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424 Avenida Granada, San Clemente, CA 92672
Priced at Only: $7,000,000
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Address: 424 Avenida Granada, San Clemente, CA 92672
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  • MLS#: OC25016250 ( Commercial/Residential )
  • Street Address: 424 Avenida Granada
  • Viewed: 4
  • Price: $7,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1972
  • Bldg sqft: 0
  • Days On Market: 356
  • Additional Information
  • County: ORANGE
  • City: San Clemente
  • Zipcode: 92672
  • Provided by: Brett Bayless, Broker
  • Contact: Brett Brett
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present the Granada Apartments, an 8 Unit multifamily investment property located in an unbeatable location of Seaside San Clemente, only steps to the San Clemente Pier, beach access, Casa Romantica, and the shops and restaurants of Avenida Del Mar. The property boasts an excellent layout of bright, spacious, and open floorplans in turnkey condition, and an ideal unit mix of One(1) large 3 Bed/ 2.5 Bath Townhouse, and Seven (7) 2 Bed / 1.5 Bath units, with all units featuring washer/dryer hookups, individual garages, patios or balconies, and ocean views from select units. A new investor will benefit from acquiring a pride of ownership asset owned and managed by a professional entity for more than 20 years, boasting a very high level of quality care and maintenance throughout. The property has been recently upgraded with new roofs, vinyl windows and sliding doors, decks, railings, landscaping, lighting fixtures and paint. Inside, the units feature new kitchens with new upgrades cabinets, beautiful tile backsplashes and quartz countertops. Additionally, tenants will enjoy luxury vinyl plank flooring, LED can lights, and new bathtubs, new refrigerator, vanities and fixtures. The Granada Apartments represent a rare opportunity to acquire a turnkey, pride of ownership asset in one of Southern California's most desirable coastal communities.
Features
Building Area Total
  1. 8390.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 2702.00
Fuel Expense
  1. 0.00
Garage Rental Rate
  1. 0.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 3000.00
Insurance Expense
  1. 6410.00
Laundry Features
  1. Gas & Electric Dryer Hookup
Laundry Income
  1. 0.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Landscaped
Netoperatingincome
  1. 227075.00
Newtaxesexpense
  1. 70857.00
Otherincome1
  1. 1200.00
Otherincome2
  1. 12000.00
Parcel Number
  1. 69205601
Pest Control Expense
  1. 864.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 430814952:CRM
Taxblock
  1. 29
Totalactualrent
  1. 26610.00
Totalexpenses
  1. 99058.00
Trash Expense
  1. 2528.00
Vacancyallowance
  1. 6386
Water Sewer Expense
  1. 4697.00
Water Source
  1. Public
Year Built
  1. 1972
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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