Property · 2 recorded sales since 2022
Listing Agent: Michael O'Neill II (DRE #02036937) · Listing Office: CB Richard Ellis, Inc. · Bought with: Michael O'Neill II · CB Richard Ellis, Inc. · MLS #26641393 · Source: CRMLS
San Clemente coastal multifamily opportunity steps from Calafia Beach & Coastal Trail. 256 Avenida Lobeiro is a 5-unit, all 2-bed property with select ocean-view units, private balconies, and modern updates - including a penthouse with $50K in upgrades. Strong in-place current cap rate of 4.07%. Owned solar, garages, community laundry, and fresh 2025 exterior paint. Located in a Short-Term Rental Zone and walkable to beaches, parks, and trail.
Listing description from the March 2026 sale, as reported to CRMLS.