241 Avenida Serra,San Clemente, CA 92672
San Clemente, CA 92672
Description
Exceptional fourplex investment opportunity in the heart of San Clemente! Located at 241 Avenida Serra, this fully occupied Spanish-style property features four spacious 2-bedroom, 2-bathroom units, each approximately 1,200 square feet. Each unit enjoys its own private balcony and TWO dedicated parking spaces, providing a total of EIGHT parking spaces-an incredible advantage in this desirable coastal community where beachside parking is at a premium! Showcasing classic Spanish architecture with a red tile roof, charming archways, and attractive landscaping, the property offers timeless coastal appeal. The generously sized units feature bright living spaces, functional kitchens, ample storage, and newer flooring. Additional improvements include upgraded electrical panels, while convenient on-site coin-operated laundry provides an additional income opportunity. All four units are currently rented, generating $12,400 per month or $148,800 annually in gross scheduled rental income. With estimated market rents of approximately $3,650 per unit, there is potential to increase gross rental income to $175,200 annually, representing $26,400 in potential annual upside, subject to applicable rental regulations. Ideally located near San Clemente's beautiful beaches, iconic pier, Avenida Del Mar shopping and dining, and scenic coastal trails, this property offers the coastal lifestyle tenants desire. With spacious floor plans, private outdoor spaces, valuable dedicated parking, existing income, and future rental upside, 241 Avenida Serra is a compelling opportunity to own a multifamily investment in one of Orange County's most sought-after beach communities!
Details
| MLS # | PW26221604 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1973 |
| Days On Site | 19 |
| Listing Provided By | Caliber Real Estate Group | Charisse Okamoto |
Features
| SQ Feet | 4,980 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.12 |
Interior
| Cooling | None |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans, Tile Counters |
| Window Features | Double Pane Windows |
| Fireplace Yes / No | No |
Exterior
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
|---|---|
| Construction Materials | Stucco |
| Foundation Details | Slab |
| Lot Features | Paved |
Parking
| Parking Features | Covered, Driveway |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | San Clemente |
| Zip Code | 92672 |
| Area | SC San Clemente Central |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $3,125,000 low | high Med: $815,000 sqft: 4,980 low | high Med: 1,185 $ / sqft: $628 low | high Med: $688 On site: 19 low | high Med: 128 | |
Market Activity 92672
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | San Clemente |
| Zip Code | 92672 |
| Area | SC San Clemente Central |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $3,125,000 low | high Med: $815,000 sqft: 4,980 low | high Med: 1,185 $ / sqft: $628 low | high Med: $688 On site: 19 low | high Med: 128 | |