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Key Details
Sold Price $2,335,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25005200
Sold Date 02/19/25
HOA Y/N No
Year Built 1960
Annual Tax Amount $24,224
Lot Size 0.280 Acres
Property Sub-Type Apartment
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
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 69205104
Energy Description 1343.0
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Gary Tolfa • Triqor Group
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130