
San Clemente, California 92672
This fourplex is a Strong Value Opportunity, listed at $3,125,000—positioned well below the $3,488,772 Fair Market Value by 10%. This valuation gap offers $363,772 in Instant Equity. Featuring a Fair Condition Rating, the property provides stable income with significant rental upside through cosmetic updates. With eight dedicated parking spaces and a prime coastal location, this is a high-demand Residential Income asset. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking long-term appreciation in San Clemente.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 Avenida Serra Subject 0 bd · 0 ba · 4,980 sqft · $701 | $3,125,000* List Price | 0 | 0 | 4,980 | $701 | - |
A 121 Loma Lane Sold 5 bd · 7 ba · 4,900 sqft · $505 · 0.2 mi | $2,475,000 | 5 | 7 | 4,900 | $505 | 0.2 mi |
B 314 Avenida Granada Sold 7 bd · 4 ba · 3,500 sqft · $743 · 0.2 mi | $2,600,000 | 7 | 4 | 3,500 | $743 | 0.2 mi |
C 245 Avenida Rosa Sold 0 bd · 0 ba · 3,436 sqft · $728 · 0.2 mi | $2,500,000 | 0 | 0 | 3,436 | $728 | 0.2 mi |
D 803 Calle Puente Active 0 bd · 0 ba · 3,050 sqft · $754 · 0.2 mi | $2,299,000 List Price | 0 | 0 | 3,050 | $754 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this property is well-maintained but dated. While the description notes newer flooring and upgraded electrical panels, the kitchens feature oak cabinetry and white tile countertops typical of a 20+ year old renovation. The units are functional and move-in ready, but require cosmetic updates to the kitchens and likely bathrooms to achieve modern standards.
The property provides two dedicated parking spaces per unit for a total of eight spaces, a rare and highly valuable asset in a coastal community where beachside parking is extremely limited.
With current gross income at $148,800 and market estimates at $175,200, the property offers a potential $26,400 annual increase in revenue, presenting a strong opportunity for value-add investors.
The building features four large 2-bedroom, 2-bathroom units of approximately 1,200 sqft each, a configuration that typically attracts stable, long-term tenants and commands higher rents than smaller units.
Originally constructed in 1973, the property may require ongoing maintenance or significant capital expenditures for aging systems common in 50-year-old coastal structures.
Due to the high-density use of the 5,227 sqft lot for the building and parking, there is minimal shared green space or common outdoor amenities for tenants beyond their private balconies.
Exceptional fourplex investment opportunity in the heart of San Clemente! Located at 241 Avenida Serra, this fully occupied Spanish-style property features four spacious 2-bedroom, 2-bathroom units, each approximately 1,200 square feet. Each unit enjoys its own private balcony and TWO dedicated parking spaces, providing a total of EIGHT parking spaces—an incredible advantage in this desirable coastal community where beachside parking is at a premium! Showcasing classic Spanish architecture with a red tile roof, charming archways, and attractive landscaping, the property offers timeless coastal appeal. The generously sized units feature bright living spaces, functional kitchens, ample storage, and newer flooring. Additional improvements include upgraded electrical panels, while convenient on-site coin-operated laundry provides an additional income opportunity. All four units are currently rented, generating $12,400 per month or $148,800 annually in gross scheduled rental income. With estimated market rents of approximately $3,650 per unit, there is potential to increase gross rental income to $175,200 annually, representing $26,400 in potential annual upside, subject to applicable rental regulations. Ideally located near San Clemente's beautiful beaches, iconic pier, Avenida Del Mar shopping and dining, and scenic coastal trails, this property offers the coastal lifestyle tenants desire. With spacious floor plans, private outdoor spaces, valuable dedicated parking, existing income, and future rental upside, 241 Avenida Serra is a compelling opportunity to own a multifamily investment in one of Orange County's most sought-after beach communities!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,980 | 1,877.692 |
| Lot Size | 5,227 | 3,999.385 |
| Price | $3.12M | $1.79M |
| Price per sq ft | $628 | $822 |
| Built year | 1973 | 1963 |
| HOA | $0 | $475 |
| Days on market | 12 | 75 |
Oct 13, 2026
$3,125,000
Initial Listing