424 Avenida Granada San Clemente, CA 92672
Active
$7,000,000
8 Units
5 Beds
5 Baths
8,390 Area(sq.ft.)
10,230 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | No | $ 3,950 | $ 3,950 | $ 4,500 |
| Unit 2 | 7 | 2 | 2 | No | $ 3,237 | $ 22,660 | $ 3,600 |
| 2 | 8 | 17 | 17 | $ 26,609 | $ 162,570 | $ 29,700 |
| MLS #: | OC25016250MR |
| Days On Market: | 1 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 834 |
| Price per unit: | $ 875,000 |
| Year Built: | 1972 |
Property Details
We are pleased to present the Granada Apartments, an 8-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 One(1) large 3 Bed/ 2.5 Bath Townhouse, and Seven (7) - 2 Bed / 1.5 Bath units, with all units featuring washer/dryer hookups, individual garages, patios or balconies, and ocean views from select units. 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 upgrades cabinets, beautiful tile backsplashes and quartz countertops. Additionally, tenants will enjoy luxury vinyl plank flooring, LED can lights, and new bathtubs, new refrigerator, vanities and fixtures. The Granada Apartments represent a rare opportunity to acquire a turnkey, pride-of-ownership asset in one of Southern California's most desirable coastal communities.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 326,134 |
| Total Annual Expense: | $ 99,058 |
| Net Operating Income: | $ 227,075 |
| Actual Gross Rent: | $ 26,610 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Central |
| Laundry: | Gas Or Electric Dryer Hookup |
| Laundry Income: | 0.00 |
Exterior
| Pool: | No |
Detailed Map
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Income
