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$ 2,395,000
Est. payment /mo
New
244 246 W Avenida Palizada San Clemente, CA 92672
0.28 Acres Lot
UPDATED:
01/08/2025 11:44 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25005200
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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Listed by Rick Applebaum • Morgan Skenderian