$2,845,000
SOLD DEC 1, 2025
9 Beds
8 Baths
4,000 Sq Ft
10,000 Sq Ft Lot

Recently Sold

$711 Per Sq Ft

2% Below List Price

13 Days on Market

Highlights

  • Ocean View
  • Fishing
  • Ocean Side of Highway 1
  • Las Palmas Elementary School Rated A-
  • No Units Above
  • Property is near park and public transit

About This Home

As of December 2025

Opportunity knocks in Coastal San Clemente, known as the "Spanish Village by the Sea." A rare opportunity to own a large custom fourplex built to *condo specs*. However, it doesn't stop there; you have approximately *3,000sqft* of unused land behind the fourplex, extending to the street above (Del Reposo). So many possibilities with endless potential. Great for a custom private *ADU* with the potential to have harbor and north coast views.
The fourplex is comprised of (1) large 3 bd/2 unit with a fireplace and a private enclosed patio, and the other (3) units are large 2 bed/2 bath units. Each unit has its own private in-unit laundry and an attached 2-car garage. Additionally, there is an unused communal laundry room with a private entrance, which could offer another opportunity for rental income if converted into a *Jr ADU*.
Location is key! 137 Ave Florencie is at the center of it all, a short distance from downtown San Clement with its vibrant social scene and excellent restaurants. Or just a few blocks from Ole Hanson Beach Club, North Beach, and the San Clemente Metrolink train station.- income is projection of market rent .

Last Agent to Sell the Property

Eralyn Brand

Luxre Realty, Inc. Brokerage Email: eralynbret4@yahoo.com License #01909572 Listed on: 09/30/2025

Luxre Realty, Inc.

Last Buyer's Agent

Annie Clougherty

Compass License #01716801

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 10,000 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Landscaped
  • Paved or Partially Paved Lot
  • Gentle Sloping Lot
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors

Property Views

  • Ocean
  • Coastline
  • Bay
  • Harbor
  • City Lights
  • Peek-A-Boo
  • Mountain
  • Neighborhood

Home Design

  • Spanish Architecture
  • Quadruplex
  • Entry on the 2nd floor
  • Tile Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Location

  • Property is near park and public transit

Utilities

  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 9 / 4
  • Tax Tract Number 820
  • Assessor Parcel Number 69236114

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Built by Cornwell
  • Custom

Recreation

  • Fishing
  • Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • Operating Expense $6,000
  • Gross Income $172,500
  • Net Operating Income $128,816

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Spanish
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 69236114
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 711.25
  • Room Type: Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom

Exterior Features

  • View: Bay, City Lights, Coastline, Harbor, Mountain(s), Neighborhood, Ocean, Peek-A-Boo, Water
  • Builder Name: Cornwell
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Side, Garage - Two Door
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Hiking, Park, Watersports, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Gentle Sloping, Landscaped, Lawn, Lot 10000-19999 Sqft, Near Public Transit, Park Nearby, Paved
  • Lot Size Sq Ft: 10000.00
  • Lot Size Acres: 0.2296

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 172500.00
  • Gross Operating Income: 167316.00
  • Gross Scheduled Income: 172500.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 10000.0000 Square Feet
  • Net Operating Income: 128816.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Operating Expense: 38500.00
  • Operating Expense Percent: 22.00
  • Rent Control: No
  • Total Expenses: 6000.00
  • Vacancy Allowance Rate: 3.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 4
  • Tax Lot: 9
  • Tax Tract Number: 820
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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 List to Sale Price per Sq Ft
12/01/2025 12/01/25 Sold $2,845,000 -1.7% $711 / Sq Ft
10/13/2025 10/13/25 Pending -- -- --
09/30/2025 09/30/25 For Sale $2,895,000 -- $724 / 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 $7,816 $784,488 $314,674 $469,814
2024 $7,816 $769,106 $308,504 $460,602
2023 $7,650 $754,026 $302,455 $451,571
2022 $7,505 $739,242 $296,525 $442,717
2021 $7,360 $724,748 $290,711 $434,037
2020 $7,283 $717,317 $287,730 $429,587
2019 $7,140 $703,252 $282,088 $421,164
2018 $7,003 $689,463 $276,557 $412,906
2017 $6,866 $675,945 $271,135 $404,810
2016 $6,735 $662,692 $265,819 $396,873
2015 $6,633 $652,738 $261,826 $390,912
2014 $6,506 $639,952 $256,697 $383,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25222697

California Regional Multiple Listing Service (CRMLS)

APN: 692-361-14