244 246 W Avenida Palizada, San Clemente, CA 92672

About this property

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.

Listing description from the February 2025 sale, as reported to CRMLS.

Sale history

$2,335,000

Sold February 2025 · listed $2,395,000, on market January 2025 · MLS #PW25005200 · Source: CRMLS

Listing Agent: Rick Applebaum · Listing Office: Morgan Skenderian · Contact: rma@morganskenderian.com · Bought with: Gary Tolfa · Triqor Group

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