NOT LISTED FOR SALE
4 Beds
4 Baths
2,232 Sq Ft
4,792 Sq Ft Lot

Last Sold April 07, 2023

Last sale price $1,250,000 $560 Per Sq Ft

13 Days on Market

Highlights

  • Ocean View
  • On Golf Course
  • Cape Cod Architecture
  • Concordia Elementary School Rated A
  • Open Floorplan
  • Private Yard

About This Home

As of April 2023

Your search for the ultimate income opportunity will pay off at this rare duplex on the golf course in San Clemente. In need of some repairs due to a fire that affected the garage, the two-level building features two apartments and a prime corner-lot location near beaches, shopping, restaurants, downtown San Clemente and I-5. The top-level unit presents gorgeous views of the adjacent San Clemente Municipal Golf Course and offers the advantage of a spacious sunroom, sunny deck and ocean views. A covered patio highlights the lower unit, and both feature two bedrooms, two baths and a living room with fireplace. The upper unit provides ocean views from the deck, living room and master bedroom. The possibilities are many: clear the lot and create a brand-new building, repair the garage and upgrade the apartments, lease both units for maximum income potential, or live in one and rent the other. Living areas currently encompass a combined total of approximately 2,232 square feet and the site extends about 4,792 square feet.

Last Agent to Sell the Property

Doug Echelberger

Inhabit Collective License #01176379 Listed on: 02/23/2023

Last Buyer's Agent

Erik Frankl

Kinnery's Brokerage House License #02088682

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 4,792 Sq Ft Lot
  • On Golf Course
  • 1 Common Wall
  • Vinyl Fence
  • Wire Fence
  • Landscaped
  • Private Yard
  • Back Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway

Property Views

  • Ocean
  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Duplex
  • Cape Cod Architecture
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper
  • Planned Development
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,232 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Wood Burning Fireplace
  • Double Pane Windows
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 218
  • Tax Tract Number 938
  • Assessor Parcel Number 06003107

Community Details

Overview

  • 2 Units
  • Foothills

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Trash Expense $300
  • Water Sewer Expense $2,400
  • New Taxes Expense $145,000
  • Operating Expense $22,000
  • Gross Income $88,000
  • Net Operating Income $66,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.60
  • Price Per Unit: 725000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: /
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Architectural Style: Cape Cod
  • Property Condition: Fixer, Repairs Cosmetic, Repairs Major
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 06003107
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 560.04
  • Room Type: Entry, Kitchen, Living Room, Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: City Lights, Hills, Neighborhood, Ocean
  • Fence: Yes
  • Fencing: Vinyl, Wire
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage Faces Front, Garage - Two Door, On Site, Private
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Range, Gas Cooktop
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Gas Dryer Hookup, In Closet, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Curbs, Foothills, Golf, Hiking, Gutters, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, On Golf Course, Walkstreet, Yard
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 1200.00
  • Gross Multiplier: 16.47
  • Gross Operating Income: 88000.00
  • Gross Scheduled Income: 88000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 66000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 22000.00
  • Rent Control: No
  • Total Expenses: 22000.00

Tax Info

  • New Taxes Expense: 145000.00
  • Tax Lot: 218
  • Tax Tract Number: 938

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2023 04/07/23 Sold $1,250,000 -13.8% $560 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $1,450,000 -- $650 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23031070

California Regional Multiple Listing Service (CRMLS)

APN: 060-031-07