107 Avenida Miramar, San Clemente, CA 92672
Commercial property · 2 recorded sales since 2021
Sold July 2021
Listing Agent: Janet Montandon (DRE #01397515) · Listing Office: First Team Real Estate · Contact: 949-498-9800 · Bought with: Casey Kirkland · Coldwell Banker Realty · MLS #OC21083307 · Source: CRMLS
About this commercial property
107 Avenida Miramar was moved from its original location in 2001. It is a classic 1920's Historic building that was once located where Denaults Hardware store is now. It sits on a double lot with 9 parking spaces and a 2-car garage (being used as an office). The building has two large office suites on the main level, both with their own 1/2 bath. Back and front entrances for each. The 2 apartments are located on the top floor. Each has 2 bedrooms and a full bathroom, living room and kitchen. Offices are 762 sq ft each and apartments are 795 sq ft eacg, 3,115 sq ft.Total (not counting garage, now being used as an office). Steps from N El Camino Real and 2 blocks west of Avenida Del Mar. 3 blocks for the ocean. Building qualifies as Historic Property but paperwork is not complete at this time, which will reduce property taxes. Projected annual income $ 129,000. Projected rent on 3 commercial units is $5,750/mo. Projected rent on 2 residential units is $5000/mo. Substantial room to increase current long term tenants. Short term rental possibilities, but buyer to confirm with city. Pro Forma accounting was used for Income Potential.
Listing description from the July 2021 sale, as reported to CRMLS.
Sale history
