Central San Clemente
428 Monterey Lane
San Clemente, California, 92672 United States

Pacific Sotheby's International Realty
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428 Monterey Lane

We are pleased to present the Capri Apartments, a 5+1 unit investment opportunity located in the quaint Spanish seaside community of San Clemente. Perched atop the city's highly coveted "Pier Bowl", the Capri Apartments offer breathtaking, million-dollar ocean views from all units except the non-conforming studio. Furthermore, the property is just steps from pristine beaches, Historical San Clemente Pier, and San Clemente Beach Trail, plus an array of restaurants and shops just a mere two blocks over in the city's Avenida Del Mar'' or Downtown'' as locals know it. Some interiors have received recent upgrades with the others available for improvement and dramatically increased rents. A diverse unit mix of studio, 1 & 2-bedroom units create opportunity for renters of all types who'd like to enjoy living in this one of a kind location. Amenities as ocean-view balconies, on-site laundry, carport and garage parking along with it's proximity to the coastline further enhance the appeal to potential renters and/or vacationers The Capri Apartments offers multiple outlets of amazing growth potential, whether it is through continued upgrades and increased rents or capitalize on seldom-available, exclusively limited short-term vacation rentals in which the property is zoned for making this coastal asset a welcomed and smart additional to any investor's portfolio. *Property is legally 5 units + 1 non-conforming unit

Listing Courtesy of Morgan Skenderian
 
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Amenities & Features

  • Listing Details
    • Property ID
      PW21069119
    • MLS#
      PW21069119
    • Property type
      Residential Income
    • Status
      Available
    • Listing Price
      $2,450,000
    • Subdivision
      Not Applicable-OA
    • County
      Orange County
    • School District
      Capistrano Unified
  • Utilities & Building
    • Year Built
      1963
    • Lot Size Unit
      Acre(s)
    • Lot Size
      0.15