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.
Sold for $2,335,000 on 02/19/25
Listing Provided by:
Rick Applebaum DRE #01273871 rma@morganskenderian.com,
Morgan Skenderian,
Paul Espinosa DRE #01942627,
Morgan Skenderian
Bought with: Triqor Group
$2,335,000
244-246 W Avenida Palizada, San Clemente, CA 92672
6beds
6baths
3,249sqft
Multi Family
Built in 1960
-- sqft lot
$2,389,700 Zestimate®
$719/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 20, 2025 at 04:43pm
Listing Provided by:
Rick Applebaum DRE #01273871 rma@morganskenderian.com,
Morgan Skenderian,
Paul Espinosa DRE #01942627,
Morgan Skenderian
Bought with:
Gary Tolfa, DRE #00955403
Triqor Group
Source: CRMLS,MLS#: PW25005200
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,249
- Total interior livable area: 3,249 sqft
Property
Parking
- Total spaces: 7
- Uncovered spaces: 7
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 0.28 Acres
Details
- Parcel number: 69205104
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Storm Drain(s), Sidewalks
Location
- Region: San Clemente
HOA & financial
Other financial information
- Total actual rent: 12475
Other
Other facts
- Listing terms: Cash,1031 Exchange
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Estimated market value
$2,389,700