614 Avenida Victoria - Apartments FOR SALE


San Clemente, CA 92672
$11,950,000 USD
818-850-8802
614 Avenida Victoria, San Clemente, CA for Sale
$11,950,000 USD
Apartments - FOR SALE
1/31
null | 2.4% Cap Rate

614 Avenida Victoria
San Clemente, CA 92672


OVERVIEW

614 Avenida Victoria presents a rare opportunity to acquire a trophy mixed-use asset in the heart of San Clemente’s Pier Bowl, directly fronting the beach and San Clemente Pier. This irreplaceable location—one of the only properties in Orange County with true pier-adjacent access without crossing a major roadway—drives exceptional long-term value and demand. The property consists of approximately 5,300+ SF including two large residential units and a ground-floor commercial eatery, all constructed circa 2015 and maintained in strong condition. Each residential unit features 3 bedrooms, ocean views, and private 2-car garages, complemented by additional on-site parking. With projected annual income nearing $500,000 and additional upside through short-term rental potential, the asset offers a compelling blend of stable in-place income and value-add positioning. Zoned under the Pier Bowl Specific Plan, the property also presents future flexibility, including potential condominium conversion (buyer to verify). Currently being operated as a short-term rental.

FOR SALE DETAILS

PRICE

$11,950,000 USD

PRICE/SF

$2,234 USD /SF

# OF UNITS

3

PRICE/UNIT

$3,983,333

CAP RATE

2.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Pier Bowl Specific Plan

APN/PARCEL ID

692-021-02

ASK ABOUT THIS PROPERTY

Trey BallardBallard & Ballard Real Estate-eXpMore Info
818-850-8802

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Trey BallardBallard & Ballard Real Estate-eXpMore Info
818-850-8802

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