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MLS® ID: OC18255461

501 MONTEREY Lane

San Clemente, California, 92672

$2,650,000 Active
  • - SQFT
PRIME ONE OF A KIND LOCATION IN THE FAMOUS PIER BOWL AREA! RARE OPPORTUNITY FOR INVESTORS, FIVE UNITS INCLUDE ONE STUDIO, 3 ONE BEDROOMS & ONE 2 BEDROOM. LIVE IN ONE & LEASE OTHERS! ONLY STEPS TO WORLD CLASS BEACHES & SURFING, FAMOUS SC PIER, SHOPS, RESTAURANTS, TERRIFIC BEACH TRAIL & FABULOUS SC DOWNTOWN SHOPPING & DINING. BEAUTIFUL OCEAN VIEWS FROM MOST UNITS, ONE OFFERS A REAR YARD, THREE UNITS PROVIDE OCEAN VIEW DECKS. PROPERTY IS LOCATED WITHIN THE CITY APPROVED SHORT TERM VACATION RENTAL AREA, MEANING TREMENDOUS POTENTIAL FOR INCREASED SHORT TERM RENTAL INCOME. SEE ATTACHED ZONING MAP. PRIDE OF OWNERSHIP SHOWS, EXCELLENTLY MAINTAINED PROPERTY, UNITS ARE UPGRADED THRU-OUT & OFFER GRANITE COUNTERS IN SOME UNITS, NEWER CERAMIC TILE FLOORING, NEWER INTERIOR PAINT, REMODELED BATHS, CEILING FANS THRU-OUT. TWO BEDROOM UNIT HAS AN ADDITION FOR 2ND BEDROOM & HAS VERY SMALL CLOSET. UPPER LEVEL OFFERS PANORAMIC OCEAN VIEWS FROM LARGE COMMON AREA, GREAT OCEAN VIEWS FROM MOST UNITS. TWO 2 CAR ENCLOSED GARAGES ARE SHARED AS ONE CAR GARAGE PER UNIT, ONE GARAGE OFFERS COIN OPERATED LAUNDRY. 2 CAR PARKING DRIVEWAY PROVIDED FOR EACH GARAGE! BEAUTIFULLY MAINTAINED GROUNDS SURROUND PROPERTY, EACH UNIT OFFERS PRIVATE ENTRANCE. CURRENT RENTS ARE LOW, PRESENTLY ALL 5 UNITS FULLY LEASED ON MONTH-TO-MONTH LEASES. FULLY PAID FOR SOLAR IN PLACE FOR ENTIRE PROPERTY EQUALS APPROX $500. A YEAR FOR ELECTRIC BILL, ALL UTILITIES LOW.
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Listing courtesy of RE/MAX Select One

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    92672
  • Office name
    RE/MAX Select One
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    R4
  • Year built
    1953
  • Lot size
    4792.00
  • Sewer
    Public Sewer
  • Tax year
    0
  • Agent name
    Ken Dembowski
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    J02098
  • Agent ID
    SDEMBKEN

Location

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