320 Avenida Del Mar, San Clemente, CA 92672

$3,070,000

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Sold Price
$3,070,000
List Price
$3,400,000
Closing Date
Apr 01, 2025
Status
CLOSED
MLS#
OC25017542
Year Built
1971
Lot Size
4,792
Acres
0.11
Lot Location
Near Park
Days on Market
61
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels

Property Description

We are pleased to present the Del Mar Apartments, a 4-Unit multifamily investment property located in an unbeatable location of Seaside San Clemente, only steps to the San Clemente Pier, beach access, Casa Romantica, and the shops and restaurants of Avenida Del Mar. The property boasts an excellent layout of bright, spacious, and open floorplans in turnkey condition, and an ideal unit mix of Four (4) - 2 Bed / 2 Bath units averaging more than 1,200 SF each. All units feature individual garages with washer/dryer hookups, and balconies with partial ocean views. A new investor will benefit from acquiring a pride of ownership asset owned and managed by a professional entity for more than 20 years, boasting a very high level of quality care and maintenance throughout. The property has been recently upgraded with new roofs, vinyl windows and sliding doors, decks, railings, landscaping, lighting fixtures and paint. Inside, the units feature new kitchens with new upgraded cabinets, and quartz countertops. Additionally, tenants will enjoy luxury vinyl plank flooring, recessed LED lighting, newly updated forced air heating, new bathtubs, new refrigerator, vanities and fixtures. The Del Mar Apartments represent a rare opportunity to acquire a turnkey, pride-of-ownership asset in one of Southern California's most desirable coastal communities.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$156,000
Operating Expense
51061

Listing courtesy of Listing Agent: Brett Bayless (Brett.Bayless@mogharebi.com) from Listing Office: Brett Bayless, Broker.

Listing sold by Kellyann Phillips from Compass Property Mgmt Corp

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.