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San Clemente Beachwalk 211 W Marquita 25 Unit Apartment Building $13,014,749 CAD ($520,590 CAD/Unit) 4.20% Cap Rate San Clemente, CA 92672
Investment Highlights
- Rare offering with 24 legal apartment units plus 1 non-conforming studio in coastal San Clemente.
- Peekaboo ocean views complement the property’s walkable coastal setting and strong tenant appeal.
- 11 renovated units demonstrate the property’s rent potential, while the remaining units offer additional renovation upside.
- Walkable to beaches, Avenida Del Mar, the Pier Bowl, restaurants, bars, shops, schools, and everyday conveniences.
- Exceptional parking supply with 23 individual garages and 10 surface spaces for 33 total spaces.
- Clear value-add opportunity through additional interior upgrades and comprehensive exterior repositioning.
Executive Summary
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 211 W Marquita, a 24+1 unit multifamily property located in San Clemente, California. Built in 1951 and 1971, the property features an estimated 11,827 rentable square feet on a 0.61-acre lot, with a unit mix consisting of 21 one-bedroom/one-bath units, three studio units, and one non-conforming studio unit. The property also offers 23 garage spaces, 10 surface spaces, and an on-site laundry facility.
211 W Marquita is positioned in one of San Clemente’s most desirable coastal rental environments, within walking distance of beaches, schools, local shops, restaurants, bars, and everyday conveniences. The property benefits from proximity to the Avenida Del Mar dining and retail corridor, the San Clemente Pier, coastal trails, and the recently opened Miramar Food Hall in North Beach. This location provides tenants with the walkable coastal lifestyle that continues to drive demand throughout San Clemente.
The offering provides investors with a clear value-add opportunity through both interior and operational upside. A new owner could pursue a comprehensive property and unit renovation program to better align the asset with current market expectations, as renovated apartment units in San Clemente have demonstrated the ability to achieve meaningful rental premiums. In addition, the property currently does not have a RUBS program in place, creating the potential to recapture a portion of utility expenses, while the existing garage and surface parking may provide an additional opportunity to generate revenue.
With its coastal San Clemente location, substantial parking supply, and multiple avenues to improve income, 211 W Marquita offers investors the opportunity to reposition a well-located asset in one of South Orange County’s most supply-constrained rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
211 W Marquita is positioned in one of San Clemente’s most desirable coastal rental environments, within walking distance of beaches, schools, local shops, restaurants, bars, and everyday conveniences. The property benefits from proximity to the Avenida Del Mar dining and retail corridor, the San Clemente Pier, coastal trails, and the recently opened Miramar Food Hall in North Beach. This location provides tenants with the walkable coastal lifestyle that continues to drive demand throughout San Clemente.
The offering provides investors with a clear value-add opportunity through both interior and operational upside. A new owner could pursue a comprehensive property and unit renovation program to better align the asset with current market expectations, as renovated apartment units in San Clemente have demonstrated the ability to achieve meaningful rental premiums. In addition, the property currently does not have a RUBS program in place, creating the potential to recapture a portion of utility expenses, while the existing garage and surface parking may provide an additional opportunity to generate revenue.
With its coastal San Clemente location, substantial parking supply, and multiple avenues to improve income, 211 W Marquita offers investors the opportunity to reposition a well-located asset in one of South Orange County’s most supply-constrained rental markets.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$895,107
|
$75.68
|
| Other Income |
$7,771
|
$0.66
|
| Vacancy Loss |
$26,853
|
$2.27
|
| Effective Gross Income |
$876,025
|
$74.07
|
| Taxes |
$131,244
|
$11.10
|
| Operating Expenses |
$198,694
|
$16.80
|
| Total Expenses |
$329,937
|
$27.90
|
| Net Operating Income |
$546,088
|
$46.17
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $895,107 |
| Annual Per SF | $75.68 |
| Other Income (CAD) | |
|---|---|
| Annual | $7,771 |
| Annual Per SF | $0.66 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $26,853 |
| Annual Per SF | $2.27 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $876,025 |
| Annual Per SF | $74.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $131,244 |
| Annual Per SF | $11.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $198,694 |
| Annual Per SF | $16.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $329,937 |
| Annual Per SF | $27.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $546,088 |
| Annual Per SF | $46.17 |
Property Facts
| Price | $13,014,749 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $520,590 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 4.20% | Building Size | 11,827 SF |
| Gross Rent Multiplier | 14.41 | No. Stories | 2 |
| No. Units | 25 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 2.79/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4, San Clemente | ||
| Price | $13,014,749 CAD |
| Price Per Unit | $520,590 CAD |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| Gross Rent Multiplier | 14.41 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 11,827 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.79/1,000 SF |
| Zoning | R4, San Clemente |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Oven
- Range
- Carpet
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 288 - 500 |
| 1+1 | 21 | - | 416 - 635 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 058-132-15 | Total Assessment | $9,659,254 CAD (2025) |
| Land Assessment | $8,448,019 CAD (2025) | Annual Taxes | $131,244 CAD ($11.10 CAD/SF) |
| Improvements Assessment | $1,211,235 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
058-132-15
Land Assessment
$8,448,019 CAD (2025)
Improvements Assessment
$1,211,235 CAD (2025)
Total Assessment
$9,659,254 CAD (2025)
Annual Taxes
$131,244 CAD ($11.10 CAD/SF)
Tax Year
2026 Payable 2026
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San Clemente Beachwalk | 211 W Marquita
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