NOT LISTED FOR SALE
8 Beds
4 Baths
4,200 Sq Ft
4,000 Sq Ft Lot

Last Sold December 30, 2016

Last sale price $1,450,000 $345 Per Sq Ft

26 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Custom Home
  • Property is near park
  • Las Palmas Elementary School Rated A-
  • City Lights View
  • 1-minute walk to Max Berg Park

About This Home

As of December 2016

A beach-close duplex in Central San Clemente offers great investment potential. Each unit is well-appointed and spacious encompassing approximately 2,100 square feet (a total of 4,200 square feet) within four bedrooms and two-and-one-half baths. Each unit offers a large kitchen, cherry wood cabinetry, mahogany granite countertops, and stainless steel appliances. Upgraded features include recessed lighting, a designer fireplace with a blower, large balcony, marble floors in the entryways, powder rooms, and DuPont hardwood flooring in the living room, dining room, and bedrooms. The owner's suites each showcase a jetted soaking tub and full shower. A laundry room is present on each floor. Amenities are rounded out by deep 2-car tandem garages with ample built-in storage. Enjoy peek-a-boo ocean views from the top unit. The total lot size is approximately 4,000 square feet.

Last Agent to Sell the Property

Doug Echelberger

Inhabit Collective License #01176379 Listed on: 11/09/2016

Inhabit Collective

Last Buyer's Agent

Cindy McCormick

THE brokeredge License #01242794

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,183

Year Built

  • Built in 2005

Lot Details

  • 4,000 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Custom Home
  • Spanish Tile Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Storage

Kitchen

  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Location

  • Property is near park
  • Suburban Location

Additional Features

  • Ocean Side of Highway 1
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 23 / 12
  • Tax Tract Number 793
  • Assessor Parcel Number 69239551

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $400
  • Trash Expense $800
  • Water Sewer Expense $1,200
  • New Taxes Expense $14,950
  • Gross Income $6,000
  • Net Operating Income $52,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,183

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.50
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Custom Built
  • Property Type: Residential Income
  • Parcel Number: 69239551
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 345.24
  • Room Type: Living Room

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No
  • Roof: Spanish Tile
  • Construction Materials: Stone, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Single Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby, Paved
  • Lot Size Sq Ft: 4000.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 6000.00
  • Gross Multiplier: 20.76
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 400.00
  • Net Operating Income: 52605.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 19395.00
  • Rent Control: No
  • Total Actual Rent: 6000.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 14950.00
  • Tax Block: 12
  • Tax Lot: 23
  • Tax Tract Number: 793
  • Tax Annual Amount: 7183.00
  • Tax Year: 2014

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/30/2016 12/30/16 Sold $1,450,000 -3.0% $345 / Sq Ft
11/09/2016 11/09/16 For Sale $1,495,000 0.0% $356 / Sq Ft
05/15/2012 05/15/12 Rented $2,700 0.0% --
05/15/2012 05/15/12 Under Contract -- -- --
04/17/2012 04/17/12 For Rent $2,700 -- --
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 $16,729 $1,682,847 $1,080,331 $602,516
2024 $16,729 $1,649,850 $1,059,148 $590,702
2023 $16,375 $1,617,500 $1,038,380 $579,120
2022 $16,063 $1,585,785 $1,018,020 $567,765
2021 $15,753 $1,554,692 $998,059 $556,633
2020 $15,588 $1,538,751 $987,825 $550,926
2019 $15,281 $1,508,580 $968,456 $540,124
2018 $14,988 $1,479,000 $949,466 $529,534
2017 $14,696 $1,450,000 $930,849 $519,151
2016 $7,436 $731,987 $201,871 $530,116
2015 $7,324 $720,992 $198,838 $522,154
2014 $7,183 $706,869 $194,943 $511,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16743558

California Regional Multiple Listing Service (CRMLS)