner-User Potential

OVERVIEW

103 Avenida Aragon offers coastal lifestyle, strong income, and upside potential in one of San Clemente's most desirable rental markets. Set two blocks from the beach, the property features a single-story, detached 3-bedroom, 2-bathroom front home with a remodeled kitchen, cozy fireplace, indoor laundry, and a private front yard. Behind the main residence are three additional 1-bedroom, 1-bathroom units—two situated above the garage sharing an adjoining balcony, and one on the main level. Recent capital improvements—new roof, new interior plumbing, new concrete driveway, new exterior paint, new windows, and new garbage disposals—reducing near-term expenses. With a projected 18% rental upside, the asset presents a compelling opportunity for investors or owner-users seeking coastal cash flow and growth.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$860 USD /SF

# OF UNITS

4

PRICE/UNIT

$537,500

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,195 SF

ZONING

R4

APN/PARCEL ID

692-392-10

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.