CA > San Clemente
San Clemente, CA 92672,139 Avenida Sierra
San Clemente, CA 92672,139 Avenida Sierra
San Clemente, CA 92672,139 Avenida Sierra
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Jennifer Halbert • Berkshire Hathaway HomeServices California Properties
$5,250,000
Est. payment /mo
7 Beds
5 Baths
3,678 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,678 sqft

Price per Sqft $1,427

MLS Listing ID LG-25011087

Bedrooms 7

Full Baths 5

Year Built 1948

Lot Size 0.416 Acres

Property Sub-Type Single Family Residence

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

Interior

Cooling None

Fireplaces Type None

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)

Laundry Common Area, Individual Room

Exterior

Garage Spaces 3.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Available, Sewer Connected, Water Available, Water Connected, Electricity Available, Electricity Connected

View Y/N Yes

View Hills, Peek-A-Boo

Building

Lot Description Landscaped, 0-1 Unit/Acre

Sewer Public Sewer

Others

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

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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