Townhouse-Style Multifamily
For Sale
$4,050,000
317 Avenida Monterey, San Clemente, CA 92672
Seven 2-bedroom townhouse-style units offered for sale in San Clemente, California.
Property Size6,148 SF
Days on Market97
Property Features for 317 Avenida Monterey
General Information
Standard status
Active
Size
6,148 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
7
Amenities
All 2BR Units with Balconies. 6 of the 7 are 2 Story Townhouse Style
6 of 7 units Upgraded in Various Forms over the Past 10 Years
Units 4 & 5 (Currently the Owner's Units) will be delivered Vacant at the Close of Escrow
Tremendous Upside in Rents(40% below Nearby Renovated Units)
Newer Roofs, Updated Plumbing, Newer Concrete to Parking Areas
2 Tuck Under Parking Spaces per Unit, On Site Laundry
Potential to Operate as a Full or Part Time Vacation Rental to Maximize Return
The Property has a Walk Score of 84/100 which is considered Very Walkable and desirable to both long and short-term tenants
Building Details
Building Size
6,148 SF
Units
7
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Tom McCartin · License #License(s): CA: 01427348
(858) 373-3196
Source:
Marcusmillichap
Added: Jul 11
Changed: Oct 3
Last Checked: Oct 14 at 7:46PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of seven townhouse-style units, each configured as a 2-bedroom residence. The building is presented as a residential income asset with a uniform unit style and straightforward on-site living layout.
The property is located at 317 AVENIDA MONTEREY in San Clemente, CA 92672.
With 2-bedroom townhouse-style accommodations across seven units, the offering provides an income-oriented residential configuration designed for tenants seeking townhouse-style living within a single apartment building structure.
The property is located at 317 AVENIDA MONTEREY in San Clemente, CA 92672.
With 2-bedroom townhouse-style accommodations across seven units, the offering provides an income-oriented residential configuration designed for tenants seeking townhouse-style living within a single apartment building structure.
Key Highlights
- Seven 2‑bedroom townhouse‑style units
- Year built: 1965
- Located in San Clemente, California
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,348
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,346,960
$2.3M
Cap Rate 7%
$1,676,400
$1.7M
Cap Rate 9%
$1,303,867
$1.3M
Market Conditions
NOI Build-Up for 6,148 SF
Gross rent
$221.3K $36.00/SF
− Vacancy
−$8.0K −$1.30/SF
EGI
$213.4K $34.70/SF
− OpEx
−$96.0K −$15.62/SF
NOI
$117.3K $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%
$2,346,960
Cap Rate 7%
$1,676,400
Cap Rate 9%
$1,303,867
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,348 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,549 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,129
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven 2-bedroom townhouse-style units offered for sale in San Clemente, California.
Where is this apartment building located?
The property is located at 317 Avenida Monterey San Clemente, CA.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: Seven 2‑bedroom townhouse‑style units; Year built: 1965; Located in San Clemente, California
