About 117 Avenida Algodon
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.
Features of 117 Avenida Algodon
| MLS® # | 24-349251 |
|---|---|
| Price | $1,750,000 |
| Units | 3 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Square Footage | 2,942 |
| Acres | 0.10 |
| Year Built | 1965 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 117 Avenida Algodon |
|---|---|
| Area | San Clemente Central |
| City | SAN CLEMENTE |
| County | Orange |
| State | CA |
| Zip Code | 92672 |
Amenities
| Parking Spaces | 6 |
|---|---|
| # of Garages | 3 |
| Garages | Uncovered, Garage - 1 Car |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | January 16th, 2024 |
|---|---|
| Days on Market | 122 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Gross Operating Income | $87,009 |
| Net Operating Income | $60,225 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $2,675 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $2,350 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $2,450 |
Listing Details
| Agent | Sean Riley (01920511) |
|---|---|
| Office | CB Richard Ellis, Inc. |