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Listed by Tyler Leeson, DRE #01451551 • Marcus & Millichap RE Invest
$ 8,850,000
Est. payment /mo
Price Dropped by $400K
211 W Marquita San Clemente, CA 92672
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26158213
Year Built 1971
Source California Regional MLS
Property Description
211 W Marquita is a 24+1 unit multifamily property located in San Clemente, California. Built in 1951 and 1971, the property features an estimated 11,827 rentable square feet on a 0.61-acre lot, with a unit mix consisting of 21 one-bedroom/one-bath units, three studio units, and one non-conforming studio unit. The property also offers 23 garage spaces, 10 surface spaces, and an on-site laundry facility. 211 W Marquita is positioned in one of San Clemente's most desirable coastal rental environments, within walking distance of beaches, schools, local shops, restaurants, bars, and everyday conveniences. The property benefits from proximity to the Avenida Del Mar dining and retail corridor, the San Clemente Pier, coastal trails, and the recently opened Miramar Food Hall in North Beach. This location provides tenants with the walkable coastal lifestyle that continues to drive demand throughout San Clemente. The offering provides investors with a clear value-add opportunity through both interior and operational upside. A new owner could pursue a comprehensive property and unit renovation program to better align the asset with current market expectations, as renovated apartment units in San Clemente have demonstrated the ability to achieve meaningful rental premiums. In addition, the p
Location
State CA
County Orange
Area Sc - San Clemente Central
Interior
Laundry Community Facility
Exterior
Garage Spaces 33.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 05813215
Special Listing Condition Not Applicable
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