$3,150,000
UNDER CONTRACT

230 Avenida Montalvo San Clemente, CA 92672

Southwest San Clemente Neighborhood

Estimated payment $19,933/month

Total Views 4,079
2 Beds
2 Baths
4,926 Sq Ft
$639 Price per Sq Ft

Highlights

  • Laundry Room
  • Forced Air Heating System
  • 2-minute walk to Calafia State Park
  • Concordia Elementary School Rated A

About This Home

230 Avenida Montalvo is a rare investment opportunity in San Clemente’s highly sought-after “Loop” neighborhood. This blufftop 6-unit multifamily property offers breathtaking, unobstructed ocean views from every unit. Built in 1964 and family-owned for over 40 years, this extremely well-maintained asset presents a unique blend of pride of ownership and incredible upside potential, with approximately 45% in rental upside.

Each of the six spacious units features two bedrooms and two bathrooms, private balconies or patios, and stunning ocean views that enhance everyday living. Residents enjoy carport and driveway parking, while recent capital improvements—including new roofs, electrical systems, plumbing, dual-pane windows & sliders, reconstructed balconies, wood siding and insulation — ensure long-term stability and minimal maintenance needs.

Situated in a designated Short-Term Rental Zone, this property is ideal for investors looking to capitalize on both long-term and vacation rental demand. Just a short walk to San Clemente State Beach, Califia Park, and the scenic Bluff Trail, it offers an unbeatable coastal lifestyle that attracts consistent tenant interest. Don’t miss this exceptional opportunity to own a turnkey coastal asset with significant income growth potential in one of Southern California’s premier beach communities.

Listing Agent

Rick Applebaum

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 07/29/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,888 Sq Ft Lot
  • 1 Common Wall
  • Lot Sloped Down

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,926 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • Rain Gutters
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 961
  • Assessor Parcel Number 06013115
  • $46 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,157
  • Operating Expense $55,568
  • Gross Income $183,341
  • Net Operating Income $127,773

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 4.10
  • Price Per Unit: 525000
  • Property Attached: Yes
  • Zoning: R-3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 06013115
  • Year Built: 1964
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 639.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down
  • Lot Size Sq Ft: 8888.00
  • Lot Size Acres: 0.2040

Multi Family

  • Gross Multiplier: 16.67
  • Gross Operating Income: 183341.00
  • Gross Scheduled Income: 189012.00
  • Insurance Expense: 6157.00
  • Lot Size Area: 8888.0000 Square Feet
  • Net Operating Income: 127773.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 55568.00
  • Operating Expense Percent: 29.40
  • Rent Control: No
  • Total Expenses: 55568.00
  • Vacancy Allowance: 5670
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 421.16
  • Tax Lot: 29
  • Tax Tract Number: 961
  • TaxOtherAnnualAssessmentAmount: 46.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $3,150,000 -- $639 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25170151

California Regional Multiple Listing Service (CRMLS)
California Orange County San Clemente 92672 Southwest San Clemente

230 Avenida Montalvo, San Clemente, CA

This home is located at 230 Avenida Montalvo, San Clemente, CA 92672 and is currently priced at $3,150,000, approximately $639 per square foot. This property was built in 1964. 230 Avenida Montalvo is a home located in Orange County with nearby schools including Concordia Elementary School, Shorecliffs Middle School, and San Clemente High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Rick Applebaum
Listing Agent
Rick Applebaum
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Morgan Skenderian
(714) 576-5996