139 Avenida Sierra San Clemente, CA 92672
UPDATED:
02/05/2025 11:47 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,678 sqft
Price per Sqft $1,495
MLS Listing ID LG25011087
Style Detached
Bedrooms 7
Full Baths 5
HOA Y/N No
Year Built 1948
Lot Size 0.416 Acres
Acres 0.4161
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.
Location
State CA
County Orange
Area Oc - San Clemente (92672)
Interior
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 3.0
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Water Available, Sewer Connected, Water Connected
View Mountains/Hills, Neighborhood, Peek-A-Boo
Total Parking Spaces 10
Building
Lot Description Sidewalks, Landscaped
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2 Story
Others
Monthly Total Fees $1
Acceptable Financing Cash, Conventional, Exchange, Cash To New Loan
Listing Terms Cash, Conventional, Exchange, Cash To New Loan
Special Listing Condition Standard
Virtual Tour https://media.bowmangroupmedia.com/videos/0194675c-6f32-731e-9c17-ee84beb8be66
