117 Avenida Algodon

San Clemente, CA 92672

$1,750,000
Price
6
Beds
5
Baths
2,942 Sq. Ft.
$595 / Sq. Ft.
2,942
Sq. Ft.
$595
per Sq. Ft.

Description

Excellent 3 unit multifamily investment property located near Downtown San Clemente. This property is well located near shops, restaurants, and within close proximity to the beach. Long term ownership with large upside to increase rental income. Unit mix is two 2 bed/2 bath units and one 2 bed/1 bath unit. Each tenant has their own garage space. Roof was replaced in 2020 and two of the three units have renovated kitchens and bathrooms. The ground floor unit has a large private patio and the upstairs...Excellent 3 unit multifamily investment property located near Downtown San Clemente. This property is well located near shops, restaurants, and within close proximity to the beach. Long term ownership with large upside to increase rental income. Unit mix is two 2 bed/2 bath units and one 2 bed/1 bath unit. Each tenant has their own garage space. Roof was replaced in 2020 and two of the three units have renovated kitchens and bathrooms. The ground floor unit has a large private patio and the upstairs units each have a private balcony. Separately metered for gas and electric. This location has a high walkability score so most tenant errands can be accomplished nearby.
  1. Listed by Sean Riley • DRE #01920511 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.

Property Details for 117 Avenida Algodon

Parcel Number
05809408
Total Units
3.0
Living Area
2942
Source Living Area
Assessor
Area
San Clemente Central (SC)
Vacancy Rate
3%
Lot Size Area
4262
Source Lot Size Area
Assessor

Location

Listing Courtesy of CB Richard Ellis, Inc., Sean Riley, DRE #01920511
Add your commute
LISTING UPDATED: 04/01/2024 03:33 PM

Property Details for 117 Avenida Algodon

StatusActive
MLS #24-349251
Days on Market103
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.10 AC / 4,262 SF
CountyOrange County

Location

Listing Courtesy of CB Richard Ellis, Inc., Sean Riley, DRE #01920511
Add your commute

Building Information for 117 Avenida Algodon

Stories2Residences-Year Built1965Building Size-Lot Size0.10 AC / 4,262 SF

Payment Calculator

$9,875 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$325

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 117 Avenida Algodon

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $87,009
  • Net Operating Income: $60,225.00
  • Gross Income: $89,700
  • Gross Rent Multiplier: $19.51
  • Total Annual Expense: 26754
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1
  • Lot Size Square Feet: 4262
  • Lot Size Dimensions: 40x106
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Uncovered, Garage - 1 Car
  • Total Parking: 6
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 3
  • Parking Features: Uncovered, Garage - Single Door
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-18-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,675.00
  • Unit Actual Rent: $2,675.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $139,863.00
  • Assessed Improvement Percent: 36.5
  • Assessed Land Value: $243,346.00
  • Assessed Land Percent: 63.5
  • Assessed Total Value: $383,209.00

Property History for 117 Avenida Algodon

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 117 Avenida Algodon

Taxable ValueLand$243,346Additions$139,863Total$383,209
Tax Record2023$3,901 ($325 / month)
Home Facts
Total Finished SqFt2,942 SqFtAbove Grade Finished SqFt2,942 SqFtStories2Lot Size4,262 SqFtStyleTriplexYear Built1965CountyORANGEAPN058-094-08

Schools near 117 Avenida Algodon

This home is within Capistrano Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Clarence Lobo Elementary School
PublicK to 5

Shorecliffs Middle School
Public6 to 8

San Clemente High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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117 Avenida Algodon is a multi-family home for sale in San Clemente, CA 92672. This property was listed for sale on January 16, 2024 by CB Richard Ellis, Inc., it's currently listed at $1,750,000. This listing's school district is Capistrano Unified School District. Nearby schools include Clarence Lobo Elementary School, Shorecliffs Middle School and San Clemente High School. 117 Avenida Algodon is a 6-bed, 5-bath, 2,942 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB Richard Ellis, Inc., Sean Riley, DRE #01920511

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.