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$ 3,125,000
Est. payment | /mo
4 Beds
4 Baths
5,227 Sqft Lot
$ 3,125,000
Est. payment | /mo
4 Beds
4 Baths
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26221604
Bedrooms 4
Lot Size 5,227 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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 spacesan 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 in
Location
State CA
County Orange
Zoning Assessor
Direction Avenida Palizada/Avenida Serra
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 05812308
Listed by Charisse Okamoto, DRE#01865682 Caliber Real Estate Group
Co-listed byCarrie English • Caliber Real Estate
Co-listed byCarrie English • Caliber Real Estate
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