Residential Income Property with Covered
New
For Sale
$3,125,000
241 Avenida Serra, San Clemente, CA 92672
The property includes central air conditioning, ceiling fans, tile counters, and a driveway.
Property Size4,980 SF
Days on Market3
Property Features for 241 Avenida Serra
General Information
Standard status
Active
Size
4,980 SF
Total Parking Spaces
8
Property subtype
Residential Income
Net Operating Income
$127,705
Amenities
Street Lights, Sidewalks
Central
Ceiling Fan(s), Tile Counters
Covered, Driveway
Building Details
Building Size
4,980 SF
Year Built
1973
Buildings
1
Stories
2
Listed By:
Charisse Okamoto · License #01865682
(714) 602-6065
Source:
Evrealestate
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:09AM
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 Charisse Okamoto
Investment Insights
Based on property information with market context.
Built in 1973, this residential income property has central air conditioning, ceiling fans, and tile counters. A covered area and driveway are included.
Key Highlights
- Built in 1973
- Central air conditioning
- Ceiling fans and tile counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,054
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,901,080
$1.9M
Cap Rate 7%
$1,357,914
$1.4M
Cap Rate 9%
$1,056,156
$1.1M
Market Conditions
NOI Build-Up for 4,980 SF
Gross rent
$179.3K $36.00/SF
− Vacancy
−$6.5K −$1.30/SF
EGI
$172.8K $34.70/SF
− OpEx
−$77.8K −$15.62/SF
NOI
$95.1K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,901,080
Cap Rate 7%
$1,357,914
Cap Rate 9%
$1,056,156
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.58M
NOI $95,054 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,088 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,404
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes central air conditioning, ceiling fans, tile counters, and a driveway.
Where is this residential income property located?
The property is located at 241 Avenida Serra San Clemente, CA.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Built in 1973; Central air conditioning; Ceiling fans and tile counters
