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$5,500,000
53 Days On Site

135 Avenida Sierra
San Clemente, CA 92672

For Sale|Land|Active
Subdivision:
Other
County:
Orange
Listed by Jennifer Halbert of Berkshire Hathaway HomeServices California Properties jenniferhalbert@bhhscal.com

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135 Avenida Sierra135 Avenida Sierra135 Avenida Sierra135 Avenida Sierra
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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 18,000 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. Buyer and buyer's agent are responsible for verifying all information for ultimate use. Conceptual renderings provided by well-known local architect David M. Parker.

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Listing Snapshot
Price 
$5,500,000
Days On Site 
53 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4161 Acres
Year Built 
N/A
MLS® Number 
LG25014194
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.4161
Additional Property Use 
InvestmentMulti-Family
Sewer 
Public Sewer
Special Circumstances 
Standard
Utilities 
Electricity AvailableElectricity ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected
Water Source 
Public
Zoning 
Land/Resi
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Exterior Features
Lot Features 
Landscaped
View 
HillsNeighborhood
Waterview 
HillsNeighborhood
Community Features
Community Features 
Sidewalks
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
SN – San Clemente North
Roads 
Paved


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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DISCLAIMER: Lux Team is a very competitive environment. All applicants are thoroughly screened and not all are accepted. Each applicant must apply, interview, and be selected to join the Lux Team. If accepted, you become part of the Lux Team family! No experience required. Only prerequisite to apply is: Must be a good person.

Become a
Lux Team Agent

DISCLAIMER: Lux Team is a very competitive environment. All applicants are thoroughly screened and not all are accepted. Each applicant must apply, interview, and be selected to join the Lux Team. If accepted, you become part of the Lux Team family! No experience required. Only prerequisite to apply is: Must be a good person.
DISCLAIMER: Lux Team is a very competitive environment. All applicants are thoroughly screened and not all are accepted. Each applicant must apply, interview, and be selected to join the Lux Team. If accepted, you become part of the Lux Team family! No experience required. Only prerequisite to apply is: Must be a good person.