101 W El Portal

    San Clemente, CA 92672
    • $3,880,000
    • STATUS: Active
    • ON SITE: 155 days
    • ID#: OC18163300
    UPDATED: 62 min ago
    $3,880,000
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,800
      SQFT
    • $669
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Prime location on west side of El Camino Real/Coast Highway OCEAN VIEW 2nd floor roof deck prop in North Beach area of San Clemente near all the new re development with over 300 new $2-$4million $ homes plus new retail/restaurant projects. This site has plenty of parking with 2nd story views that can be expanded ( ideal for roof deck for custom restaurant location to enjoy Sunsets/and marina outline views plus lights of Hills ( conceptual plan available to view)- IDEAL site for a mixed use project ( ck with City on process)- ask for alley abandonment parking 42+ spaces and room to expand for more income potential with large area for outside patios- easy ingress/egress and the ability to add 2-4 more lots(16,000 sq approx -$1,00,000) to expand this site to over 18-20,000 sq ft of ocean view retail/office/motel/hotel /commercial use or explore with the city as zone is NC-1.2 with great public transportation access nearby and surrounded by homes $700,000-$5 million and quality school just down the street that attracts pupils from Irvine for its specialized courses.Income is solid $17,000 month- with Neighborhood grocery store 4 offices (2-5 yrs use) with ocean view decks, water vending machine $$$ income along with 2 permitted storage units plus $1000 monthly income from parking spaces. UPSIDE -Motel useGREAT UPSIDE AND OWNER IS OPEN TO EVEN A PARTIAL JV- with the right partner/developerDo Not disturb tenants or bother store operator- contact agent /owner for access

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T17:30:23.68. 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. Licensed in the State of California, USA.
    www.sonyathebroker.com/homes/85427522

    101 W El Portal San Clemente, CA 92672

    • Price: $3,880,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: OC18163300
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    5,800
    SQFT
    $669
    $/SQFT
    Neighborhood:
    SN - San Clemente North
    County:
    Orange
    Area:
    SN - San Clemente North
    Property Description
    Prime location on west side of El Camino Real/Coast Highway OCEAN VIEW 2nd floor roof deck prop in North Beach area of San Clemente near all the new re development with over 300 new $2-$4million $ homes plus new retail/restaurant projects. This site has plenty of parking with 2nd story views that can be expanded ( ideal for roof deck for custom restaurant location to enjoy Sunsets/and marina outline views plus lights of Hills ( conceptual plan available to view)- IDEAL site for a mixed use project ( ck with City on process)- ask for alley abandonment parking 42+ spaces and room to expand for more income potential with large area for outside patios- easy ingress/egress and the ability to add 2-4 more lots(16,000 sq approx -$1,00,000) to expand this site to over 18-20,000 sq ft of ocean view retail/office/motel/hotel /commercial use or explore with the city as zone is NC-1.2 with great public transportation access nearby and surrounded by homes $700,000-$5 million and quality school just down the street that attracts pupils from Irvine for its specialized courses.Income is solid $17,000 month- with Neighborhood grocery store 4 offices (2-5 yrs use) with ocean view decks, water vending machine $$$ income along with 2 permitted storage units plus $1000 monthly income from parking spaces. UPSIDE -Motel useGREAT UPSIDE AND OWNER IS OPEN TO EVEN A PARTIAL JV- with the right partner/developerDo Not disturb tenants or bother store operator- contact agent /owner for access
    Exterior Features

    Lot Features Corner LotLevel With StreetLot 20000-39999 SqftLot-Level/FlatPark Nearby Lot Size Source Estimated Lot Size Units Square Feet Parking Total 23.00

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Expenses 2700.00 Building Status Existing Business Type ButcherCommercialConvenience StoreFood & BeverageGroceryMulti-TenantProfessional/OfficeStorage Cap Rate 4.60 Country Us Current Use Comments Neighborhood Grocery+ O Electric Expense 0.00 Expense Year 2018 Gross Scheduled Income 209400.00 Insurance Expense 3600.00 Investment Property YN Yes Land Lease YN No Land Use Other Laundry YN No Leasable Area Units Square Feet Legal Accounting Expense 1500.00 Maintenance Expense 3000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 179400.00 Occupancy Occupied Operating Expense 30000.00 Other Expense 2000.00 Professional Management Expense 0.00 Property Sub Type Mixed Use Real Estate Tax Expense 12000.00 Reserves Expense 5000.00 Retail Center Type Community/Specialty Special Listing Conditions Standard Supplies Expense 200.00 Tax Annual Amount 12000.00 Tax Rate 1.08 Total Expenses 25000.00 Total Monthly Rent 17475 Trash Expense 0.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 0.00 Water Source Public Zoning Nc1.2

    Listing provided courtesy of Thomas Odonnell of Homesmart, Evergreen Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T17:30:23.68. 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. Licensed in the State of California, USA.
     
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