244 246 W Avenida Palizada

San Clemente, CA 92672

$2,395,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1960

calendar_month Built

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.

Listing Information

List Price $2,395,000
Status Active
MLS PW25005200
Type Residential Income
Subtype Apartment
Year Built 1960
Lot Size 12,196
Structure Size N/A
Courtesy Of Morgan Skenderian
Listing Agent Rick Applebaum DRE#01273871
Co-Listing Agent Paul Espinosa DRE#01942627

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Rick Applebaum, Paul Espinosa, Morgan Skenderian . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 9th, 2025 at 12:40 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.