Homes for sale - 135 Avenida Sierra, San Clemente, CA 92672

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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$5,250,000

Est. payment - /mo

0.42 Acres Lot

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG25014194

HOA Y/N No

Lot Size 0.416 Acres

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)

Fireplace No

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

View Y/N Yes

View Hills, Neighborhood, Peek-A-Boo

Present Use Investment,Multi-Family

Building

Lot Description 0-1 Unit/Acre, Landscaped

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 05703110

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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

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

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

135 Avenida Sierra San Clemente, CA 92672

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

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