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

Sale Details

Date 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 in unit
  • 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

4,000 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2020
Sold by
Bought by

Purchase Details

Listed on
Nov 9, 2016
Closed on
Dec 20, 2016
Sold by
Bought by
Seller's Agent
Doug Echelberger
Inhabit Collective
Buyer's Agent
Cindy McCormick
THE brokeredge
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%

Purchase Details

Closed on
Aug 12, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- Pacific Coast Title Company
$1,450,000 Pacific Coast Title Company
$165,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $250,000
Previous Owner $942,500
Previous Owner $360,000
Previous Owner $720,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)
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