122 Avenida Del Reposo

San Clemente, CA 92672

$4,895,000
Price
5
Beds
15
Baths
8,325 Sq. Ft.
$588 / Sq. Ft.
8,325
Sq. Ft.
$588
per Sq. Ft.

Description

Pleased to present the Sea Wind Apartments, a rare and remarkable investment opportunity in the heart of San Clemente. Located at 122 Avenida Del Reposo and 141 Avenida Florencia, this meticulously crafted property features (7) 2BR/1.5BA units approaching 1,100 SF each and a charming 1BR/1BA residence. Four of the two-bedroom units offer an unparalleled vantage point, allowing residents to savor breathtaking ocean views and sunsets while the remaining units enjoy wonderful city light views looking...Pleased to present the Sea Wind Apartments, a rare and remarkable investment opportunity in the heart of San Clemente. Located at 122 Avenida Del Reposo and 141 Avenida Florencia, this meticulously crafted property features (7) 2BR/1.5BA units approaching 1,100 SF each and a charming 1BR/1BA residence. Four of the two-bedroom units offer an unparalleled vantage point, allowing residents to savor breathtaking ocean views and sunsets while the remaining units enjoy wonderful city light views looking over North Beach. The Property is enhanced by a range of amenities and upgrades that elevate the living experience. Residents can bask in the coastal breeze on private patios and balconies and soak in the sounds of rhythmic crashing waves just blocks away from their front doors. A convenient on-site laundry room ensures hassle-free living, while garages and carport parking provide ample space for tenants' vehicles. With four of the interiors recently renovated with modern finishes, a new investor will see the path to continued growth. This extraordinary investment opportunity is perfectly positioned to capture the essence of coastal living, with the added allure of being located in the gentrifying North Beach. North Beach in San Clemente, California epitomizes coastal charm with its picturesque setting and vibrant atmosphere. In recent years, North Beach has undergone a remarkable redevelopment, transforming into a vibrant destination that seamlessly blends coast charm with modern amenities. The redevelopment initiatives have revitalized the area, enhancing its appeal to both locals and visitors alike.
  1. Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian • rma@morganskenderian.com
  2. Listed by Paul Espinosa • DRE #01942627 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 122 Avenida Del Reposo

Parking Spaces Total
12
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8325
Assessor Parcel Number
692-361-12
Property Attached YN
true

Location

Listing Courtesy of Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627
Add your commute
LISTING UPDATED: 03/29/2024 07:13 AM

Property Details for 122 Avenida Del Reposo

StatusActive
MLS #PW24062579
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyOrange County

Location

Listing Courtesy of Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627
Add your commute

Building Information for 122 Avenida Del Reposo

Building/Complex122 Avenida Del ReposoFloor-Stories3Residences-Pet Policy-Year Built1963Building Size-

Payment Calculator

$28,817 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,714

Property Taxes

$2,103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 122 Avenida Del Reposo

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $2,040
  • Gross Scheduled Income: $285,312
  • Vacancy Allowance: 8559
  • Gross Operating Income: $276,752
  • Net Operating Income: $203,869
  • Laundry Income: $2,040
  • Other Income Description: RUBS
  • Other Income 1: $2,880
  • Gross Multiplier: 17.16
  • Cap Rate: 4.2
Expense Details
  • Operating Expense: $72,883
  • New Taxes Expense: $49,431
  • Gardener Expense: $1,800
  • Fuel Expense: $1,457
  • Electric Expense: $1,457
  • Insurance Expense: $5,828
  • Maintenance Expense: $6,000
  • Professional Management Expense: $0
  • Other Expense: $3,518
  • Other Expense Description: misc
  • Trash Expense: $1,457
  • Water Sewer Expense: $1,457
  • Total Expenses: $72,883
Tax / Assessment Info
  • Tax Rate: 1.01
  • Tax Annual Amount: $19,431
  • Tax Block: 4
  • Tax Tract Number: 820
  • Tax Census Tract: 421.08
  • CFD/Mello-Roos Fee: $54
  • Tax Lot: 10
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Sloped Down, Lot 6500-9999, Up Slope from Street
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 6
  • Carport Spaces: 2
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,495
  • Unit Type Total Rent: $2,495
  • Unit Type Pro Forma: 2895
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,664
  • Unit Type Total Rent: $7,994
  • Unit Type Pro Forma: 3495
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,219
  • Unit Type Total Rent: $12,887
  • Unit Type Pro Forma: 3995
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 122 Avenida Del Reposo

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 122 Avenida Del Reposo

Taxable ValueLand$2,079,027Additions$414,989Total$2,494,016
Tax Record2023$25,239 ($2,103 / month)
Home Facts
Total Finished SqFt8,328 SqFtAbove Grade Finished SqFt8,328 SqFtLot Size9,331 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyORANGEAPN692-361-12

Schools near 122 Avenida Del Reposo

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
Las Palmas Elementary School
PublicK to 5

Bernice Ayer 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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122 Avenida Del Reposo is a multi-family home for sale in San Clemente, CA 92672. This property was listed for sale on March 29, 2024 by Morgan Skenderian, it's currently listed at $4,895,000. It has been on the market for a total of 34 days and was last sold on January 15, 2004. This listing's school district is Capistrano Unified School District. Nearby schools include Las Palmas Elementary School, Bernice Ayer Middle School and San Clemente High School. 122 Avenida Del Reposo is a 5-bed, 15-bath, 8,325 sqft multi-family home built in 1963.

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 Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627

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.