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109 Coronado Lane, San Clemente, CA 92672

Property Details

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109 Coronado Lane
San Clemente, CA 92672

In Escrow / Under Contract: $13,725,000

Property Type: Commercial Apartments
MLS#: PW18203399

  • Building Size: 19008 SF
  • Lot Size: 27616 SF
  • Number of Units: 28
  • Number of Stories: 1
  • Year Built: 1970
  • Days on market: 56
  • Cap Rate: 2.80
  • Net Operating Income: $382,380
  • Rent Control: No
  • GRM: 20.13
  • Contact Listing Agent Direct:
  • Michael Sacks, Coldwell Banker Res. Brokerage


Property Description

This investment opportunity is located along the southern California coastline; offering expansive ocean views, cool pacific breezes and beautiful sandy beaches are only steps away. Three of the four buildings are located in the coveted “Pier-Bowl” area and adjacent to the Downtown District, the fourth property is located in the North Beach area. This project proves to have tremendous upside as the apartments interiors are clean and bright with mostly original apartment grade spaces. One of the twenty eight units was remodeled in recent years and other repairs have been made on an as needed basis; including: plumbing, electrical, roofing and cosmetics. The four properties have been professionally managed and maintained; and the tenants have proven to feel at home per the history of long-term tenancy these properties offer. This is a rare opportunity to purchase property in a priceless location; this coastal real estate is clearly a fine investment for the forward thinking, legacy building profile.


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109 Coronado Lane, San Clemente, CA 92672

Based on information from California Regional Multiple Listing Service, Inc. as of September 17, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Michael Sacks, Coldwell Banker Res. Brokerage

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