Residential Income – 618 Avenida Victoria, San Clemente, CA 92672, USA -001-11-30T00:00:00-08:00
Unique opportunity to acquire an iconic property in San Clemente’s highly sought-after Pier Bowl, located steps from world class beaches, restaurants, shopping, hotels, and other tourist draws. The Subject Property is located in the beach community of San Cl
618 Avenida Victoria, San Clemente, CA 92672, USA
$13,000,000 USD
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Address618 Avenida victoria, San Clemente
Price$13,000,000
Year Built1921
Bedrooms Total0
Living Area11,000 ft2
Lot Size (Sq.Ft.)69,707,500
Listing IDPW19026650
StatusActive
Parcel Number69202101
ZoningC-A
Special ConditionsStandard
Days on Market47

Detailed Description: Unique opportunity to acquire an iconic property in San Clemente’s highly sought-after Pier Bowl, located steps from world class beaches, restaurants, shopping, hotels, and other tourist draws. The Subject Property is located in the beach community of San Clemente (South Orange County) with easy access to Interstate 5, blocks from Downtown San Clemente (Del Mar Street) and directly adjacent to the San Clemente Pier. 618-630 Avenida Victoria is situated near the westernmost point of Avenida Victoria and just to the south of a city-controlled public parking lot of more than 165 stalls. The property is approved for short term vacation rentals (STAR / STLU) subject to City application and approval. San Clemente is known for it’s year-long Mediterranean climate, convenient transit (Amtrak-Metrolink directly adjacent) and sandstone bluffs with camping / day-use state beaches. To the immediate west, a 2.3 mile beach trail draws residents and tourists to the Pier that beginning at North Beach and ending at San Clemente State Beach.

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Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address618 Avenida victoria, San Clemente
CitySan Clemente
Location (MLS Area)699 – Not Defined
County Or ParishOrange
Postal Code Plus45369
CountryUS
Financial Information
Price per Square Foot$1,181.82
Special ConditionsStandard
Total Expenses$234,639
Professional Management Expense$16,800
Licenses Expense$775
Operating Expense$234,639
Insurance Expense$10,268
Electric Expense$6,555
Water Sewer Expense$8,346
Trash Expense$12,992
Maintenance Expense$5,099
Supplies Expense$4,274
Fuel Expense$3,278
Operating Expense45%
Other Expense DescriptionCAPEX
Other Expense$24,249
Gross Income$517,656
Gross Scheduled Income$517,656
Net Operating Income$283,017
Total Actual Rent$43,138
Gross Multiplier25%
Tax Year2019
Tax Lot1
New Taxes Expense$140,000
Full Descriptions
Parcel Number69202101
Detailed DescriptionUnique opportunity to acquire an iconic property in San Clemente’s highly sought-after Pier Bowl, located steps from world class beaches, restaurants, shopping, hotels, and other tourist draws. The Subject Property is located in the beach community of San Clemente (South Orange County) with easy access to Interstate 5, blocks from Downtown San Clemente (Del Mar Street) and directly adjacent to the San Clemente Pier. 618-630 Avenida Victoria is situated near the westernmost point of Avenida Victoria and just to the south of a city-controlled public parking lot of more than 165 stalls. The property is approved for short term vacation rentals (STAR / STLU) subject to City application and approval. San Clemente is known for it’s year-long Mediterranean climate, convenient transit (Amtrak-Metrolink directly adjacent) and sandstone bluffs with camping / day-use state beaches. To the immediate west, a 2.3 mile beach trail draws residents and tourists to the Pier that beginning at North Beach and ending at San Clemente State Beach.
Lot FeaturesNear Public Transit, Park Nearby, Value In Land, Walkstreet
Community FeaturesCurbs, Sidewalks
Water SourcePublic
Laundry FeaturesCommunity, See Remarks
Heating DescriptionCentral Furnace
Property ConditionTurnkey
Sewer DescriptionPublic Sewer
Common Walls Description2
View DescriptionCoastline, Ocean, Panoramic, Water, White Water
Waterfront FeaturesBeach Access, Beach Front
Direction FacesWest
Pool FeaturesNone
Road Surface TypeAlley Paved, Paved
Road Frontage TypeCity Street
Property parameters
Year Built1921
Living Area (Sq.Ft.)11,000 ft2
Lot Size (Sq.Ft.)69,707,500
Lot Size (Acres)1,600.264
Lot Size SourceAssessor
Number of Buildings1
Number of Units Leased15
Number of Units Total15
ZoningC-A
Stories Total3
Parking Spaces10
Garage Spaces2
Uncovered Spaces8
LevelsThree Or More
Water SourcePublic
Units Total15
Year Built SourceAssessor
Number of Separate Electric Meters6
Number of Separate Gas Meters2
Number of Separate Water Meters1
Listed withCameron Irons (SVN / Vanguard)