Bought with Gary Tolfa • Triqor Group
$2,335,000
$2,395,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3,249 SqFt
SOLD DATE : 02/19/2025
Key Details
Sold Price $2,335,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,249 sqft
Price per Sqft $718
MLS Listing ID CRPW25005200
Sold Date 02/19/25
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1960
Lot Size 0.280 Acres
Property Sub-Type Other
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
Water Public
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