139 Avenida Sierra, San Clemente, CA 92672
-
Listed Price :
$5,500,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1948
Property 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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Laundry Room |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
139 Avenida Sierra |
| City |
San Clemente |
| State |
CA |
| Zip |
92672 |
| County |
Orange |
| Listing Agent |
Jennifer Halbert DRE #01992762 |
| Co-Listing Agent |
Penny Johnson DRE #02033499 |
| Courtesy Of |
Berkshire Hathaway HomeServices California Properties |
| List Price |
$5,500,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
17,947 |
| Year Built |
1948 |
Listing information courtesy of: Jennifer Halbert, Penny Johnson, Berkshire Hathaway HomeServices California Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 22nd, 2025 at 3:57 PM 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.
