Sold for $2,335,000

Listed by: Morgan Skenderian • Rick Applebaum • Contact: 949-251-8800

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

$2,378,800 Zestimate^®

$719/sqft

$4,093 Estimated rent

Home value

$2,378,800

$2.19M - $2.59M

$4,093/mo

Zestimate^® history

Owner options

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$4,093/mo

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$4,093/mo

Rent Zestimate^®

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$14,869/mo

Est. payment

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$14,869/mo

Est. payment

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What's special

Stunning canyon viewsBlocks from the beachCasa romanticaScenic linda lane parkPrime locationOn-site laundryParking for each unit

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.

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 & HOA

Community

Features: Curbs, Gutter(s), Storm Drain(s), Sidewalks

Location

Region: San Clemente

Financial & listing details

Price per square foot: $719/sqft
Annual tax amount: $24,224
Date on market: 1/8/2025
Cumulative days on market: 9 days
Listing terms: Cash,1031 Exchange
Total actual rent: 12475

Price history

Date	Event	Price
2/19/2025	Sold	$2,335,000-2.5%$719/sqft
Source: CRMLS #PW25005200 Report a problem
2/13/2025	Pending sale	$2,395,000$737/sqft
Source: CRMLS #PW25005200 Report a problem
1/17/2025	Contingent	$2,395,000$737/sqft
Source: CRMLS #PW25005200 Report a problem
1/9/2025	Listed for sale	$2,395,000$737/sqft
Source: CRMLS #PW25005200 Report a problem