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Listed by Jennifer Halbert • Berkshire Hathaway HomeServices California Properties
$5,500,000
Est. payment /mo
7 BD
5 BA
3,678 SqFt
Active
139 Avenida Sierra San Clemente, CA 92672
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UPDATED:
02/05/2025 11:37 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,678 sqft
Price per Sqft $1,495
MLS Listing ID CRLG25011087
Bedrooms 7
Full Baths 5
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1948
Lot Size 0.416 Acres
Property Description
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 o
Location
State CA
County Orange
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Laundry Room, Other
Exterior
Garage Spaces 3.0
Pool None
View Hills, Other
Private Pool false
Building
Lot Description Other, Landscape Misc
Story 2
Water Public
Schools
School District Capistrano Unified
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