Seller's Agent in 2022
Sean Grange
Compass
(714) 366-5292
2 in this area
59 Total Sales
114 E El Portal San Clemente, CA 92672
Central San Clemente Neighborhood
6
Beds
6
Baths
3,225
Sq Ft
3,999
Sq Ft
Highlights
- No HOA
- Laundry Room
- Level Lot
- Clarence Lobo Elementary School Rated A-
About This Home
As of March 2022Prime income-producing 3-plex in the heart of San Clemente, just minutes from world-class beaches and downtown shops and restaurants. Extremely stable investment building with no vacancies and fantastic tenants. Great unit mix and layouts make this building a fantastic long-term investment at the beach. All units are occupied. Unit #A is a two bedroom, 1.5 bathroom single story ground level unit. Unit #B is a two bedroom, 1.5 bathroom upper level with ocean view deck. Unit #C (pictured) is a two bedroom, 1.5 bath upper level with partial ocean view deck. Total building square footage is approx 3225 sq ft. Plenty of parking with attached 3 car garage and 3 large driveway parking spaces. On site landlord-owned laundry facility generates additional monthly income. Current actual gross income is: $77,400 / year. Pro-forma market rents approx: $97,200 / year. Ideal location west of the freeway is always easy to find great tenants. Great proximity to quaint downtown San Clemente, North Beach, train station, shopping, schools, freeway & all the world famous San Clemente Beaches. Low existing rents to prevailing market provides good upside rent potential. Operating expenses reflect revised estimated property tax amount of new purchase.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971
Lot Details
- 4,000 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 3 Open Parking Spaces
- 3 Car Garage
Interior Spaces
- 3,225 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 23 / 6
- Tax Tract Number 793
- Assessor Parcel Number 05715405
- $30 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Fuel Expense $1,800
- Insurance Expense $2,246
- Trash Expense $528
- Water Sewer Expense $1,800
- New Taxes Expense $17,453
- Operating Expense $24,427
- Gross Income $77,400
- Net Operating Income $52,973
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/22/2022 03/22/22 | Sold | $1,935,000 | +12.0% | $600 / Sq Ft | |
| 03/10/2022 03/10/22 | Pending | -- | -- | -- | |
| 03/01/2022 03/01/22 | For Sale | $1,728,000 | +142.5% | $536 / Sq Ft | |
| 11/05/2012 11/05/12 | Sold | $712,500 | +1.8% | $221 / Sq Ft | View Prior Sale |
| 09/12/2012 09/12/12 | Pending | -- | -- | -- | |
| 08/29/2012 08/29/12 | For Sale | $700,000 | -- | $217 / 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 | $20,395 | $2,053,437 | $1,873,697 | $179,740 |
| 2024 | $20,395 | $2,013,174 | $1,836,958 | $176,216 |
| 2023 | $19,963 | $1,973,700 | $1,800,939 | $172,761 |
| 2022 | $8,385 | $826,783 | $652,728 | $174,055 |
| 2021 | $8,223 | $810,572 | $639,929 | $170,643 |
| 2020 | $8,142 | $802,261 | $633,367 | $168,894 |
| 2019 | $7,982 | $786,531 | $620,948 | $165,583 |
| 2018 | $7,829 | $771,109 | $608,772 | $162,337 |
| 2017 | $7,676 | $755,990 | $596,836 | $159,154 |
| 2016 | $7,529 | $741,167 | $585,133 | $156,034 |
| 2015 | $7,415 | $730,034 | $576,343 | $153,691 |
| 2014 | $7,273 | $715,734 | $565,053 | $150,681 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Grange
-
Matthew Scott
M
Buyer's Agent in 2022
Matthew Scott
Keymara Property Management
(949) 600-8944
3 in this area
3 Total Sales
-
Kristina Lightman
Seller's Agent in 2012
Kristina Lightman
Seven Gables Real Estate
(714) 378-0919
108 Total Sales
-
J
Seller Co-Listing Agent in 2012
Joe Lightman
Seven Gables Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22038671
APN: 057-154-05
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.
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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