244 W Avenida Palizada
San Clemente, CA 92672
0.28 acres | #PW25005200
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.
Property Details
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$2,395,000
- MLS #PW25005200
- MLS #PW25005200
- Property SubtypeApartment
- Taxes Annual$24,224
- Cost2395000
- Utility SourcePublic
- CountyOrange
- Acres0.28
- Year Built1960
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Rick Applebaum (#PAPPLRIC)
Listing Office: Morgan Skenderian (#PB8846)
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