About 122 Avenida Del Reposo
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.
Features of 122 Avenida Del Reposo
| MLS® # | PW24062579MR |
|---|---|
| Price | $4,895,000 |
| Units | 8 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Square Footage | 8,325 |
| Acres | 0.22 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 122 Avenida Del Reposo |
|---|---|
| Area | San Clemente Central |
| City | SAN CLEMENTE |
| County | Orange |
| State | CA |
| Zip Code | 92672 |
Amenities
| Parking Spaces | 12 |
|---|---|
| # of Garages | 6 |
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Has Basement | No |
Additional Information
| Date Listed | March 29th, 2024 |
|---|---|
| Days on Market | 49 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 4.20 |
| Actual Annual Gross Rent | $23,366 |
| Gross Operating Income | $276,752 |
| Net Operating Income | $203,869 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $2,495 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $7,994 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $12,887 |
Listing Details
| Agent | Rick Applebaum (01273871) |
|---|---|
| Office | Morgan Skenderian |