135 Avenida Sierra

San Clemente, CA 92672

  • 0 Sqft
  • 17947
    Sqft(Lot)
$5,500,000

Description

135/137/139 avenida sierra | located on the ocean side of the 5 freeway in an established san clemente neighborhood, this multi-unit income property could be the opportunity of a lifetime. set on three separate parcels in close proximity to local beaches, parks, the metrolink and many shopping/dining options, the property includes approximately 17,947 square feet and five units. an ocean view is available from the upper unit and the potential exists to build a new structure up from the spacious parking lot to capitalize on panoramic views of the ocean, city lights and hillsides. currently, the property grosses over $10,200/month; 4 of the units are rented and records are available from the owner. an additional adu could be upfitted to receive a permit and potentially bring another income stream totaling around $1,500/month. a 3-car garage and shared laundry add to the current investment value and versatility. with the potential to subdivide and build three single family homes, the property could deliver a substantial return on investment. the options are endless: live in the upper unit and enjoy the ocean breeze while renting the others, create a family compound, realize a 1031 exchange to avoid capital gains or purchase solely as an investment and avoid the stress/fluctuations of the financial markets. considering the premium location and the idea that the demand for southern california real estate is unlikely to abate, the time to act is now. with the potential for appreciation and a current income stream, this versatile property could be a chance to build a legacy spanning multiple generations.

  • Property Type

    Land

  • County

    Orange

  • Style

    Land

  • AD ID

    48383452

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BuyOwner last updated this listing 01/31/2025 @ 05:50

  • MLS: LG25014194
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 17,947 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of San Clemente , in zip code 92672, this Orange County Land , it is in the Cotton Hills (COTH) Subdivision, are nearby neighborhoods.