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$5,500,000
Est. payment /mo
0.41 Acres Lot
UPDATED:
01/22/2025 02:59 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRLG25009353
Originating Board California Regional MLS
Year Built 1948
Lot Size 0.412 Acres
Property Description
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 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 o
Location
State CA
County Orange
Area Sn - San Clemente North
Interior
Cooling None
Laundry In Laundry Room, Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Garage, Common Parking Area, Other, Room for Oversized Vehicle
Garage Spaces 3.0
Pool 31, None
View Hills, Local/Neighborhood, 30
Building
Water District - Public
Others
Tax ID 05703108
Special Listing Condition Not Applicable
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Listed by Jennifer Halbert • Berkshire Hathaway HomeServices California Properties