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31619235
31619237

614 Avenida Victoria, San Clemente, CA 92672

TB
CA 02215641
eXp Realty of Greater LA, Inc.
BB
CA 01297151
Anderson Ballard Companies
Listed by eXp Realty of Greater LA, Inc., Anderson Ballard Companies
$10,950,000
55 days on market
Updated 1 day ago

614 Avenida Victoria

Details
APN 692-21-02
Property Type Retail, Multifamily (+1)
Sub Type Restaurant, Apartment Building
Square Footage 5,348
Units 3
Cap Rate 2.40%
NOI $286,463
Tenancy Multi
Pro-Forma Cap Rate 3.20%
Pro-Forma NOI $378,323
Year Built 2015
Buildings 1
Lot Size (SqFt) 6,534
Zoning PBSP, Pier Bowl Specific Plan
Parking Spaces 2 spaces
Parking Per SqFt 0.37
Investment Type Value Add

Retail | 2.40% CAP | 5,348 SqFt

Marketing description

614 Avenida Victoria presents a rare opportunity to acquire a trophy mixed-use asset in the heart of San Clemente’s Pier Bowl, directly fronting the beach and San Clemente Pier. This irreplaceable location—one of the only properties in Orange County with true pier-adjacent access without crossing a major roadway—drives exceptional long-term value and demand.

The property consists of approximately 5,300+ SF including two large residential units and a ground-floor commercial eatery, all constructed circa 2015 and maintained in strong condition. Each residential unit features 3 bedrooms, ocean views, and private 2-car garages, complemented by additional on-site parking. With projected annual income nearing $500,000 and additional upside through short-term rental potential, the asset offers a compelling blend of stable in-place income and value-add positioning. Zoned under the Pier Bowl Specific Plan, the property also presents future flexibility, including potential condominium conversion (buyer to verify). Currently being operated as a short-term rental.

Located in the heart of San Clemente’s Pier Bowl, just steps from the beach and directly across from the iconic San Clemente Pier.

San Clemente is a premier coastal community in South Orange County known for its laid-back surf culture, stunning ocean views, and signature Spanish-style architecture. Often called the “Spanish Village by the Sea,” it blends luxury coastal living with a relaxed, smalltown feel. Residents and visitors enjoy world-class beaches, the iconic San Clemente Pier, vibrant dining along Del Mar Street, and easy access to both Los Angeles and San Diego. With its year-round sunshine, strong sense of community, and high-end yet approachable lifestyle, San Clemente is one of Southern California’s most desirable places to live and invest.

Investment highlights

  • Trophy mixed-use asset in the heart of San Clemente’s Pier Bowl
  • Two 3-bedroom residential units with ocean and pier views
  • Strong investment potential
  • Strong income profile with ~$500K projected annual revenue,
  • comes with STR permits
  • Rooftop patio with ocean views
  • Closest property to San Clemente Pier
  • Number of Units: 3
  • Lot Size: 6,534 SF
  • Building Size: 5,348 SF
  • Type: Mixed Use
  • Year Built: 2015
  • Foundation: Concrete
  • Parcels: 692-21-02
  • Number of Beds: 7
  • Number of Baths: 7
  • Number of Buildings: 1
  • Parking: 2 1 Car Garages
  • Walk Score: (77)
  • Zoning Code: PBSP
  • County: Orange County

Listing Contacts

TB
CA 02215641
eXp Realty of Greater LA, Inc.
BB
CA 01297151
Anderson Ballard Companies
Listed by eXp Realty of Greater LA, Inc., Anderson Ballard Companies

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$286,463.08
$23,871.92/mo

Valuation Metrics

0
DSCR
2.62%
Cap Rate
2.62%
ROI

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Additional Information

Name
Trey Ballard
License
02215641
Brokerage
eXp Realty of Greater LA
Brokerage Phone
8188508802
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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