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Listed by Rick Applebaum • Morgan Skenderian
$ 3,150,000
Est. payment /mo
Active
230 Avenida Montalvo San Clemente, CA 92672
4,926 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,926 sqft
Price per Sqft $639
MLS Listing ID PW-25170151
Year Built 1964
Lot Size 8,888 Sqft
Property Sub-Type Apartment
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 one of Southern California's premier beach communities.
Location
State CA
County Orange
Zoning R-3
Interior
Heating Forced Air
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Sloped Down
Sewer Public Sewer