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    112 Ave Del Poniente

    San Clemente, CA 92672
    • $689,500
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: OC21123292
    UPDATED: 57 min ago
    $689,500
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    West Side of Coast Highway/Historic El Camino Real in an OPPORTUNIT ZONE AREA- ( hold for 10 years and sell with no Federal Capital Gains on profit)- 4 blocks to the beach- ocean view from roof decks - design is ready to be submitted for construction drawings approval- One set is for a duplex -2- 3 bd-2/2.5 baths and an ADU and ( market rental when completed $9300 a month $111,600 annual -$25,000 expenses NNN=$86,600 ann/ or sell as condos approx 3500 sq ft x $700 a ft = $2,400,000-$2,500,000 range depending on finishes ( $1,200,000-$1,250,000) both have sep 2 car garages ( easement over back alley access and drainage - to be drafted when buyer approved)Level lot with simple grade to rear and only utility on back 5 ft of property ( sewer/water)- utilities to property.New North Beach redevelopment going on with Miramar theater ready 2022 and new 40+ boutique hotel plus restuarant/ coffe pub and wedding venue at Pico/ El Camino Real + plus other commercial/mixed use in planning and other condo projects selling in $85-$900 + a ft within 3-5 blocks of this site. Great value to enter into prime area in upswing as low end homes in area/next to project- $1,100,000 + 1300 sq ft on 4,000 sq ft lot- and units selling at 3.5% gross and 40 years old and no real views or amenities. ( Click on Map to the right as it will direct you to correct Map Location ( site is pending)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T00:28:49.13. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/118191606
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    112 Ave Del Poniente San Clemente, CA 92672

    • Price: $689,500
    • Status: Active
    • Updated: 57 min ago
    • ID#: OC21123292
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    Neighborhood:
    SN - San Clemente North
    County:
    Orange
    Area:
    SN - San Clemente North
    Property Description
    West Side of Coast Highway/Historic El Camino Real in an OPPORTUNIT ZONE AREA- ( hold for 10 years and sell with no Federal Capital Gains on profit)- 4 blocks to the beach- ocean view from roof decks - design is ready to be submitted for construction drawings approval- One set is for a duplex -2- 3 bd-2/2.5 baths and an ADU and ( market rental when completed $9300 a month $111,600 annual -$25,000 expenses NNN=$86,600 ann/ or sell as condos approx 3500 sq ft x $700 a ft = $2,400,000-$2,500,000 range depending on finishes ( $1,200,000-$1,250,000) both have sep 2 car garages ( easement over back alley access and drainage - to be drafted when buyer approved)Level lot with simple grade to rear and only utility on back 5 ft of property ( sewer/water)- utilities to property.New North Beach redevelopment going on with Miramar theater ready 2022 and new 40+ boutique hotel plus restuarant/ coffe pub and wedding venue at Pico/ El Camino Real + plus other commercial/mixed use in planning and other condo projects selling in $85-$900 + a ft within 3-5 blocks of this site. Great value to enter into prime area in upswing as low end homes in area/next to project- $1,100,000 + 1300 sq ft on 4,000 sq ft lot- and units selling at 3.5% gross and 40 years old and no real views or amenities. ( Click on Map to the right as it will direct you to correct Map Location ( site is pending)
    Exterior Features

    Lot Features Street LevelValue In Land Sign On Property YN No View NeighborhoodOceanWater View YN Yes Waterfront Features Ocean Side Of FreewayOcean Side Of Highway

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsStreet LightsSidewalksWater Sports Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 ExchangeOwner May Carry New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning R-M

    Listing provided courtesy of Thomas Odonnell of Homesmart, Evergreen Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T00:28:49.13. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
     
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