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$5,250,000

Est. payment - /mo

Price Dropped by $250K

139 Avenida Sierra San Clemente, CA 92672

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

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Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,678 sqft

Price per Sqft $1,427

MLS Listing ID CRLG25011087

Bedrooms 7

Full Baths 5

Originating Board California Regional MLS

Year Built 1948

Lot Size 0.416 Acres

Property Sub-Type Single Family Home

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 o

Location

State CA

County Orange

Area Sn - San Clemente North

Rooms

Dining Room In Kitchen

Interior

Cooling None

Fireplaces Type None

Laundry In Laundry Room, Laundry Area

Exterior

Parking Features Garage, Common Parking Area, Other, Room for Oversized Vehicle, Uncovered Parking

Garage Spaces 3.0

Pool 31, None

Utilities Available Electricity - On Site

View Hills, Local/Neighborhood, 30

Building

Water District - Public

Others

Tax ID 05703108

Special Listing Condition Not Applicable

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

Listed by Jennifer Halbert • Berkshire Hathaway HomeServices California Properties

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321