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424 Avenida Granada

San Clemente, CA 92672
  • $7,000,000
  • STATUS: Active
  • ON SITE: 93 Days
  • MLS #: OC25016250
UPDATED: 3 min ago
$7,000,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Listing Agent(s): Brett Bayless of Brett Bayless, Broker (949-887-2465)


Description

We are pleased to present the Granada Apartments, an 8-Unit multifamily investment property located in an unbeatable location of Seaside San Clemente, only steps to the San Clemente Pier, beach access, Casa Romantica, and the shops and restaurants of Avenida Del Mar. The property boasts an excellent layout of bright, spacious, and open floorplans in turnkey condition, and an ideal unit mix of One(1) large 3 Bed/ 2.5 Bath Townhouse, and Seven (7) - 2 Bed / 1.5 Bath units, with all units featuring washer/dryer hookups, individual garages, patios or balconies, and ocean views from select units. A new investor will benefit from acquiring a pride of ownership asset owned and managed by a professional entity for more than 20 years, boasting a very high level of quality care and maintenance throughout. The property has been recently upgraded with new roofs, vinyl windows and sliding doors, decks, railings, landscaping, lighting fixtures and paint. Inside, the units feature new kitchens with new upgrades cabinets, beautiful tile backsplashes and quartz countertops. Additionally, tenants will enjoy luxury vinyl plank flooring, LED can lights, and new bathtubs, new refrigerator, vanities and fixtures. The Granada Apartments represent a rare opportunity to acquire a turnkey, pride-of-ownership asset in one of Southern California's most desirable coastal communities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T09:33:05.21. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159662202
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424 Avenida Granada San Clemente, CA 92672

  • Price: $7,000,000
  • Status: Active
  • On Site: 93 Days
  • Updated: 3 min ago
  • MLS #: OC25016250
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1972
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
We are pleased to present the Granada Apartments, an 8-Unit multifamily investment property located in an unbeatable location of Seaside San Clemente, only steps to the San Clemente Pier, beach access, Casa Romantica, and the shops and restaurants of Avenida Del Mar. The property boasts an excellent layout of bright, spacious, and open floorplans in turnkey condition, and an ideal unit mix of One(1) large 3 Bed/ 2.5 Bath Townhouse, and Seven (7) - 2 Bed / 1.5 Bath units, with all units featuring washer/dryer hookups, individual garages, patios or balconies, and ocean views from select units. A new investor will benefit from acquiring a pride of ownership asset owned and managed by a professional entity for more than 20 years, boasting a very high level of quality care and maintenance throughout. The property has been recently upgraded with new roofs, vinyl windows and sliding doors, decks, railings, landscaping, lighting fixtures and paint. Inside, the units feature new kitchens with new upgrades cabinets, beautiful tile backsplashes and quartz countertops. Additionally, tenants will enjoy luxury vinyl plank flooring, LED can lights, and new bathtubs, new refrigerator, vanities and fixtures. The Granada Apartments represent a rare opportunity to acquire a turnkey, pride-of-ownership asset in one of Southern California's most desirable coastal communities.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Landscaped Number Of Separate Electric Meters 9 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 2702 Fuel Expense 0 Garage YN Yes Gross Income 332520 Gross Scheduled Income 319320 Insurance Expense 6410 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 227075 New Construction YN No New Taxes Expense 70857 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 99058 Pest Control Expense 864 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 70802 Total Actual Rent 26610 Trash Expense 2528 Vacancy Allowance 6386 Water Sewer Expense 4697 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T09:33:05.21. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Brett Bayless of Brett Bayless, Broker (949-887-2465)