165 Avenida Serra, San Clemente, CA 92672

• Listed Price : $1,500,000
• Beds : N/A
  
• Baths :
  
• Property Size : N/A sqft
  
• Year Built : 1957
  

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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.

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Interior Features

Listing Information

Listing information courtesy of: Stefani Pito, HomeSmart Realty West. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 16th, 2024 at 11:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.