MarketPier

1104 Buena - San Clemente, CA 92672

$2,150,000
Listing Description

This 4-unit apartment building is situated in the quickly developing coastal city of San Clemente. The property boasts unobstructed ocean views with large balconies/roof tops and direct beach access. This investment opportunity provides an ideal unit mix of large 2 & 3 bedroom units with significant rental upside offering tremendous long-term growth. Tenants appreciate and enjoy the proximity to entertainment and restaurants including Shops on El Camino Real, The Outlets at San Clemente and The San Clemente Pier. The 5 freeway is easily accessible to commuters and a short drive to central Orange County and north San Diego.

Listing Information
MLS Number
19519186
APN/Parcel ID
69206202
Type
Multifamily
Sub Type
Multifamily
Building Size
4,159 sqft
Lot Size
5,227 sqft
Price / SQFT
$517
No Units
4
Price / Unit
$537,500
Gross Income
$107,410
Total Expenses
$31,844
Net Income
$75,566
Rent Multiplier
19.43
Listing Date
10/9/2019
Days Active
10
Last Updated
10/20/2019
Listing Provided By
David Harrington
Matthews Real Estate Investmen
BRE# 01320460

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