San Clemente, CA 92672,244 W Avenida Palizada
San Clemente, CA 92672,244 W Avenida Palizada
San Clemente, CA 92672,244 W Avenida Palizada
San Clemente, CA 92672,244 W Avenida Palizada
San Clemente, CA 92672,244 W Avenida Palizada
San Clemente, CA 92672,244 W Avenida Palizada
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$2,335,000

$2,395,000

2.5%
Est.Price: ?

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Est. payment /mo

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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San Diego Regional MLS (SDMLS)
Listed by Rick Applebaum • Morgan Skenderian
Bought with Gary Tolfa • Triqor Group
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