NOT LISTED FOR SALE
6 Beds
6 Baths
3,822 Sq Ft
3,049 Sq Ft Lot

Last Sold January 04, 2021

Last sale price $2,450,000 $641 Per Sq Ft

Highlights

  • No HOA
  • 3-minute walk to San Clemente Pier
  • Rectangular Lot
  • Clarence Lobo Elementary School Rated A-
  • Laundry Room
  • 1-minute walk to Parque del Mar

About This Home

As of January 2021

Trophy 6-unit building located in the popular Pier Bowl! Incredible investment opportunity with white water ocean views! Walk to the San Clemente Pier, just steps away to enjoy Coffee, surfing and restaurants. Just 100 Feet from beaches, surfing and San Clemente Beach Trail! Balconies facing west on every unit. 3 carport spaces and 3 uncovered parking spaces. Property has been upgraded over the last 5 years with newer windows, decking, roof, smooth coat stucco. Located in the STLU vacation rental zone. Sold while processing. Please call Listing Agents for more information.

Last Agent to Sell the Property

Jeremy Conrad

Conrad Realtors Inc License #01279209 Listed on: 12/28/2020

Co-Listed By

Bill Conrad

Conrad Realtors Inc License #01461548

Last Buyer's Agent

Jeremy Conrad

Conrad Realtors Inc License #01279209 Listed on: 12/28/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 3,049 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Property Attached

Interior Spaces

  • 3,822 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 6 Parking Spaces
  • 3 Carport Spaces

Listing and Financial Details

  • Legal Lot and Block 3 / 9
  • Tax Tract Number 785
  • Assessor Parcel Number 69202403

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $480
  • Insurance Expense $2,000
  • Other Expense $5,000
  • Trash Expense $1,440
  • Water Sewer Expense $2,028
  • New Taxes Expense $24,500
  • Operating Expense $37,500
  • Gross Income $150,000
  • Net Operating Income $112,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 4.60
  • Property Attached: Yes
  • Water Sewer Expenses: 2028.00
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 69202403
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 641.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 480.00
  • Gross Income: 150000.00
  • Gross Operating Income: 150000.00
  • Gross Scheduled Income: 150000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 3049.0000 Square Feet
  • Net Operating Income: 112500.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 37500.00
  • Operating Expense Percent: 25.00
  • Other Expense: 5000.00
  • Other Expense Description: MISC
  • Rent Control: No
  • Total Actual Rent: 150000.00
  • Total Expenses: 37500.00

Tax Info

  • New Taxes Expense: 24500.00
  • Tax Block: 9
  • Tax Census Tract: 421.08
  • Tax Lot: 3
  • Tax Tract Number: 785

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 List to Sale Price per Sq Ft
01/04/2021 01/04/21 Sold $2,450,000 0.0% $641 / Sq Ft
12/28/2020 12/28/20 Pending -- -- --
12/28/2020 12/28/20 For Sale $2,450,000 -- $641 / 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: OC20251583

California Regional Multiple Listing Service (CRMLS)