Seller's Agent in 2013
Alan Bynder
Bynder, Alan
(949) 640-3722
2 Total Sales
135 Avenida Algodon San Clemente, CA 92672
Central San Clemente Neighborhood
1
Bed
1
Bath
6,085
Sq Ft
0.42
Acres
Highlights
- Wood Siding
- Clarence Lobo Elementary School Rated A-
- No Heating
About This Home
As of February 2013The Algodon Motel consists of 19 Units. The property is a hybrid of short term occupancy motel and extended stay occupancy. The facility is currently 100% occupied and maintains an occupancy rate of nearly 95% on a consistent basis. The property is being offered with the house next door at 1231 Avenida Algodon. The home is 1157 square feet, and the lot size is 6000. The motel is currently occupied by longer term tenants that stay in excess of thirty days on average. The Algodon is a charming adobe style architecture located close to the restaurants and shops on Del Mar Avenue. The current cap rate is approximately 8% per the information provided by the seller. It is a perfect opportunity for an owner operator, with tremendous upside potential. The City of San Clemente planning department has indicated that the property can be developed as residential income, senior housing, affordable housing, or can be a motel.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 0.42
Parking
- 14 Parking Spaces
Home Design
- 6,085 Sq Ft Home
- Brick Exterior Construction
- Wood Siding
- Stucco
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 7-1
- Tax Tract Number 785
Community Details
Overview
- 19 Units
Building Details
- Cable TV Expense $2,128
- Electric Expense $12,384
- Gardener Expense $100
- Insurance Expense $912
- Supplies Expense $2,128
- Trash Expense $3,197
- Water Sewer Expense $5,278
- New Taxes Expense $15,950
- Gross Income $16,833
- Net Operating Income $105,615
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 20, 2016
Sold by
Gen Cord Corporation
Bought by
Roxy Properties Llc
Purchase Details
Closed on
Nov 20, 2002
Sold by
Krall Don
Bought by
Terrill G Sherman
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 15, 2002
Sold by
Seller Marietta
Bought by
Terrill G Sherman
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2001
Sold by
Einsel Lewis D and Einsel Naomi J
Bought by
Krall Don
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,500
Interest Rate
6.9%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Roxy Properties Llc | -- | California Title Company | |
| Terrill G Sherman | $975,000 | -- | |
| Terrill G Sherman | -- | -- | |
| Krall Don | $635,000 | Commonwealth Land Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Terrill G Sherman | $550,000 | |
| Previous Owner | Krall Don | $571,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2013 02/28/13 | Sold | $1,050,000 | -34.2% | $173 / Sq Ft |
| 12/06/2012 12/06/12 | Pending | -- | -- | -- |
| 09/10/2012 09/10/12 | For Sale | $1,595,000 | -- | $262 / 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 | $10,165 | $1,022,078 | $923,569 | $98,509 |
| 2024 | $10,165 | $1,002,038 | $905,460 | $96,578 |
| 2023 | $9,950 | $982,391 | $887,706 | $94,685 |
| 2022 | $9,760 | $963,129 | $870,300 | $92,829 |
| 2021 | $9,572 | $944,245 | $853,236 | $91,009 |
| 2020 | $9,477 | $934,563 | $844,487 | $90,076 |
| 2019 | $9,291 | $916,239 | $827,929 | $88,310 |
| 2018 | $9,112 | $898,274 | $811,695 | $86,579 |
| 2017 | $8,934 | $880,661 | $795,779 | $84,882 |
| 2016 | $8,763 | $863,394 | $780,176 | $83,218 |
| 2015 | $8,631 | $850,426 | $768,458 | $81,968 |
| 2014 | $8,466 | $833,768 | $753,405 | $80,363 |
Source: Public Records
Agents Affiliated with this Home
-
Alan Bynder
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S711642
APN: 058-094-11
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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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