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Sold for $2,335,000 on 02/19/25
  • Listing Provided by: 

    Rick Applebaum DRE #01273871 rma@morganskenderian.com,

    Morgan Skenderian,

    Paul Espinosa DRE #01942627,

    Morgan Skenderian

    Bought with: Triqor Group
    $2,335,000

    244-246 W Avenida Palizada, San Clemente, CA 92672

    6beds
    6baths
    3,249sqft
    Multi Family
    Built in 1960
    -- sqft lot
    $2,389,700 Zestimate®
    $719/sqft
    $-- Estimated rent

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    What's special

    Pleased to present 244 West Avenida Palizada, situated in a prime location just 1.5 blocks from the beach, scenic Linda Lane Park, and Casa Romantica. Built in 1960, the subject is comprised of five units plus one non-conforming unit. Essentially, all units are single-story and offer stunning canyon views, patios, and balconies, on-site laundry, and parking for each unit. Additionally, renters are attracted to this location for its easy access to the vibrant downtown scene, just 2 blocks away on Avenida Del Mar. With an added value opportunity of approximately ±20% in rental upside, and a spacious ±12,196 SF lot allowing for potential redevelopment, this property presents a compelling proposition for astute investors seeking a prime residential income opportunity. *Studio is non-conforming.

    Zillow last checked: 8 hours ago

    Listing updated: February 20, 2025 at 04:43pm

    Listing Provided by:

    Rick Applebaum DRE #01273871 rma@morganskenderian.com,

    Morgan Skenderian,

    Paul Espinosa DRE #01942627,

    Morgan Skenderian

    Bought with:

    Gary Tolfa, DRE #00955403

    Triqor Group

    Source: CRMLS,MLS#: PW25005200MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 3,249
    • Total interior livable area: 3,249 sqft

    Property

    Parking
    • Total spaces: 7
    • Uncovered spaces: 7
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.28 Acres
    Details
    • Parcel number: 69205104
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Storm Drain(s), Sidewalks
    Location
    • Region: San Clemente

    HOA & financial

    Other financial information
    • Total actual rent: 12475

    Other

    Other facts
    • Listing terms: Cash,1031 Exchange
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    Estimated market value
    $2,389,700