NOT LISTED FOR SALE
8 Beds
8 Baths
5,320 Sq Ft
4,792 Sq Ft Lot

Last Sold September 07, 2021

Last sale price $2,000,000 $376 Per Sq Ft

96 Days on Market

Highlights

  • On Golf Course
  • City Lights View
  • Spanish Architecture
  • Concordia Elementary School Rated A
  • Open Floorplan
  • Living Room

About This Home

As of September 2021

Visit our 3D Virtual Tour: https://bit.ly/3glYFlM GREAT INVESTMENT OPPORTUNITY! Our 4-unit Building has Spacious, identical, single-level floorplans. Each unit has a front Patio area facing the street with Kitchen & opens to Large Living Room areas then spans the length of the building to overlook the Golf course on the back side of the building. Top floor has Ocean views North and South facing! Two Bedrooms and two Bathrooms for each unit. All Master Bedrooms have an en-suite Bathroom with all Master Bedroom/back Patios overlook the San Clemente Golf Course. Each unit has a 1-Car Garage. Convenient on-site Laundry area is shared and located in Garage downstairs. Units have been nicely maintained with well-qualified Tenants. Investor's dream: Long-term Owner wishes to retire - all Units are rented month-to-month, rents are under-market and with Kitchen/Bathroom upgrades, rents can increase greatly! Annual Roof & Building maintenance done regularly. Cement sidewalks and grounds are low-maintenance. Excellent Roof and Gutter drainage. Great location near restaurants, shopping, easy freeway access and only minutes to San Clemente's pristine Beaches. Annual expenses listed are based on a 12-month average. Make an offer, decorate/upgrade to your liking and reap the income potential!

Last Agent to Sell the Property

Cindy Eades

Seaside Property Management License #01009556 Listed on: 04/16/2021

Last Buyer's Agent

Christian Wach

Talavera Real Estate License #01922260

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 4,792 Sq Ft Lot
  • On Golf Course
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Level
  • Assigned Parking

Property Views

  • City Lights
  • Peek-A-Boo

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Property Attached
  • Turnkey
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Tile Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 5,320 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Drapes & Rods
  • Blinds
  • Window Screens
  • Sliding Doors
  • Living Room
  • Living Room Balcony

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Central Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 219
  • Tax Tract Number 938
  • Assessor Parcel Number 06003106

Community Details

Recreation

  • Golf Course Community
  • Water Sports
  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $122
  • Gardener Expense $600
  • Insurance Expense $1,626
  • Maintenance Expense $12,545
  • Trash Expense $1,040
  • Water Sewer Expense $1,900
  • New Taxes Expense $1,734
  • Operating Expense $17,833
  • Gross Income $92,968
  • Net Operating Income $74,807

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Inclusions: All Appliances & fixtures installed in each unit including Gas Ranges x4, Dishwashers x4.
  • Price Per Unit: 628500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Custom
  • View: Yes
  • Water Sewer Expenses: 1900.00
  • Zoning: Multi Family Dwelling
  • Architectural Style: Mediterranean, Spanish
  • Property Condition: Repairs Cosmetic, Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 06003106
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Living Room Balcony, Open Floorplan, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 375.94
  • Room Type: Kitchen, Living Room
  • Window Features: Blinds, Drapes, Screens

Exterior Features

  • Foundation: Concrete Perimeter, Slab
  • Exterior Features: Rain Gutters
  • View: City Lights, Peek-A-Boo
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Flat, Tar/Gravel, Tile
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Concrete, Driveway Level, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Water Heater Central
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central, Forced Air
  • Laundry Features: Community, Dryer Included, In Garage, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1040.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Gutters, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, On Golf Course
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1330 Square Feet
  • Electric Expense: 122.00
  • Gross Income: 92968.00
  • Gross Scheduled Income: 92640.00
  • Insurance Expense: 1626.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 328.00
  • Lot Size Area: 4792.0000 Square Feet
  • Maintenance Expense: 12545.00
  • Net Operating Income: 74807.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 17833.00
  • Rent Control: No
  • Total Actual Rent: 7720.00
  • Total Expenses: 17833.00

Tax Info

  • New Taxes Expense: 1734.00
  • Tax Census Tract: 421.14
  • Tax Lot: 219
  • 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
09/07/2021 09/07/21 Sold $2,000,000 -11.1% $376 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/01/2021 07/01/21 Price Changed $2,249,000 -10.5% $423 / Sq Ft
06/04/2021 06/04/21 For Sale $2,514,000 0.0% $473 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $2,514,000 -- $473 / 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: OC21079485

California Regional Multiple Listing Service (CRMLS)

APN: 060-031-06