CA > San Clemente
San Clemente, CA 92672,135 Avenida Sierra
San Clemente, CA 92672,135 Avenida Sierra
San Clemente, CA 92672,135 Avenida Sierra
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Jennifer Halbert • Berkshire Hathaway HomeServices California Properties
$5,250,000
Est. payment /mo
0.42 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRLG25014194

Originating Board California Regional MLS

Lot Size 0.416 Acres

Property Sub-Type Other Residential Land

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

Zoning D0,LS

Exterior

Utilities Available Electricity - On Site

View Hills, Local/Neighborhood, 30

Building

Water District - Public

Others

Tax ID 05703110

Special Listing Condition Not Applicable

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

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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