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 17,947 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.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
1/16/2025
|
|
YEAR BUILT
|
1948
|
COMMUNITY
|
San Clemente North
|
|
GARAGE SPACES
|
3.0
|
COUNTY
|
Orange
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
None |
| AREA |
San Clemente North |
| GARAGE |
Garage, On Site, Oversized, Paved, Yes |
| HOA DUES |
0 |
| LOT |
0.41 acre(s) |
| LOT DESCRIPTION |
0-1 Unit/Acre, Landscaped |
| PARKING |
Garage,On Site,Oversized,Paved |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
Electricity Available,Electricity Connected,Sewer Available,Sewer Connected,Water Available,Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Hills,Neighborhood,Peek-A-Boo |
| WATER |
Public |
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Listed with Berkshire Hathaway HomeServices California Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/16/25 12:03 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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