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Listed by Rick Applebaum • Morgan Skenderian
$ 3,150,000
Est. payment | /mo
8,888 Sqft Lot
$ 3,150,000
Est. payment | /mo
8,888 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25170151
Year Built 1964
Lot Size 8,888 Sqft
Source California Regional MLS
Property Description
230 Avenida Montalvo is a rare investment opportunity in San Clemente's highly sought-after "Loop" neighborhood. This blufftop 6-unit multifamily property offers breathtaking, unobstructed ocean views from every unit. Built in 1964 and family-owned for over 40 years, this extremely well-maintained asset presents a unique blend of pride of ownership and incredible upside potential, with approximately 45% in rental upside. Each of the six spacious units features two bedrooms and two bathrooms, private balconies or patios, and stunning ocean views that enhance everyday living. Residents enjoy carport and driveway parking, while recent capital improvements-including new roofs, electrical systems, plumbing, dual-pane windows & sliders, reconstructed balconies, wood siding and insulation - ensure long-term stability and minimal maintenance needs. Situated in a designated Short-Term Rental Zone, this property is ideal for investors looking to capitalize on both long-term and vacation rental demand. Just a short walk to San Clemente State Beach, Califia Park, and the scenic Bluff Trail, it offers an unbeatable coastal lifestyle that attracts consistent tenant interest. Don't miss this exceptional opportunity to own a turnkey coastal asset with significant income growth potential in
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Heating Forced Air
Laundry 30, 9
Exterior
Garage Spaces 6.0
Pool None
Building
Lot Description Grade - Sloped Down
Water District - Public
Others
Tax ID 06013115
Special Listing Condition Not Applicable
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037