244 246 W Avenida Palizada, San Clemente, CA 92672
- $2,335,000
- Sold Price
- $2,335,000
- List Price
- $2,395,000
- Closing Date
- Feb 19, 2025
- Status
- CLOSED
- MLS#
- PW25005200
- Year Built
- 1960
- Lot Size
- 12,196
- Acres
- 0.28
- Days on Market
- 8
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
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.
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Additional Information
- Taxes
- $24,224
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $150,756
- Operating Expense
- 49612
Listing courtesy of Listing Agent: Rick Applebaum (rma@morganskenderian.com) from Listing Office: Morgan Skenderian.
Listing sold by Gary Tolfa from Triqor Group
Mortgage Calculator
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