NOT LISTED FOR SALE
7 Beds
6 Baths
3,016 Sq Ft
1964 Built

Last Sold March 27, 2017

Last sale price $1,199,000 $398 Per Sq Ft

5 Days on Market

Highlights

  • Ocean View
  • Las Palmas Elementary School Rated A-
  • 4-minute walk to Max Berg Park

About This Home

As of March 2017

Great 3-unit building in San Clemente with over 3000SF, located just blocks from beach!! Upside income potential with Pro-Forma estimated rents at $77,640/YR (including coin laundry income). Big units with a 3 bedroom/2 bath unit, and Two- 2 bedroom/2 bath units. Great Ocean Views from the top units! All separately metered utilities with coin laundry. Large common area courtyard in the middle of the building, and big carports with 2 parking spaces for each unit. Big upside with this building!! Located just minutes to beaches, Downtown San Clemente restaurants and shopping. Great schools and parks nearby. Very tough to find today, and great building for investors and owner-users to live in one and rent out the others. Hurry on this one!!

Last Agent to Sell the Property

Bill Conrad

Conrad Realtors Inc License #01461548 Listed on: 02/20/2017

Co-Listed By

Jeremy Conrad

Conrad Realtors Inc License #01279209

Last Buyer's Agent

Steve Celotto

Coldwell Banker Realty License #00628584

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 3,933 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,016 Sq Ft Home
  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 793
  • Assessor Parcel Number 69239536

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $650
  • Insurance Expense $1,650
  • Water Sewer Expense $3,600
  • New Taxes Expense $11,990
  • Operating Expense $17,250
  • Gross Income $61,080
  • Net Operating Income $43,830

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 3.70
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 69239536
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 397.55

Exterior Features

  • View: Ocean, Water
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3933.00

Multi Family

  • Electric Expense: 650.00
  • Gross Income: 61080.00
  • Gross Scheduled Income: 61080.00
  • Insurance Expense: 1650.00
  • Laundry Income: 840.00
  • Net Operating Income: 43830.00
  • 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: 17250.00
  • Other Income Description: Coin Laundry Income - $840/YR
  • Rent Control: No
  • Total Actual Rent: 60240.00
  • Total Expenses: 17250.00

Tax Info

  • New Taxes Expense: 11990.00
  • Tax Census Tract: 421.07
  • Tax Lot: 15
  • Tax Tract Number: 793

Range of Values:

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Average Value
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List Price
Sold Price
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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
03/27/2017 03/27/17 Sold $1,199,000 0.0% $398 / Sq Ft
02/25/2017 02/25/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $1,199,000 -- $398 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17033696

California Regional Multiple Listing Service (CRMLS)

APN: 692-395-36