135 Avenida Sierra
San Clemente, CA 92672
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- – on site
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 17,947 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 of the financial markets. Considering the premium location and the idea that the demand for Southern California real estate is unlikely to abate, the time to act is now. With the potential for appreciation and a current income stream, this versatile property could be a chance to build a legacy spanning multiple generations.
Listed By CRMLS_CA / Jennifer Halbert / Berkshire Hathaway HomeServices California Properties / 949-899-2113
Last checked:
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Last updated Jan 22, 2025
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MLS# LG25014194 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:Cross Streets: Estrella & La Placentia
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Latitude:33.43421500
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Longitude:-117.62024700
The Property
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Property Type:Land
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Zoning:Land/Resi
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Lot Features:0-1 Unit/Acre, Landscaped
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Lot Size Area:17947.0000
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Lot Size Acres:0.4120
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Lot Size SqFt:17947.00
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Lot Size Source:Assessor
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View:1
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View:Hills, Neighborhood, Peek-A-Boo
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Current Use:Investment, Multi-Family
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Possible Use:Improved, Investment, Residential
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Road Surface Type:Paved
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Additional Parcels:Yes
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Additional Parcels Description:057-031-08, 057-031-10
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:421.07
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Tax Tract:853
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Tax Lot:4
The Listing
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Special Listing Conditions:Standard
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Parcel Number:05703110
Utilities
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Utilities:Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:Other
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Neighborhood:Not Defined
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Features:Sidewalks
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Inclusions:5 total units, 4 income-producing units, (3 separate parcels being sold together) 135 Avenida Sierra (APN 057-031-10). 137 Avenida Sierra (APN 057-031-09). 139 Avenida Sierra (APN 057-031-08)
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Association:No
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Waterfront Features:Ocean Side of Freeway, Ocean Side Of Highway 1
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Senior Community:No
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Assessments:None
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Distance To Sewer Comments:Available
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Distance To Water Comments:Available
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Distance To Electric Comments:Available
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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1/20/25
Jan 20, 2025
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Listed / Active | CRMLS_CA | $5,500,000 |