135 Avenida Sierra, San Clemente, CA 92672

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Glen Henderson

[email protected] +1(619) 889-7646

$5,250,000

Est. payment - /mo

0.42 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG25014194

HOA Y/N No

Lot Size 0.416 Acres

Acres 0.4161

Property Sub-Type Lots/Land

Type of Financing Cash,Conventional,Exchange

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 spanni
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 Oc - San Clemente (92672)

Exterior

Utilities Available Electric

Building

Lot Description Sidewalks

Others

Monthly Total Fees $1

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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

CFD/Mello-Roos Fee $22

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Listed by Jennifer Halbert • Berkshire Hathaway HomeServices California Properties

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

135 Avenida Sierra San Clemente, CA 92672

Glen Henderson

Key Details

Location

Exterior

Building

Others

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