$2,475,000 - 501 Monterey Lane, San Clemente

  • 0Beds
  • Baths
  • 2,902SQ. Feet
  • 0.11Acres

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!

Sales Agent

Sam SmithBeach Cities Luxury HomesPhone: 949-606-4114Cell: 949-606-4114Contact Agent Now

Essential Information

  • MLS® #:OC18255461
  • Price:$2,475,000
  • Bathrooms:0.00
  • Square Footage:2,902
  • Acres:0.11
  • Year Built:1953
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:501 Monterey Lane
  • Area:San Clemente Central (SC)
  • Subdivision:Other (OTHR)
  • City:San Clemente
  • County:Orange
  • State:CA
  • Zip Code:92672

Amenities

  • Parking Spaces:4
  • # of Garages:4

Interior

  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:Corner Lot

Additional Information

  • Date Listed:October 23rd, 2018
  • Days on Market:303
  • Zoning:R4

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Other (othr)

  • City:
    San Clemente
  • Price Range:
    $1,000,000 - $3,225,000
  • Current Listings:
    17
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $587

  • City:
    San Clemente
  • Price Range:
    $2,750,000 - $13,000,000
  • Current Listings:
    3
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $882
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Provided By: Ken Dembowski(01061678), RE/MAX Select One.

Based on information from California Regional Multiple Listing Service, Inc. as of August 23rd, 2019 at 7:40pm CDT. 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.