135 Avenida Sierra Active Save Request In-Person Tour Request Virtual Tour
San Clemente,CA 92672
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 18,124 sqft
Price per Sqft $289
Subdivision Other (Othr)
MLS Listing ID LG25014194
HOA Y/N No
Lot Size 0.416 Acres
Acres 0.4161
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 18,000 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. Buyer and buyer's agent are responsible for verifying all information for ultimate use. Conceptual renderings provided by well-known local architect David M. Parker.
Location
State CA
County Orange
Area Sn - San Clemente North
Zoning Land/Resi
Interior
Inclusions 5 total units, 4 income-producing units, (3 separate parcels being sold together) 135 Avenida Sierra (APN 057-031-10). 137 Avenida Sierra (APN 057-031-09). 139 Avenida Sierra (APN 057-031-08)
Exterior
Community Features Sidewalks
Utilities Available Electricity Available,Electricity Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
Waterfront Description Ocean Side of Freeway,Ocean Side Of Highway 1
View Y/N Yes
View Hills,Neighborhood,Peek-A-Boo
Building
Lot Description 0-1 Unit/Acre,Landscaped
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Virtual Tour https://media.bowmangroupmedia.com/videos/0194675c-6f32-731e-9c17-ee84beb8be66
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To New Loan,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW CONTACT NAME Jennifer Halbert
SHOW CONTACT PH 9498992113
SHOW INSTRUCTIONS Showings with an accepted offer. Offers contingent upon interior inspection. *Please do not disturb occupants. Buyer to verify all property facts and conditions. Information provided deemed reliable but not guaranteed. Call Jennifer Halbert with any questions 949-899-2113.