135/137/139 Avenida Sierra Located on the ocean side of the 5 freeway in an established San Clemente neighborhood, this multi-unit income property could be the opportunity of a lifetime. Set on three separate parcels in close proximity to local beaches, parks, the Metrolink and many shopping/dining options, the… Read More property includes approximately 17,947 square feet and five units. An ocean view is available from the upper unit and the potential exists to build a new structure up from the spacious parking lot to capitalize on panoramic views of the ocean, city lights and hillsides. Currently, the property grosses over $10,200/month; 4 of the units are rented and records are available from the owner. An additional ADU could be upfitted to receive a permit and potentially bring another income stream totaling around $1,500/month. A 3-car garage and shared laundry add to the current investment value and versatility. With the potential to subdivide and build three single family homes, the property could deliver a substantial return on investment. The options are endless: live in the upper unit and enjoy the ocean breeze while renting the others, create a family compound, realize a 1031 Exchange to avoid capital gains or purchase solely as an investment and avoid the stress/fluctuations of the financial markets. Considering the premium location and the idea that the demand for Southern California real estate is unlikely to abate, the time to act is now. With the potential for appreciation and a current income stream, this versatile property could be a chance to build a legacy spanning multiple generations. Read Less
Property listed by Berkshire Hathaway HomeServices California Properties, Jennifer Halbert 949-899-2113
Listing Snapshot
Days Online
13
Last Updated
Property Type
Single Family Residence
Beds
7
Full Baths
5
Square Ft.
3,678
Lot Size
0.41 Acres
Year Built
1948
MLS Number
LG25011087
30 Days Snapshot Of 92672
$1,496k
0%
(avg) sold price
0
-100%
homes sold
70
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1948, Levels: Two, Living area: 3678, 2 stories, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of 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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