$1,500,000
165 Avenida Serra San Clemente, CA 92672
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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
$1,500,000
Est. payment /mo
2 Beds
2,600 SqFt
UPDATED:
09/16/2024 11:22 PM
Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $576
MLS Listing ID 240018721
Bedrooms 2
Year Built 1957
Lot Size 4,000 Sqft
Acres 0.09
Lot Dimensions 40ft by 100ft
Property Description
Great opportunity for ocean close property in downtown SC under 2M which is rare. The attached appraisal for "as is" condition value is 2,024,000 & increases to approx. 2,300,000 upon completion. Construction is estimated from $175K to $225k. This is a rehab project for a cash buyer interested in a mixed use 3 unit w/ great potential. It is in close proximity to shops, entertainment around the corner at the Cabrillo Playhouse, & San Clemente Pier & is 2 streets North of the charming historical downtown of San Clemente: Del Mar street. Zoning is mixed use, consisting of 2 commercial units downstairs & a 3/2 residence on the top with water views. The front lot offers 3 off-street parking spots & a long driveway to the back opening up to 2 parking spots in front of a 2 car garage w/ an attached shed. Back staircase leads to the top floor w/ 2 entries: to the left: a large attached bonus w/ laundry room, & a main entry on the right goes into the living/dining room. This building is ready to build the downstairs to suit for a tenant. The major upgrades are done to the foundation, & new plumbing, new electrical, & new gas. Upstairs bathroom is ready for tile & fixtures w/ plumbing and drywall completed. You're ready to go w/ permits to complete the 3/2. Bonus room is not included in appraised value, due to not being permitted but can be grandfathered in w/ minimal work done adding more value. Many of options to make this your own property or rent out part or all of it. The income will be substantial to the investment as location is in the best part of San Clemente.
Location
State CA
County Orange
Area Oc - San Clemente (92672)
Zoning N - 3
Interior
Heating Wall
Cooling None
Flooring Slab
Exterior
Garage On Site, Street
Roof Type Rock/Gravel
Building
Story 2
Lot Size Range .25 Acres or less
Others
Acceptable Financing Cash, Other/Remarks
Space Rent $10,000
Listing Terms Cash, Other/Remarks
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Listed by Stefani Pito • HomeSmart Realty West
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "