NOT LISTED FOR SALE
8 Beds
4 Baths
4,138 Sq Ft
5,960 Sq Ft Lot

Last Sold May 03, 2013

Last sale price $985,000 $238 Per Sq Ft

40 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Las Palmas Elementary School Rated A-
  • Central Heating
  • 5-minute walk to Max Berg Park

About This Home

As of May 2013

Just a few blocks from the Beach! This Fourplex is a townhome style. Great location near the San Clemente Pier. Nice Neighborhood, Close to school and shopping center. Many parkings along the street. All of the Units are 2 Bedroom, 1.5 Bath. Spiral stair case, enclosed patio. Totally Rennovated Freshly new inside-out paint. New Kitchen & Bathrooms. Coin Laundry is located end units. Separate Gas & Electric meter for each unit. Very good tenant. This is STANDARD SALE, Total ACTUAL Monthly Rent is $5,600.00 plus coin laundry around $70.00/mo. Landlord pay for Water, Trash, Gardener, gas for water heater with a total average of $230/mo., Tenant pay for their own Electric and Gas for inside unit.

Last Agent to Sell the Property

Diane Truong

Simple Life Inc License #01377876 Listed on: 03/07/2013

Last Buyer's Agent

Jeff Lawson

Keller Williams Realty License #01357726

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,960 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,138 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for ada upgrades, cable TV, electricity, gas, janitorial service, repairs
  • Assessor Parcel Number 05805117

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $720
  • Trash Expense $360
  • Water Sewer Expense $240
  • Gross Income $5,600
  • Net Operating Income $64,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 5.90
  • Price Per Unit: 275000
  • Property Attached: Yes
  • Water Sewer Expenses: 240.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 05805117
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 238.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5960.00
  • Lot Size Acres: 0.1370

Rental Info

  • Tenant Pays: ADA Upgrades, Cable TV, Electricity, Gas, Janitorial Service, Repairs

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 5600.00
  • Gross Multiplier: 6.16
  • Gross Scheduled Income: 67200.00
  • Lot Size Area: 5960.0000 Square Feet
  • Net Operating Income: 64920.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2880.00
  • Rent Control: No
  • Total Actual Rent: 5600.00

Tax Info

  • Tax Year: 2011

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
05/03/2013 05/03/13 Sold $985,000 -10.5% $238 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
03/07/2013 03/07/13 For Sale $1,100,000 -- $266 / 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: PW13039149

California Regional Multiple Listing Service (CRMLS)

APN: 058-051-17