241 Avenida Serra, San Clemente, CA 92672
241 Avenida Serra, San Clemente, CA 92672
241 Avenida Serra, San Clemente, CA 92672
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$3,125,000
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5,227 Sqft Lot
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241 Avenida Serra San Clemente, CA 92672

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Mark Witte

Mark Witte

+1(949) 269-7270

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26221604

HOA Y/N No

Year Built 1973

Lot Size 5,227 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional fourplex investment opportunity in the heart of San Clemente! Located at 241 Avenida Serra, this fully occupied Spanish-style property features four spacious 2-bedroom, 2-bathroom units, each approximately 1,200 square feet. Each unit enjoys its own private balcony and TWO dedicated parking spaces, providing a total of EIGHT parking spaces—an incredible advantage in this desirable coastal community where beachside parking is at a premium! Showcasing classic Spanish architecture with a red tile roof, charming archways, and attractive landscaping, the property offers timeless coastal appeal. The generously sized units feature bright living spaces, functional kitchens, ample storage, and newer flooring. Additional improvements include upgraded electrical panels, while convenient on-site coin-operated laundry provides an additional income opportunity. All four units are currently rented, generating $12,400 per month or $148,800 annually in gross scheduled rental income. With estimated market rents of approximately $3,650 per unit, there is potential to increase gross rental income to $175,200 annually, representing $26,400 in potential annual upside, subject to applicable rental regulations. Ideally located near San Clemente's beautiful beaches, iconic pier, Avenida Del Mar shopping and dining, and scenic coastal trails, this property offers the coastal lifestyle tenants desire. With spacious floor plans, private outdoor spaces, valuable dedicated parking, existing income, and future rental upside, 241 Avenida Serra is a compelling opportunity to own a multifamily investment in one of Orange County's most sought-after beach communities!

Location

State CA

County Orange

Area Sc - San Clemente Central

Interior

Interior Features Ceiling Fan(s), Tile Counters

Heating Central

Cooling None

Flooring Carpet, Vinyl

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Covered, Driveway

Carport Spaces 4

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Paved

Story 3

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 05812308

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Charisse Okamoto Caliber Real Estate Group 714-602-6065, DRE #01865682
NEARBY SCHOOL & BUSINESS
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Mark Witte

Mark Witte

Agent CA 02102425

+1(949) 269-7270

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241 Avenida Serra