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244 246 W Avenida Palizada San Clemente, CA 92672
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Key Details
Sold Price $2,335,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW25005200
Sold Date 02/19/25
Originating Board California Regional MLS
Year Built 1960
Lot Size 0.280 Acres
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.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Washer/Dryer - Leased, Community Facility
Exterior
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 69205104
Special Listing Condition Not Applicable
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Bought with Gary Tolfa