229 Avenida Monterey

Description

NEW CONSTRUCTION OPPORTUNITY ON THE OCEAN SIDE OF EL CAMINO REAL/PCH. Create your own custom, beach-close property WITH 3 SEPARATE LIVING UNITS in San Clemente. At 11,326 SF, this is a prime lot for development of properties with gorgeous canyon views. The owner has Coastal Commission-approved complete plans and building estimates to construct a Duplex with ADU. Live in one unit and rent out the other two, or rent out all 3! Plans are for a 4-bedroom 2,100 SF unit, a 3-bedroom 1,700 SF unit, and an additional 1 bedroom ADU of 650 SF. Each of the 3 units has ample space and there are parking garages for 4 cars with additional parking in the driveways. The pictures in this listing are concept images of those plans. This coveted lot is zoned for multi-unit and offers separate access to both sides of the property. Nestled in central San Clemente, the lot is convenient to I-5, excellent schools, Dana Point Harbor, golf, and hiking and biking trails from San Clementes beaches, pier, and downtown shops and restaurants. Price includes plans and fees paid to date. Gross Projected Income is $12,000/mo at time of completion, based on current rental prices and renting out all 3 units. Plans available upon request. This is a one-of-a-kind opportunity to own a spectacular property in beautiful San Clemente!