501 Monterey Lane, San Clemente

$2,650,000

0 Beds
0 Baths
2,902 Sqft
.11 Acres
4 Garages

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.

Essential Information
MLS® #OC18255461
Price$2,650,000
Bathrooms0.00
Square Footage2,902
Acres0.11
Year Built1953
TypeResidential Income
StatusActive
Community Information
Address501 Monterey Lane
AreaSan Clemente Central (SC)
SubdivisionOther (OTHR)
CitySan Clemente
CountyOrange
StateCA
Zip Code92672
Amenities
Parking Spaces4
# of Garages4
Interior
# of Stories2
StoriesTwo
Exterior
Lot DescriptionCorner Lot
Additional Information
Date ListedOctober 23rd, 2018
Days on Market180
ZoningR4
Listing Details
AgentKen Dembowski(01061678)
OfficeRE/MAX Select One
Property History
Price Reduced from $2,850,000 to $2,650,000

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Based on information from California Regional Multiple Listing Service, Inc. as of April 22nd, 2019 at 11:42am 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.

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