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313 Acebo Ln 7 Unit Apartment Building $6,359,500 CAD ($908,500 CAD/Unit) 3.54% Cap Rate San Clemente, CA 92672
INVESTMENT HIGHLIGHTS
- Prime Coastal Location - Steps to the Beach, Pier, Shops & Restaurants
- All Well Designed Two Bedroom Units
- Prestigious Pier Bowl Location
- Stunning Ocean Views from the Majority of Units
- Immaculate Property - Newer Roofs, Windows & Exterior Paint. All Interiors Upgraded
- Projected 26% in Rental Upside
EXECUTIVE SUMMARY
Morgan Skenderian is pleased to present this exceptional coastal investment opportunity in San Clemente’s coveted Pier Bowl. This rare 7-unit apartment complex offers
investors the perfect blend of prime location, turnkey condition, and income growth potential.
Just steps from the sand, pier, and Avenida Del Mar (downtown), the property features ocean views from most units and an unbeatable walkable lifestyle that consistently drives tenant demand. Each two-bedroom, one-bath unit has been tastefully upgraded featuring new kitchens with modern cabinetry, stainless steel appliances, stylish tile backsplashes, and contemporary flooring throughout. The bathrooms have been fully remodeled with new vanities, tile surrounds, and shower/tubs while the building itself has been meticulously maintained with a newer roof, dual-pane windows, and fresh exterior paint—minimizing capital expenditures. Several units offer private balconies, and all benefit from covered carport parking. With approximately 26% rental upside, this is an extraordinary chance to acquire a low-maintenance coastal multifamily asset in one of Southern California’s most desirable beachside submarkets.
*Current Rents are effective as of January 1, 2026.
investors the perfect blend of prime location, turnkey condition, and income growth potential.
Just steps from the sand, pier, and Avenida Del Mar (downtown), the property features ocean views from most units and an unbeatable walkable lifestyle that consistently drives tenant demand. Each two-bedroom, one-bath unit has been tastefully upgraded featuring new kitchens with modern cabinetry, stainless steel appliances, stylish tile backsplashes, and contemporary flooring throughout. The bathrooms have been fully remodeled with new vanities, tile surrounds, and shower/tubs while the building itself has been meticulously maintained with a newer roof, dual-pane windows, and fresh exterior paint—minimizing capital expenditures. Several units offer private balconies, and all benefit from covered carport parking. With approximately 26% rental upside, this is an extraordinary chance to acquire a low-maintenance coastal multifamily asset in one of Southern California’s most desirable beachside submarkets.
*Current Rents are effective as of January 1, 2026.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$327,867
|
$59.15
|
| Other Income |
$1,493
|
$0.27
|
| Vacancy Loss |
$9,881
|
$1.78
|
| Effective Gross Income |
$319,479
|
$57.64
|
| Taxes |
$64,201
|
$11.58
|
| Operating Expenses |
$30,148
|
$5.44
|
| Total Expenses |
$94,349
|
$17.02
|
| Net Operating Income |
$225,130
|
$40.62
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $327,867 |
| Annual Per SF | $59.15 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,493 |
| Annual Per SF | $0.27 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,881 |
| Annual Per SF | $1.78 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $319,479 |
| Annual Per SF | $57.64 |
| Taxes (CAD) | |
|---|---|
| Annual | $64,201 |
| Annual Per SF | $11.58 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,148 |
| Annual Per SF | $5.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $94,349 |
| Annual Per SF | $17.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $225,130 |
| Annual Per SF | $40.62 |
PROPERTY FACTS
| Price | $6,359,500 CAD | Apartment Style | Garden |
| Price Per Unit | $908,500 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.54% | Building Size | 5,543 SF |
| Gross Rent Multiplier | 19.31 | No. Stories | 3 |
| No. Units | 7 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Apartment |
| Price | $6,359,500 CAD |
| Price Per Unit | $908,500 CAD |
| Sale Type | Investment |
| Cap Rate | 3.54% |
| Gross Rent Multiplier | 19.31 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,543 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.26/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Stainless Steel Appliances
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | $3,994 CAD | 792 |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 692-026-04 | Total Assessment | $5,845,310 CAD |
| Land Assessment | $5,541,659 CAD | Annual Taxes | $64,201 CAD ($11.58 CAD/SF) |
| Improvements Assessment | $303,651 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
692-026-04
Land Assessment
$5,541,659 CAD
Improvements Assessment
$303,651 CAD
Total Assessment
$5,845,310 CAD
Annual Taxes
$64,201 CAD ($11.58 CAD/SF)
Tax Year
2025
CONTACTS
-
Rick Applebaum -
Paul Espinosa -
Garrett Blair -
Morgan-Skenderian Investment Real Estate Group
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