NOT LISTED FOR SALE
3 Beds
3 Baths
1,847 Sq Ft
9,601 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
  • Laundry closet
  • Wall Furnace
  • Cul-De-Sac

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
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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 closet

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

Amenities

  • Laundry Facilities

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,625
Outstanding Balance
$971,927
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,625
Outstanding Balance
$971,927
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$857,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$857,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2017
Closed on
May 24, 2018
Sold by
Bought by
Seller's Agent
Mark Thompson
Real California Realty
Buyer's Agent
Randy Marshall
CENTURY 21 Affiliated
List Price
$1,245,000
Sold Price
$1,146,500
Premium/Discount to List
-$98,500
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$846,500
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2017
Sold by
Bought by

Purchase Details

Closed on
Sep 7, 2017
Sold by
Bought by

Purchase Details

Listed on
Mar 28, 2016
Closed on
Jun 1, 2016
Sold by
Bought by
Seller's Agent
Gary Hansen
First Team Real Estate
Buyer's Agent
Gary Hansen
First Team Real Estate
List Price
$1,150,000
Sold Price
$970,000
Premium/Discount to List
-$180,000
-15.65%

Purchase Details

Closed on
Feb 7, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,250
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
9.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,300
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Ticor Title Company Of Ca Oc
$1,467,500 Ticor Title Company Of Ca
-- Ticor Ttl Orange Cnty Branch
-- None Available
-- None Available
$1,146,500 First American Title Co
-- None Available
-- None Available
-- None Available
$970,000 Western Resources Title Co
$699,000 Southland Title Corporation
$575,000 Orange Coast Title
$344,500 Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,100,625
Previous Owner $780,000
Previous Owner $857,000
Previous Owner $846,500
Previous Owner $250,000
Previous Owner $524,250
Previous Owner $350,000
Previous Owner $300,000
Previous Owner $258,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $16,051 $1,620,237 $1,509,831 $110,406
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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