NOT LISTED FOR SALE
3 Beds
3 Baths
1,847 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: June 1, 2018

Last sale price $1,146,500 $621 Per Sq Ft

213 Days on Market

Highlights

  • No HOA
  • Cul-De-Sac
  • Wall Furnace
  • Las Palmas Elementary School Rated A-
  • Laundry Room

About This Home

As of June 2018

Back on market! Price reduced! Increased rents! 3 large, 1-bedroom units only one block from the ocean and San Clemente beach trail. Unit A has a private balcony and units B & C share a balcony. Each unit has 2 parking spaces which is rare for this area. 2 units have in-unit laundry. All units have a great city lights view. Units are walking distance to the Pier and popular North Beach attractions including Ellie's Table, Shwack's Cantina & Ole Hanson Beach Club. The location, parking, and high demand in the area make the units easy to rent and manage. Building sits on a large lot with great development potential. Seller is motivated and will carry a second trust deed with the right buyer. Submit all offers!

Last Agent to Sell the Property

Mark Thompson

Real California Realty License #02027007 Listed on: 10/03/2017

Last Buyer's Agent

Randy Marshall

CENTURY 21 Affiliated License #01302726

CENTURY 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 9,601 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac

Home Design

  • Property Attached

Interior Spaces

  • 1,847 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6500
  • Assessor Parcel Number 69212230

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,140
  • Other Expense $1,200
  • Trash Expense $720
  • Water Sewer Expense $1,320
  • New Taxes Expense $16,200
  • Operating Expense $20,580
  • Gross Income $43,020
  • Net Operating Income $43,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

9,601 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Beach
  • Water Sewer Expenses: 1320.00
  • Property Type: Residential Income
  • Parcel Number: 69212230
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 620.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 9601.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 43020.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1140.00
  • Net Operating Income: 43020.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 20580.00
  • Other Expense: 1200.00
  • Other Expense Description: Misc.
  • Rent Control: No
  • Total Actual Rent: 5300.00
  • Total Expenses: 20580.00

Tax Info

  • New Taxes Expense: 16200.00
  • Tax Census Tract: 421.08
  • Tax Lot: 6500
  • Tax Tract Number: 9999
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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 Prior Sale
06/01/2018 06/01/18 Sold $1,146,500 0.0% $621 / Sq Ft
05/04/2018 05/04/18 Pending -- -- --
05/04/2018 05/04/18 Off Market $1,146,500 -- --
05/02/2018 05/02/18 For Sale $1,245,000 0.0% $674 / Sq Ft
04/13/2018 04/13/18 Pending -- -- --
03/28/2018 03/28/18 Price Changed $1,245,000 -2.3% $674 / Sq Ft
03/20/2018 03/20/18 Price Changed $1,274,500 -1.6% $690 / Sq Ft
03/07/2018 03/07/18 Price Changed $1,295,000 -0.3% $701 / Sq Ft
02/06/2018 02/06/18 Price Changed $1,299,000 -3.7% $703 / Sq Ft
01/26/2018 01/26/18 Price Changed $1,349,000 0.0% $730 / Sq Ft
01/26/2018 01/26/18 For Sale $1,349,000 +17.7% $730 / Sq Ft
11/09/2017 11/09/17 Off Market $1,146,500 -- --
10/03/2017 10/03/17 For Sale $1,399,000 +44.2% $757 / Sq Ft
06/06/2016 06/06/16 Sold $970,000 -15.7% $525 / Sq Ft View Prior Sale
05/02/2016 05/02/16 Pending -- -- --
03/28/2016 03/28/16 For Sale $1,150,000 -- $623 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,784 $1,588,468 $1,480,226 $108,242
2024 $15,784 $1,557,322 $1,451,202 $106,120
2023 $15,450 $1,526,787 $1,422,747 $104,040
2022 $15,156 $1,496,850 $1,394,850 $102,000
2021 $11,973 $1,181,545 $1,122,905 $58,640
2020 $11,854 $1,169,430 $1,111,391 $58,039
2019 $11,621 $1,146,500 $1,089,599 $56,901
2018 $10,036 $989,400 $924,701 $64,699
2017 $10,037 $989,400 $924,701 $64,699
2016 $8,683 $855,199 $793,435 $61,764
2015 $8,552 $842,354 $781,517 $60,837
2014 $8,388 $825,854 $766,208 $59,646
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17227884

California Regional Multiple Listing Service (CRMLS)

APN: 692-122-30

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