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$2,395,000
Est. payment /mo
3,249 SqFt
UPDATED:
01/18/2025 02:04 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 3,249 sqft
Price per Sqft $737
MLS Listing ID CRPW25005200
HOA Y/N No
Year Built 1960
Lot Size 0.280 Acres
Acres 0.28
Property Description
Pleased to present 244 West Avenida Palizada, situated in a prime location just 1.5 blocks from the beach, scenic Linda Lane Park, and Casa Romantica. Built in 1960, the subject is comprised of five units plus one non-conforming unit. Essentially, all units are single-story and offer stunning canyon views, patios, and balconies, on-site laundry, and parking for each unit. Additionally, renters are attracted to this location for its easy access to the vibrant downtown scene, just 2 blocks away on Avenida Del Mar. With an added value opportunity of approximately ±20% in rental upside, and a spacious ±12,196 SF lot allowing for potential redevelopment, this property presents a compelling proposition for astute investors seeking a prime residential income opportunity. *Studio is non-conforming.
Location
State CA
County Orange
Interior
Fireplace No
Laundry Community Facility
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 69205104
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Listed by Rick Applebaum • Morgan Skenderian