Residential Income Property with Ocean
For Sale
$470,000
Pending
306 Beach Dr, San Clemente, CA 92672
Three-bedroom coastal home with updated finishes, open living areas, and access to community recreation amenities.
Property Size1,260 SF
Days on Market35
Property Features for 306 Beach Dr
General Information
Standard status
Pending
Size
1,260 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
private beach
clubhouse
billiards
large screen tv
ping pong
full kitchen
heated saltwater pool
pickleball club
carport
fireplace
patio porch with electric awning
Listing Agency:
The Mantelli Group Inc
(760) 567-3942
Listed By:
Suzanne Severin
(760) 567-3942
Source:
Exprealty
Added: Jul 9
Changed: Aug 7
Last Checked: Aug 11 at 1:08PM
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 The Mantelli Group Inc
Investment Insights
Based on property information with market context.
This 1,260-square-foot residential income property offers three bedrooms and two bathrooms within Capo Beach Cottages, a 55+ community. The home features new vinyl plank flooring, freshly painted interior and exterior surfaces, high ceilings, multiple windows, spacious bedrooms, and closets with built-in storage in the carport. An open arrangement connects the living room, kitchen, and dining area, with a fireplace serving the shared space. The covered patio porch includes an electric awning for outdoor use and coastal views.
Residents have access to a private beach and a clubhouse equipped with billiards, a large-screen TV, ping pong, and a full kitchen. Community amenities also include a heated saltwater pool and pickleball club. The home is located directly across from the ocean, with white-water and expansive views throughout.
Residents have access to a private beach and a clubhouse equipped with billiards, a large-screen TV, ping pong, and a full kitchen. Community amenities also include a heated saltwater pool and pickleball club. The home is located directly across from the ocean, with white-water and expansive views throughout.
Key Highlights
- 1,260‑square‑foot home with 3 bedrooms and 2 bathrooms
- Directly across from the ocean with white‑water and expansive views
- New vinyl plank flooring and freshly painted interior and exterior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,050
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,000
$481.0K
Cap Rate 7%
$343,571
$343.6K
Cap Rate 9%
$267,222
$267.2K
Market Conditions
NOI Build-Up for 1,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.4K $36.00/SF
− Vacancy
−$1.6K −$1.30/SF
EGI
$43.7K $34.70/SF
− OpEx
−$19.7K −$15.62/SF
NOI
$24.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,000
Cap Rate 7%
$343,571
Cap Rate 9%
$267,222
Alternative Uses
Best Use
Apartment 5plus
$343.6K
$300.6K – $400.8K
NOI $24,050 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.2K
$370.3K – $493.8K
NOI $29,625 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
248
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom coastal home with updated finishes, open living areas, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 306 Beach Dr San Clemente, CA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 1,260‑square‑foot home with 3 bedrooms and 2 bathrooms; Directly across from the ocean with white‑water and expansive views; New vinyl plank flooring and freshly painted interior and exterior
