618 Avenida Victoria

    San Clemente, CA 92672
    • $13,000,000
    • STATUS: Active
    • ON SITE: 286 days
    • ID#: PW19027895
    UPDATED: 15 min ago
    $13,000,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,000
      SQFT
    • $1,182
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1921
    County:

    School Ratings & Info

    Description

    CALL FOR OFFERS - A 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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T16:31:49.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/91602089

    618 Avenida Victoria San Clemente, CA 92672

    • Price: $13,000,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: PW19027895
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    11,000
    SQFT
    $1,182
    $/SQFT
    1921
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    CALL FOR OFFERS - A 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.
    Exterior Features

    Lot Features Corner LotNear Public TransitPark NearbyValue In Land Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Waterfront Features Beach AccessBeach FrontOcean AccessOcean Front

    Interior Features

    Condo Area Units Square Feet Heating Central Heating YN Yes Laundry Features Community

    Property Features

    Accounting Type Actual Additional Parcels YN No Advertising Expense 775.00 Asset Class Multi-FamilyRetail Building Area Units Square Feet Building Expenses 24248.00 Building Status Existing Country Us Electric Expense 6555.00 Expense Year 2019 Gross Scheduled Income 517656.00 Insurance Expense 10268.00 Land Use Multi-FamilyRetail Laundry Equipment Own Lease Own Laundry YN Yes Leasable Area Units Square Feet Maintenance Expense 5099.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 283017.00 Number Of Units Leased 15 Occupancy Occupied Operating Expense 234639.00 Other Expense 5184.00 Professional Management Expense 16800.00 Property Sub Type Mixed Use Real Estate Tax Expense 140000.00 Residential Square Footage 7642 Retail Square Footage 3358 Special Listing Conditions Standard Supplies Expense 4274.00 Tax Annual Amount 17794.00 Tax Year 2018 Total Expenses 234639.00 Total Monthly Rent 43138 Trash Expense 12992.00 Water Sewer Expense 8346.00 Water Source Public Zoning C-A | A-D (Sub Area: Pier

    Listing provided courtesy of Cameron Irons of Svn / Vanguard and Travis Dunn of Svn / Vanguard


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T16:31:49.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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