0.42 Acres Lot
0.42 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26154605
HOA Y/N No
Year Built 1948
Lot Size 0.416 Acres
Property Sub-Type Quadruplex
Property Description
Located on the ocean side of the I-5 freeway, this property is situated within an established residential neighborhood just minutes from world-class beaches, parks, downtown San Clemente, Metrolink access, and a variety of local dining and shopping options.
The property currently features five units across approximately 18,000 square feet of land, providing immediate income and future flexibility. Four units are currently leased, while the fifth unit, an additional ADU opportunity can be completed and upgraded with proper permitting to create additional rental income. The property currently generates over $10,700 per month in gross rental income, with the potential to add approximately $1,500 per month in additional income from the ADU.
The upper unit offers stunning ocean views, while the property also includes three ,1 car garages, shared laundry facilities, and abundant parking.
This versatile multi-parcel, multi-unit property offers a variety of possibilities: live in the upper unit while renting the remaining units, create a family compound, add an additional structure in the expansive parking area (subject to city approval), or explore future development opportunities. There may also be potential to subdivide and build three separate single-family residences, subject to city approval.
An exceptional opportunity to own a flexible coastal asset with current cash flow, strong rental demand, and significant future potential in one of San Clemente's most desirable locations.
Location
State CA
County Orange
Area Sn - San Clemente North
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N Yes
View Hills, Neighborhood, Peek-A-Boo
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 05703108
Energy Description 1.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Lease Land No
NEARBY SCHOOL & BUSINESS