501 MONTEREY Lane, San Clemente, CA 92672

$2,475,000
2,902
SqFt
List Price
$2,475,000
Price Change
▼ $175,000 1557452718
Status
ACTIVE
MLS#
OC18255461
Year Built
1953
Living Sq. Ft
2,902
Lot Size
4,792
Acres
0.11
Lot Location
Corner Lot
Days on Market
306
Property Type
Multifamily
Stories
Two Level
Neighborhood
Other (Othr)

Property Description

INVESTORS & BEACH LIFE LOVERS: CITY APPROVED SHORT TERM VACATION RENTAL AREA! TREMENDOUS POTENTIAL FOR INCREASED SHORT TERM RENTAL INCOME! THIS LIES WITHIN A VERY LIMITED AREA THAT IS CITY APPROVED FOR VACATION RENTALS, SEE ATTACHED ZONING MAP.CONDO CONVERSION POSSIBLE W/CITY APPROVAL. FIVE UNITS INCLUDE 1 STUDIO, 3 ONE BEDROOMS & ONE 2 BEDROOM. LIVE IN ONE & LEASE OTHERS! HARD TO FIND 2 CAR PARKING DRIVEWAY PROVIDED FOR EACH GARAGE! PRIME ONE OF A KIND LOCATION IN THE FAMOUS PIER BOWL AREA, STEPS TO WORLD CLASS BEACHES & SURFING, FAMOUS SC PIER, SHOPS, RESTAURANTS, FAMOUS BEACH TRAIL, FABULOUS DOWNTOWN SHOPPING & DINING. BEAUTIFUL OCEAN VIEWS FROM MOST UNITS, ONE OFFERS A REAR YARD, THREE UNITS PROVIDE OCEAN VIEW DECKS. PRIDE OF OWNERSHIP SHOWS! EXCELLENTLY MAINTAINED PROPERTY, UNITS ARE UPGRADED THRU-OUT, AMENITIES: SOME W/GRANITE COUNTERS*NEWER CERAMIC TILE FLOORING & INTERIOR PAINT*REMODELED BATHS*CEILING FANS THRU-OUT. 2 BEDROOM UNIT INCLUDES ADDITION FOR THE 2ND BEDROOM. UPPER LEVEL HAS 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 HAS COIN OPERATED LAUNDRY. BEAUTIFULLY MAINTAINED GROUNDS SURROUND PROPERTY, EACH UNIT OFFERS PRIVATE ENTRANCE. CURRENT RENTS ARE LOW, PRESENTLY ALL 5 UNITS FULLY LEASED MONTH-TO-MONTH. PAID FOR SOLAR IN PLACE FOR ENTIRE PROPERTY, THAT EQUALS APPROX $500 A YEAR TOTAL FOR ELECTRIC BILL, ALL UTILITIES ARE LOW! CALL NOW FOR MORE INFO!

Additional Information

Tract Number
785
Lot Description
Curbs, Street Lights
Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
5

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Ken Dembowski from RE/MAX Select One

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.