$2,335,000
$2,395,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
4 Baths
0.28 Acres Lot
SOLD DATE : 02/19/2025
Key Details
Sold Price $2,335,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25005200
Sold Date 02/19/25
Bedrooms 3
HOA Y/N No
Lot Size 0.280 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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.
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.
Location
State CA
County Orange
Area Oc - San Clemente (92672)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $3
Acceptable Financing Cash, Exchange
Space Rent $1,200
Listing Terms Cash, Exchange
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Bought with Gary Tolfa • Triqor Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "