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    115 Avenida Granada San Clemente, CA 92672

    For Sale
    $2,200,000

    Prime location, versatile property, high potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional mixed-use property in downtown San Clemente, CA, presents a unique investment opportunity. Located on Avenida Granada, near Avenida Del Mar and El Camino Real, it boasts unparalleled visibility and walkability to numerous shops and restaurants. The property includes a 775 sq ft freestanding commercial building currently operating as a professional office with three private offices, a conference room, break room, and restroom. A private driveway leads to the residential area, currently configured as two units with two single-car garages, but easily convertible back to a triplex. The upper unit features a remodeled open floor plan, a spacious new deck with ocean views, a full kitchen, bath, and oversized bedroom. The lower unit is a charming studio, adaptable for additional office space. The 3,920 sq ft lot is zoned MU.3.1, allowing for diverse future development possibilities. This property offers a blend of immediate income potential and long-term growth prospects, ideal for those seeking a work-live-play lifestyle, a strong investment, or a prime development site. Asking price is $2,200,000.

    Property Features for 115 Avenida Granada

    General Information

    Property type
    Multifamily properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Clemente
    County
    Orange
    State
    California
    Longitude
    -117.6127221
    Latitude
    33.4263371

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, versatile property, high potential
    Where is this multifamily property located?
    The property is located at 115 Avenida Granada San Clemente, CA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    Request Owner's contact information
    115 Avenida Granada San Clemente, CA 92672
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Avenida Granada San Clemente, CA 92672
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