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117 Avenida Algodon 3 Unit Apartment Building Offered at $3,488,248 CAD at a 4.04% Cap Rate San Clemente, CA 92672
INVESTMENT HIGHLIGHTS
- Ocean Views (2nd story units) & 100% 2 Bedroom Units
- Newer Roof, Freshly Painted Exterior, New Exterior/Interior Electrical Panels & Wiring
- Tasteful & Exquisite Interior Renovations
- Over $495,000 in Capital Improvements Completed in 2025
- Tenant Pats Trash, Electric & Gas - Lower Operating Expenses
- 100% Pride of Ownership & Walk score of 90, "Walkers Paradise"
EXECUTIVE SUMMARY
Jon Mitchell, Xavier Hendricks of Kidder Mathews are
pleased to present 3 turnkey apartment units located
at 117 Avenida Algodon in the robust rental market of
San Clemente, California. This highly renovated 3-unit
apartment building offers a combination of strong
income potential and significant value appreciation.
Built in 1965, completely and tastefully renovated in
2025 by the owner who invested almost $500,000 in
capital improvement and consists of ±2,941 rentable
square feet. The property is situated on one parcel
totaling ±0.10 acres and includes individual garages,
3 assigned open spots and street parking is also
available. The property is separately metered for
gas and electric with a community laundry room that
provides the tenants with their own stacked laundry
machines including private storage closets.
117 Avenida Algodon has been exquisitely renovated
by the current ownership and is a desirable coastal
apartment community that offers investors key
amenities and an exceptional location within Orange
County. The property features 100% two-bedroom
units with functional layouts that consistently attract
long-term tenants. Two of the units enjoy ocean views
creating a unique competitive advantage. Residents
benefit from secured individual garages with epoxy
flooring and automatic garage door openers.
pleased to present 3 turnkey apartment units located
at 117 Avenida Algodon in the robust rental market of
San Clemente, California. This highly renovated 3-unit
apartment building offers a combination of strong
income potential and significant value appreciation.
Built in 1965, completely and tastefully renovated in
2025 by the owner who invested almost $500,000 in
capital improvement and consists of ±2,941 rentable
square feet. The property is situated on one parcel
totaling ±0.10 acres and includes individual garages,
3 assigned open spots and street parking is also
available. The property is separately metered for
gas and electric with a community laundry room that
provides the tenants with their own stacked laundry
machines including private storage closets.
117 Avenida Algodon has been exquisitely renovated
by the current ownership and is a desirable coastal
apartment community that offers investors key
amenities and an exceptional location within Orange
County. The property features 100% two-bedroom
units with functional layouts that consistently attract
long-term tenants. Two of the units enjoy ocean views
creating a unique competitive advantage. Residents
benefit from secured individual garages with epoxy
flooring and automatic garage door openers.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$194,228
|
$66.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,885
|
$1.32
|
| Effective Gross Income |
$190,343
|
$64.72
|
| Taxes |
$39,070
|
$13.28
|
| Operating Expenses |
$10,367
|
$3.53
|
| Total Expenses |
$49,438
|
$16.81
|
| Net Operating Income |
$140,906
|
$47.91
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $194,228 |
| Annual Per SF | $66.04 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,885 |
| Annual Per SF | $1.32 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $190,343 |
| Annual Per SF | $64.72 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,070 |
| Annual Per SF | $13.28 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,367 |
| Annual Per SF | $3.53 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,438 |
| Annual Per SF | $16.81 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $140,906 |
| Annual Per SF | $47.91 |
PROPERTY FACTS
| Price | $3,488,248 CAD | Apartment Style | Garden |
| Price Per Unit | $1,162,749 CAD | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,941 SF |
| Cap Rate | 4.04% | Average Occupancy | 67% |
| Gross Rent Multiplier | 17.9 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1965/2025 |
| Property Type | Multifamily | Parking Ratio | 2.04/1,000 SF |
| Price | $3,488,248 CAD |
| Price Per Unit | $1,162,749 CAD |
| Sale Type | Investment |
| Cap Rate | 4.04% |
| Gross Rent Multiplier | 17.9 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.10 AC |
| Building Size | 2,941 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2025 |
| Parking Ratio | 2.04/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- High Speed Internet Access
- Wi-Fi
- Double Pane Windows
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gas Range
- Wi-Fi
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $5,475 CAD | 970 - 1,001 |
| 2+1 | 1 | $5,235 CAD | 970 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 058-094-08 | Total Assessment | $2,203,021 CAD |
| Land Assessment | $2,019,846 CAD | Annual Taxes | $39,070 CAD ($13.28 CAD/SF) |
| Improvements Assessment | $183,174 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
058-094-08
Land Assessment
$2,019,846 CAD
Improvements Assessment
$183,174 CAD
Total Assessment
$2,203,021 CAD
Annual Taxes
$39,070 CAD ($13.28 CAD/SF)
Tax Year
2025
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117 Avenida Algodon
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