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$5,250,000

Est. payment - /mo

0.42 Acres Lot

Price Dropped by $250K

139 Avenida Sierra San Clemente, CA 92672

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Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG25009353

HOA Y/N No

Year Built 1948

Lot Size 0.416 Acres

Property Sub-Type Quadruplex

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

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Parking Features Garage, On Site, Oversized, Paved

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Sidewalks

Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N Yes

View Hills, Neighborhood, Peek-A-Boo

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Landscaped

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 05703108

Energy Description 1.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://media.bowmangroupmedia.com/videos/0194675c-6f32-731e-9c17-ee84beb8be66

Listed by Jennifer Halbert • Berkshire Hathaway HomeServices California Properties • 949-899-2113

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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139 Avenida Sierra San Clemente, CA 92672

Jerry And Rachel Team Hsieh

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139 Avenida Sierra