117 Avenida Algodon - Multi-Family FOR SALE


San Clemente, CA 92672
$2,498,888 USD
714-337-8405
117 Avenida Algodon, San Clemente, CA for Sale
$2,498,888 USD
Multi-Family - FOR SALE
1/17
null | 4.04% Cap Rate

117 Avenida Algodon
San Clemente, CA 92672


HIGHLIGHTS

  • Ocean Views (2nd story units) & 100% 2 Bedroom Units
  • Over $495,000 in Capital Improvements Completed in 2025
  • Newer Roof, Freshly Painted Exterior, New Exterior/Interior Electrical Panels & Wiring
  • Tenant Pats Trash, Electric & Gas - Lower Operating Expenses
  • Tasteful & Exquisite Interior Renovations
  • 100% Pride of Ownership & Walk score of 90, "Walkers Paradise"

OVERVIEW

Jon Mitchell, Xavier Hendricks of Kidder Mathews are pleased to present 3 turnkey apartment units located at 117 Avenida Algodon in the robust rental market of San Clemente, California. This highly renovated 3-unit apartment building offers a combination of strong income potential and significant value appreciation. Built in 1965, completely and tastefully renovated in 2025 by the owner who invested almost $500,000 in capital improvement and consists of ±2,941 rentable square feet. The property is situated on one parcel totaling ±0.10 acres and includes individual garages, 3 assigned open spots and street parking is also available. The property is separately metered for gas and electric with a community laundry room that provides the tenants with their own stacked laundry machines including private storage closets. 117 Avenida Algodon has been exquisitely renovated by the current ownership and is a desirable coastal apartment community that offers investors key amenities and an exceptional location within Orange County. The property features 100% two-bedroom units with functional layouts that consistently attract long-term tenants. Two of the units enjoy ocean views creating a unique competitive advantage. Residents benefit from secured individual garages with epoxy flooring and automatic garage door openers.

FOR SALE DETAILS

PRICE

$2,498,888 USD

PRICE/SF

$850 USD /SF

# OF UNITS

3

PRICE/UNIT

$832,963

CAP RATE

4.04%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

058-094-08

ASK ABOUT THIS PROPERTY

Jonathan MitchellKidder MathewsMore Info
714-337-8405

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Jonathan MitchellKidder MathewsMore Info
714-337-8405

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