306 Cazador Ln, San Clemente, CA 92672

Property Description

We are pleased to offer 306 Cazador Lane, a 6-unit apartment complex located in the prestigious Pier Bowl, San Clemente's most desirable rental market. The offering at 306 Cazador Lane is walking distance to the sand, the historical San Clemente Pier and just a few blocks from Avenida Del Mar, which is best known as the city's downtown, full of shops, dining and entertainment. This 6-unit building is comprised of (6) one bedroom/one-bathroom, single story units, which 4 out of the 6 have been extensively remodeled with new kitchens, bathrooms, flooring, decorative paint and other high-end finishes. The lush landscaping and meticulously maintained property combined with a quiet, residential street provides renters with an ideal place to live for lengthy periods. The property has been family owned for over 40 years and is a true pride of ownership opportunity with numerous capital improvements including a new roof, vinyl windows and water heaters. Typical of long-term owners, the existing rents have fallen well below the current market levels. A new owner is projected to be able improve rents by approximately 30% without the need for major remodels and capital improvements making this investment one of the rarest and best opportunities available. *Pride of Ownership Beach Property, *All Single Story Units, *Walking Distance to the Sane and Pier, *Majority of the Units have been Renovated & Upgraded, *Estimated 30% Upside in Rents, *Same Owners For 40 Years, *Garages