NOT LISTED FOR SALE

112 Calle Patricia San Clemente, CA 92672

Southeast San Clemente Neighborhood
7 Beds
6 Baths
4,076 Sq Ft
9,148 Sq Ft Lot

Last Sold February 03, 2017

Last sale price $1,626,000 $399 Per Sq Ft

149 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Laundry Room
  • Concordia Elementary School Rated A
  • Fireplace in Patio
  • Wall Furnace

About This Home

As of February 2017

This incredible investment opportunity has not been on the market since 1972. These 3 units all enjoy views of the ocean, coastline, city lights and night. With this expansive view, one can see San Clemente Island as well as the Dana Point Peninsula. The units benefit from a lot of natural light. Excellent unit mix of (1) 3bd/2ba and (2) 2bd/2ba. The current rents are below market leaving tremendous upside for the new owner. 4.30 ProForma Cap Rate is very realistic. Beyond the fantastic views, each tenant has their very own private garage. Unit A has a two car garage and units B & C each have a (1) car garage. Further, there is another garage available to any of the tenants, which can be used for another car or storage. This is another potential source of income for the Owner. REQUEST OFFERING MEMORANDUM FOR MORE DETAILS.

Last Agent to Sell the Property

John Gessford

First Team Real Estate License #01137479 Listed on: 08/17/2016

First Team Real Estate

Last Buyer's Agent

Jill Scognamiglio

Casa Bella Realty Group License #00949329

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 9,148 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights

Interior Spaces

  • 4,076 Sq Ft Home
  • Electric Fireplace
  • Library with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Fireplace in Patio
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 17
  • Tax Tract Number 5136
  • Assessor Parcel Number 69003118

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $2,200
  • Trash Expense $318
  • Water Sewer Expense $1,416
  • New Taxes Expense $16,950
  • Operating Expense $23,054
  • Gross Income $6,820
  • Net Operating Income $58,173

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 3.53
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1416.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 69003118
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Fireplace Features: Library, Patio, Electric
  • Levels: Two
  • Price Per Square Foot: 398.92

Exterior Features

  • View: City Lights, Coastline, Ocean, Panoramic
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 318.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9148.00
  • Price Per Lot Square Foot: 195.12

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 6820.00
  • Gross Multiplier: 20.46
  • Gross Scheduled Income: 81840.00
  • Insurance Expense: 2200.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 500.00
  • Net Operating Income: 58173.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 24167.00
  • Other Income Description: tenant pays ALL utilities
  • Rent Control: No
  • Total Expenses: 23054.00

Tax Info

  • New Taxes Expense: 16950.00
  • Tax Lot: 17
  • Tax Tract Number: 5136
  • Tax Year: 2015

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
02/03/2017 02/03/17 Sold $1,626,000 -2.9% $399 / Sq Ft
01/10/2017 01/10/17 Price Changed $1,675,000 -4.2% $411 / Sq Ft
09/20/2016 09/20/16 Price Changed $1,749,000 -2.0% $429 / Sq Ft
08/17/2016 08/17/16 For Sale $1,785,000 0.0% $438 / Sq Ft
05/07/2016 05/07/16 Rented $2,995 0.0% --
04/09/2016 04/09/16 Price Changed $2,995 -4.2% $2 / Sq Ft
03/24/2016 03/24/16 Price Changed $3,125 -2.3% $2 / Sq Ft
01/10/2016 01/10/16 For Rent $3,200 +40.7% --
10/29/2015 10/29/15 Rented $2,275 0.0% --
10/13/2015 10/13/15 Price Changed $2,275 -3.2% $2 / Sq Ft
09/08/2015 09/08/15 For Rent $2,350 0.0% --
09/08/2015 09/08/15 Off Market $2,350 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Gessford

    Seller's Agent in 2017

    John Gessford

    First Team Real Estate

    (949) 278-6645

    10 Total Sales

    Section Image

  • J

    Buyer's Agent in 2017

    Jill Scognamiglio

    Casa Bella Realty Group

    (949) 338-0996

    1 Total Sale

    Section Image
  • Molly Peterson

    Seller's Agent in 2016

    Molly Peterson

    Regency Real Estate Brokers

    (949) 275-4779

    63 Total Sales

    Section Image
  • Rita Tayenaka

    Buyer's Agent in 2016

    Rita Tayenaka

    Coast to Canyon Real Estate

    (949) 292-1393

    55 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16181280

California Regional Multiple Listing Service (CRMLS)

APN: 690-031-18

California Orange County San Clemente 92672 Southeast San Clemente

112 Calle Patricia, San Clemente, CA

This home is located at 112 Calle Patricia, San Clemente, CA 92672 since 17 August 2016. This property was built in 1972. 112 Calle Patricia is a home located in Orange County with nearby schools including Concordia Elementary School, Shorecliffs Middle School, and San Clemente High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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