NOT LISTED FOR SALE
7 Beds
4 Baths
3,093 Sq Ft
5,663 Sq Ft Lot

Last Sold May 30, 2024

Last sale price $2,400,000 $776 Per Sq Ft

268 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Highway 1
  • Corner Lot
  • Concordia Elementary School Rated A
  • Midcentury Modern Architecture
  • No HOA

About This Home

As of May 2024

Rare opportunity for a Mid Century Modern multi residential income property, with ocean views, in a highly desirable SouthWest San Clemente, primarily Residential location!  Tri-plex configured with two Upper level units featuring a 3 Bed/2 Bath & 2 Bed/1 Bath with balconies and spanning ocean views. The downstairs unit offers a 2 Bed/1 Bath with private patio space. Each unit has its own garage space. Additional income potential. Walking distance to San Clemente’s finest beaches, local dining, and shopping.

Last Agent to Sell the Property

Scott Kidd

Berkshire Hathaway HomeService License #01011063 Listed on: 08/08/2023

Berkshire Hathaway HomeService

Co-Listed By

Corey Kidd

Berkshire Hathaway HomeService License #02021898

Last Buyer's Agent

Christian Wach

Talavera Real Estate License #01922260

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 5,663 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Catalina
  • Panoramic

Home Design

  • Triplex
  • Midcentury Modern Architecture

Interior Spaces

  • 3,093 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / 5
  • Tax Tract Number 822
  • Assessor Parcel Number 69215224
  • $31 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $1,440
  • Operating Expense $26,540
  • Gross Income $121,440
  • Net Operating Income $94,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: (949) 498-0487
  • Price Per Unit: 831667
  • Property Attached: Yes
  • Subdivision Name Other: /
  • View: Yes
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 69215224
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 775.95

Exterior Features

  • View: Catalina, Ocean, Panoramic
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Walkstreet
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300
  • Latitude Manual: 33.42091300

Multi Family

  • Gross Income: 121440.00
  • Gross Scheduled Income: 121440.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 94900.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 26540.00
  • Other Income1: 18480.00
  • Rent Control: No
  • Total Expenses: 26540.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 421.16
  • Tax Lot: 6
  • Tax Rate: 0.01
  • Tax Tract Number: 822
  • TaxOtherAnnualAssessmentAmount: 31.00

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
05/30/2024 05/30/24 Sold $2,400,000 -3.8% $776 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
04/20/2024 04/20/24 Price Changed $2,495,000 -3.9% $807 / Sq Ft
11/27/2023 11/27/23 Price Changed $2,595,000 -5.6% $839 / Sq Ft
10/08/2023 10/08/23 Price Changed $2,750,000 -4.7% $889 / Sq Ft
09/20/2023 09/20/23 Price Changed $2,885,000 -3.7% $933 / Sq Ft
08/08/2023 08/08/23 For Sale $2,995,000 +36.1% $968 / Sq Ft
07/06/2021 07/06/21 Sold $2,200,000 0.0% $711 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/14/2021 06/14/21 Price Changed $2,200,000 -2.2% $711 / Sq Ft
06/10/2021 06/10/21 For Sale $2,250,000 -- $727 / 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: OC23146983

California Regional Multiple Listing Service (CRMLS)