NOT LISTED FOR SALE
6 Beds
3 Baths
2,166 Sq Ft
6,098 Sq Ft Lot

Last Sold August 16, 2023

Last sale price $1,850,000 $854 Per Sq Ft

82 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Peek-A-Boo Views
  • No HOA
  • Las Palmas Elementary School Rated A-
  • Property is near public transit
  • 5-minute walk to Max Berg Park

About This Home

As of August 2023

This triplex property is situated in the sought-after community of San Clemente, just a short distance from the beach and west of Pacific Coast Highway. The property boasts three separate units, each consisting of two bedrooms and one bathroom, making it an ideal living situation for small families, couples, or roommates. In addition to the cozy living spaces, the property offers the convenience of one car garage for each unit and an additional parking space, making parking a non-issue for tenants. The current rental rates are below market value, presenting a unique opportunity for investors to increase rental income and maximize returns. Don't miss out on the chance to own this attractive triplex property in a highly desirable location!

Last Agent to Sell the Property

Janet Montandon

First Team Real Estate License #01397515 Listed on: 04/20/2023

First Team Real Estate

Last Buyer's Agent

Jeffrey Jones

Jeffrey Jones, Broker License #01171833

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 2nd floor

Interior Spaces

  • 2,166 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Screens
  • Peek-A-Boo Views
  • Laundry Room

Kitchen

  • Convection Oven
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 47 / 13
  • Tax Tract Number 793
  • Assessor Parcel Number 05805161

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $57
  • Fuel Expense $221
  • Gardener Expense $2,080
  • Insurance Expense $2,151
  • Other Expense $920
  • Trash Expense $861
  • Water Sewer Expense $1,207
  • New Taxes Expense $23,800
  • Operating Expense $31,298
  • Gross Income $83,520
  • Net Operating Income $52,222

Property Details

Home Type

Multi-Family

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 3.40
  • Other Phone Description: Janet-Agent
  • Price Per Unit: 683333
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North West San Clemente
  • View: Yes
  • Water Sewer Expenses: 1207.30
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2080.00
  • Parcel Number: 05805161
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 854.11
  • Room Type: All Bedrooms Down
  • Window Features: Screens

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Disposal, Gas Water Heater, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 861.48
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400
  • Latitude Manual: 33.42841100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 722 Square Feet
  • Average2 Bed Area: 722 Square Feet
  • Average3 Bed Area: 722 Square Feet
  • Electric Expense: 57.01
  • Fuel Expense: 220.80
  • Gross Income: 83520.00
  • Gross Operating Income: 83520.00
  • Gross Scheduled Income: 83520.00
  • Insurance Expense: 2151.10
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 720.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 52222.25
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 31297.70
  • Other Expense: 920.00
  • Rent Control: Yes
  • Total Actual Rent: 7000.00
  • Total Expenses: 31297.57
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 23800.00
  • Tax Block: 13
  • Tax Lot: 47
  • Tax Tract Number: 793

Range of Values:

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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 Prior Sale
08/16/2023 08/16/23 Sold $1,850,000 -9.8% $854 / Sq Ft
07/12/2023 07/12/23 For Sale $2,050,000 +10.8% $946 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
07/06/2023 07/06/23 Off Market $1,850,000 -- --
06/08/2023 06/08/23 Price Changed $2,050,000 -8.9% $946 / Sq Ft
04/20/2023 04/20/23 For Sale $2,250,000 +157.1% $1,039 / Sq Ft
08/07/2014 08/07/14 Sold $875,000 -5.4% $404 / Sq Ft View Prior Sale
06/24/2014 06/24/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $925,000 -- $427 / 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: OC23063794

California Regional Multiple Listing Service (CRMLS)

APN: 058-051-61