NOT LISTED FOR SALE

115 Avenida Miramar Unit A San Clemente, CA 92672

Central San Clemente Neighborhood

Estimated Value: $2,258,719

4 Beds
4 Baths
2,962 Sq Ft
$763/Sq Ft Est. Value

Last Sold January 04, 2021

Last sale price $2,055,000 $694 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $13,780/month

63 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Wood Frame Window
  • Las Palmas Elementary School Rated A-
  • Balcony
  • Crown Molding

About This Home

As of January 2021

PRIDE OF OWNERSHIP - Beautifully remodeled mixed-use / live-work 4-unit gorgeous Santa Barbara architecture style building in San Clemente. Conveniently located on the ocean side of the 5 freeway, this gorgeous building is just a stone’s throw from trendy downtown San Clemente, the beach and pier, making it a highly-coveted location for upscale owners & renters. Each unit has been beautifully upgraded throughout and attracting top-dollar. Custom kitchens in each unit include quartz countertops, designer glass tile backsplash, stainless-steel appliances and hood ranges. Hi-end vinyl plank flooring, recessed lighting, arched doorways, multiple deck, covered parking and lovely architecture add unique charm with a contemporary beach vibe. Two of the 1 bdrm units also include an added room which can be used as an office or den. An abundance of paned windows add gorgeous natural light, bringing in romantic ocean breezes. The bedrooms have walk-in closets. The bathrooms feature walk in showers with luxury rain shower heads for a spa-like experience. Every unit is beautiful! This income-producing property is a most rare & perfectly unique opportunity for the discrimination buyer who would like a turn-key property to enjoy for generations to come. Enjoy the laid back coastal lifestyle with this beauty!!!

Last Agent to Sell the Property

Martucci Angiano

First Team Real Estate License #01145304 Listed on: 10/02/2020

First Team Real Estate

Last Buyer's Agent

Martucci Angiano

First Team Real Estate License #01145304 Listed on: 10/02/2020

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,079

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • 4,000 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,962 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Awning
  • Wood Frame Window
  • Window Screens
  • Sliding Doors

Kitchen

  • Gas and Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Brick Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 9 / 3
  • Tax Tract Number 779
  • Assessor Parcel Number 05807228

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 1 Separate Water Meter
  • Electric Expense $420
  • Gardener Expense $1,200
  • Insurance Expense $3,500
  • Trash Expense $984
  • Water Sewer Expense $2,400
  • New Taxes Expense $12,900
  • Operating Expense $5,364
  • Gross Income $116,100
  • Net Operating Income $111,936

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,079

Year Built

Built in 2005 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.00
  • Other Phone Description: 714 330-7828
  • Other Phone Number: 714 330-7828
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: Mixed Use Buildings
  • Water Sewer Expenses: 2400.00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 05807228
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Crown Molding, Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 693.79
  • Room Type: Laundry
  • Window Features: Screens, Wood Frames

Exterior Features

  • Foundation: Slab
  • Exterior Features: Awning(s), Lighting, Rain Gutters
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Covered, Driveway - Brick, Off Street, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Trash Expense: 984.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0918

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 116100.00
  • Gross Scheduled Income: 116100.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 4000.0000 Square Feet
  • Net Operating Income: 111936.00
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Refrigerator: 4
  • Operating Expense: 5364.00
  • Rent Control: Yes
  • Total Expenses: 5364.00

Tax Info

  • New Taxes Expense: 12900.00
  • Tax Block: 3
  • Tax Census Tract: 421.08
  • Tax Lot: 9
  • Tax Tract Number: 779

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Dec 9, 2020
Sold by
Rodin Joyce A
Bought by
Mackinnon Scott and Mackinnon Sandra D
Seller's Agent
Martucci Angiano
First Team Real Estate
Buyer's Agent
Martucci Angiano
First Team Real Estate
List Price
$2,195,000
Sold Price
$2,055,000
Premium/Discount to List
-$140,000
-6.38%
Current Estimated Value
$2,258,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,719
Avg. Annual Appreciation
1.99%
Original Mortgage
$1,020,000
Outstanding Balance
$908,104
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$1,350,615

Purchase Details

Closed on
Jan 9, 2018
Sold by
Mirmar Group Re Inc
Bought by
Rodin Joyce A

Purchase Details

Closed on
Jul 1, 2004
Sold by
The New Miramar Partners Llc
Bought by
Miramar Group Re Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
5.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 2004
Sold by
The Miramar Consortium Llc
Bought by
The New Miramar Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
5.39%
Mortgage Type
Construction

Purchase Details

Closed on
May 5, 1999
Sold by
Morteza Aghavali
Bought by
The Miramar Consortium Llc

Purchase Details

Closed on
Apr 10, 1997
Sold by
Bloeser John I and Bloeser Gerald M
Bought by
Aghavali Morteza
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mackinnon Scott $2,055,000 Western Resources Title
Rodin Joyce A $1,250,000 Chicago Title
Miramar Group Re Inc -- Chicago Title
Miramar Group Re Inc $1,350,000 Chicago Title
The New Miramar Partners Llc $395,000 Chicago Title
The Miramar Consortium Llc $65,000 Old Republic Title Company
Aghavali Morteza $40,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mackinnon Scott $1,020,000
Previous Owner Miramar Group Re Inc $675,000
Previous Owner Miramar Group Re Inc $540,000
Previous Owner The New Miramar Partners Llc $665,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2021 01/04/21 Sold $2,055,000 -6.4% $694 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $2,195,000 -- $741 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $22,079 $2,224,397 $1,731,892 $492,505
2024 $22,079 $2,180,782 $1,697,933 $482,849
2023 $21,611 $2,138,022 $1,664,640 $473,382
2022 $21,200 $2,096,100 $1,632,000 $464,100
2021 $13,301 $1,313,973 $788,384 $525,589
2020 $13,169 $1,300,500 $780,300 $520,200
2019 $12,910 $1,275,000 $765,000 $510,000
2018 $16,418 $1,621,409 $1,142,654 $478,755
2017 $16,099 $1,589,617 $1,120,249 $469,368
2016 $15,790 $1,558,449 $1,098,284 $460,165
2015 $15,553 $1,535,040 $1,081,787 $453,253
2014 $15,257 $1,504,971 $1,060,596 $444,375
Source: Public Records

Agents Affiliated with this Home

  • Martucci Angiano

    Seller's Agent in 2021

    Martucci Angiano

    First Team Real Estate

    (949) 240-5995

    2 in this area

    50 Total Sales

    Martucci Angiano
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20196111

California Regional Multiple Listing Service (CRMLS)

APN: 058-072-28

California Orange County San Clemente 92672 Central San Clemente

115 Avenida Miramar Unit A, San Clemente, CA

This home is located at 115 Avenida Miramar Unit A, San Clemente, CA 92672 since 02 October 2020 and is currently estimated at $2,258,719, approximately $762 per square foot. This property was built in 2005. 115 Avenida Miramar Unit A is a home located in Orange County with nearby schools including Las Palmas 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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