REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 4,050,000

Est. payment | -/mo

9,147 Sqft Lot

Save Virtual Tour

$ 4,050,000

Est. payment | -/mo

Save Virtual Tour

9,147 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260017077SD

HOA Y/N No

Lot Size 9,147 Sqft

Property Sub-Type Mixed Use

Property Description

Major Price Improvement. Available is an amazing opportunity to own a garden style apartment complex located in the beautiful coastal city of San Clemente, California. 317 Avenida Monterey is situated less than 1/2 mile to the Pacific ocean and the San Clemente Pier. Long term ownership has done a wonderful job maintaining the property inside and out during their long tenure which includes recent updates to 6 of the 7 units. A new buyer should be able to capture significant upside with further upgrades and improving the curb appeal. Nearby renovated units are achieving market rents that are roughly 40% higher than the subject property. 2 units currently occupied by the sellers will be available and delivered vacant at the close of escrow. In addition, a new owner might consider transforming some of the units into short-term rentals where average nightly rates for 2BR units are around $450. Tenants enjoy 2 parking spaces per unit, a laundry room, a large courtyard, and a balcony with peak ocean views. 317 Avenida Monterey is situated in the “Pier Bowl Area” which is an active, pedestrian oriented coastal center serving residents and tourists. The property has a walk Score of 84/100 (Very Walkable). Tenants enjoy the central location offering several restaurants, bars, markets as well as several public transportation lines. A short 8 Minute Walk in either direction to the San Clemente Pier as well as the shops, bars & restaurants along Avenida Del Mar which is considered the main Retail Corridor in San Clemente.....

Location

State CA

County Orange

Interior

Fireplace No

Exterior

Carport Spaces 7

Total Parking Spaces 14

Others

Tax ID 69204307

Virtual Tour https://www.propertypanorama.com/instaview/snd/260017077

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Thomas McCartin Marcus & Millichap #01427348

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

GET MORE INFORMATION

California Real Estate

Welcome to RiseRealtyCA.com, your one-stop source for California real estate.

Use our state-of-the-art property search, including an interactive map search, to find homes for sale in California. These listings are updated daily from the MLS.

Or, use our Community Guide to help you in your search for California real estate listings. Our community searches will keep you up to date with the latest properties in the areas you are interested in.

And, for your convenience, be sure to register for a free account to receive email notifications whenever new homes for sale come on the market that match your specific criteria, and save your favorite properties for quick and easy access whenever you need — it's fast, easy, automatic and FREE! With a Property Tracker account, you'll be among the first to know about the newest homes for sale in California.

Thanks for visiting RiseRealtyCA.com, home of exquisite properties and excellent service.

317 Avenida Monterey San Clemente, CA 92672