Listing Broker: Caliber Real Estate Group
Listing Agent: Charisse Okamoto
DRE #01954054: 01865682
714-602-6065
Listing Broker: Caliber Real Estate
Colisting Agent: Carrie English
DRE #01954054: 01367554
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!
| Listing Id: | PW26221604 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Lot Size Acres: | 0.12 |
| Waterfront?: | No |
| Year Built: | 1973 |
| Basement Yn: | No |
| Building Area Units: | SquareFeet |
| Carport Spaces: | 4.0 |
| Common Walls: | TwoCommonWallsOrMore |
| Construction Materials: | Stucco |
| Cooling: | None |
| Door Features: | SlidingDoors |
| Electric Expense: | $147 |
| Entry Level: | 2 |
| Fireplace Features: | None |
| Gross Scheduled Income: | $148,800 |
| Heating: | Central |
| Interior Features: | CeilingFans, TileCounters |
| Levels: | Two |
| Listing Contract Date: | 2026-10-12 |
| Lot Features: | Paved |
| Lot Size Area: | 5227.0 |
| Lot Size Source: | Assessor |
| Maintenance Expense: | $4,000 |
| Net Operating Income: | $127,705 |
| Number Of Separate Electric Meters: | 4 |
| Number Of Separate Water Meters: | 1 |
| Number Of Units Leased: | 4 |
| Parking Features: | Covered, Driveway |
| Pest Control Expense: | $922 |
| Property Attached?: | Yes |
| Road Surface Type: | Paved |
| Spa Features: | None |
| State Or Province: | CA |
| Stories: | 2 |
| Tenant Pays: | CableTv, Electricity, Gas |
| Total Actual Rent: | $12,400 |
| Trash Expense: | $1,284 |
| Water Source: | Public |
| Property Sub Type Additional: | Quadruplex |
| Country Subdivision: | 06059 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06059:05812308 |
| List Price: | $3,125,000 |
|---|---|
| Property Sub Type: | Quadruplex |
| Association Fee: | $0 |
| Lot Size Square Feet: | 5,227.0 |
| City: | San Clemente |
| County Or Parish: | Orange |
| Postal Code: | 92672 |
| Number Of Units Total: | 4 |
| Room Type: | Kitchen, LivingRoom |
| Building Area Total: | 4980.0 |
| Carport?: | Yes |
| Common Interest: | None |
| Community Features: | StreetLights, Sidewalks |
| Directions: | Avenida Palizada/Avenida Serra |
| Elevation Units: | Feet |
| Entry Location: | 2 |
| Flooring: | Carpet, Vinyl |
| Foundation Details: | Slab |
| Garage Spaces: | 0.0 |
| Gardener Expense: | $1,440 |
| Gross Income: | $127,946 |
| Heating?: | Yes |
| Insurance Expense: | $9,765 |
| Laundry Features: | CommonArea |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | CashToNewLoan |
| Lot Size Acres: | 0.12 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | Sc - San Clemente Central |
| Number Of Buildings: | 1 |
| Number Of Separate Gas Meters: | 4 |
| Open Parking Spaces: | 4.0 |
| Operating Expense: | $21,095 |
| Original List Price: | $3,125,000 |
| Other Expense: | $759 |
| Parcel Number: | 05812308 |
| Parking Total: | 8 |
| Pool Features: | None |
| Postal City: | SAN CLEMENTE |
| Security Features: | CarbonMonoxideDetectors, SmokeDetectors |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 3 |
| Water Sewer Expense: | $2,778 |
| Window Features: | DoublePaneWindows |
| Year Built Source: | Assessor |
| Current Price: | $3,125,000.00 |
| Start Showing Date: | 2026-10-13 |
| Record Signature: | 892,230,433 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 14, 2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 14, 2026 12:50 AM - PT
Property Last Updated: October 14, 2026 12:50 AM - PT
