256 Avenida Monterey, San Clemente

$2,490,000

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3 Beds
2 Baths
.18 Acre
2 Garages

EXCEPTIONAL INVESTMENT OPPORTUNITY: "AS-IS" ZONE R-3 PROPERTY NEAR BEACH AND DOWNTOWN WITH DEVELOPMENT POTENTIAL. Size this rare chance to invest in a prime location! This "as-is" duplex offers unparalleled potential, situated within walking distance to both the beach and vibrant downtown. Here is why this property is a standout opportunity: Just a leisurely stroll away from beautiful San Clemente Pier and T-street and walking distance from Del Mar. Duplex configuration with existing rental income potential. Ideal for immediate rental or redevelopment. SOLD AS-IS This property is being offered in its current condition, presenting a unique opportunity for visionary investors. RAZE AND REBUILD: Capitalize on the potential to demolish the current structure and construct up to three new units, (check with city)maximizing the property's value and rental income. Take advantage of favorable zoning laws that support multi-unit development, ensuring a lucrative return on investment. Ideal for developers looking to create high-value, modern housing in a coveted neighborhood. The combination on beachside allure and downtown amenities guarantees steady market appreciation. Transform this "as-is" duplex into a modern multi-unit complex, reaping the benefits of its exceptional location and high development potential. DON'T MISS OUT ON THIS UNIQUE INVESTMENT OPPORTUNITY.

Essential Information

MLS® #
PW24100451
Price
$2,490,000
Bedrooms
3
Bathrooms
2.00
Acres
0.18
Year Built
1951
Type
Residential Income
Sub-Type
Duplex
Style
Bungalow
Status
Active

Community Information

Address
256 Avenida Monterey
Area
SW - San Clemente Southwest
Subdivision
other
City
San Clemente
County
Orange
Zip Code
92672

Amenities

Utilities
Electricity Connected
Parking Spaces
2
Parking
Door-Multi, Driveway, Garage
# of Garages
2
Garages
Door-Multi, Driveway, Garage
View
None
Pool
None

Interior

Interior
Laminate, Stone
Heating
Central
Cooling
None
Fireplace
Yes
# of Stories
1
Stories
One

Interior Features

Ceiling Fan(s), Solid Surface Counters, All Bedrooms Down

Appliances

Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Tankless Water Heater

Fireplaces

Bath, Kitchen, Living Room, None, Outside

Exterior

Exterior
Drywall, Stucco
Exterior Features
Lighting
Roof
Shingle
Construction
Drywall, Stucco

Lot Description

Corner Lot, Sprinklers In Front, Lawn, Landscaped, Street Level

Additional Information

Date Listed
May 16th, 2024
Days on Market
45

Listing Details

Agent
Rita Gonchar
Office
T.N.G. Real Estate Consultants

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of July 6th, 2024 at 4:10am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.