Three-Unit Multifamily
New
For Sale
$1,800,000
Pending
214 Avenida Aragon, San Clemente, CA 92672
Each residence includes laundry hookups, a private water heater, and dedicated garage and driveway parking.
Property Size2,457 SF
Days on Market4
Property Features for 214 Avenida Aragon
General Information
Standard status
Pending
Size
2,457 SF
Property subtype
ResidentialIncome
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
washer/dryer hookups
private patio
storage building
true
3
2
6
Assessor
false
4356
42x100
0.1
DoorSingle,Driveway,Garage,OnStreet
2457
1
Building Details
Building Size
2,457 SF
Year Built
1963
Stories
2
Listing Agency:
CB Richard Ellis, Inc.
(714) 493-0614
Listed By:
Sean Riley · License #01920511
Source:
Lmbenterprises
Added: Oct 29
Last Checked: Oct 29 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Richard Ellis, Inc.
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Investment Insights
Based on property information with market context.
This 2,457-square-foot triplex contains three two-bedroom, one-bathroom apartments. Improvements include vinyl windows and wall heaters, along with individual water heaters and washer/dryer hookups in each unit. The ground-floor apartment has a private patio and is vacant. A rear storage building is also part of the property; its conversion potential is not established.
The property is in San Clemente, near downtown shops and restaurants and within close reach of the beach. Each apartment has a garage space and driveway parking, with additional street parking in the area. Built in 1963, the property sits on a 4,356-square-foot lot.
The property is in San Clemente, near downtown shops and restaurants and within close reach of the beach. Each apartment has a garage space and driveway parking, with additional street parking in the area. Built in 1963, the property sits on a 4,356-square-foot lot.
Key Highlights
- Three apartments, each with 2 bedrooms and 1 bathroom
- 2,457‑square‑foot building on a 4,356‑square‑foot lot
- Ground‑floor unit is vacant and includes a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,826
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,520
$1.0M
Cap Rate 7%
$740,371
$740.4K
Cap Rate 9%
$575,844
$575.8K
Market Conditions
NOI Build-Up for 2,457 SF
Gross rent
$76.7K $31.20/SF
− Vacancy
−$2.6K −$1.07/SF
EGI
$74.0K $30.13/SF
− OpEx
−$22.2K −$9.04/SF
NOI
$51.8K $21.09/SF
Area
Orange County, CA
Vacancy
3.42%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,520
Cap Rate 7%
$740,371
Cap Rate 9%
$575,844
Alternative Uses
Best Use
Multifamily LT 5
$740.4K
$647.8K – $863.8K
NOI $51,826 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$670.0K
$586.2K – $781.6K
NOI $46,897 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$825.3K
$722.1K – $962.8K
NOI $57,768 @ 7.0% cap · market cap 3.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
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Business Placement
Demographics for 92672, CA
41,067
Population
17,487
Households
2.3
Avg Household Size
37
Median Age
48%
College-Educated
93%
High-School Grad
35.6 sq mi
ZIP Area
1,154
Density / Sq Mi
$109,991
Median Household Income
$54,874
Median Earnings
$2,370
Median Rent
$1,240,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes laundry hookups, a private water heater, and dedicated garage and driveway parking.
Where is this triplex located?
The property is located at 214 Avenida Aragon San Clemente, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 bathroom; 2,457‑square‑foot building on a 4,356‑square‑foot lot; Ground‑floor unit is vacant and includes a private patio
