$2,125,000
SOLD OCT 15, 2024
6 Beds
6 Baths
3,692 Sq Ft
4,173 Sq Ft Lot

Recently Sold

$576 Per Sq Ft

1% Below List Price

11 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Highway 1
  • Wood Flooring
  • Las Palmas Elementary School Rated A-
  • Open Floorplan
  • 2-minute walk to Max Berg Park

About This Home

As of October 2024

Turnkey duplex with many exquisite upgrades throughout and in a highly desirable location! Perfectly positioned to capture the essence of coastal living being within walking distance to the beach and the San Clemente Beach Trail, and nearby to the Pier and downtown San Clemente with many eclectic shops and restaurants. Whether you are looking for a full-time residence or a second home to live in one unit and rent out the other, or a beautifully updated investment opportunity, this duplex offers both versatility and coastal charm in an incredible, sought-after location. Meticulously maintained and thoughtfully designed to maximize space, each unit offers 3 bedrooms, 3 bathrooms, direct access to a 2-car tandem garage, and individual interior laundry. Recently updated in 2024, Unit A is the front unit of the building offering luxury living with superior finishes, elegant fixtures, and high-end appliances. This includes quartz counters, French oak hardwood flooring, custom lighting, Thermador and Z-Line appliances. The charming coastal aesthetic is complimented by an open concept living space bathed in natural light, two balconies with peek ocean views, and a phenomenal kitchen. Further refinements throughout Unit A include a new electric panel, a Moen smart water-valve and leak detection system, EV-charger ready, new interior paint, a monitored security system, and a polished concrete garage floor. Unit B is located at the back of the building and has also been very well maintained over the years and features an updated kitchen in 2020 with shaker cabinetry, quartz counters, a subway tile backsplash, and stainless-steel appliances. Refreshing coastal breezes can be enjoyed on the balcony with a peek ocean view or in the private and spacious backyard patio ideal for relaxing, al fresco dining, or hosting. Offering the perfect blend of convenience, appeal, and proximity to the beach, this coastal gem is a must-see!

Last Agent to Sell the Property

Jeremy Conrad

Conrad Realtors Inc Brokerage Phone: 949-697-0721 License #01279209 Listed on: 09/12/2024

Co-Listed By

Bill Conrad

Conrad Realtors Inc Brokerage Phone: 949-697-0721 License #01461548

Last Buyer's Agent

Ryan Schramm

Ryan Schramm Real Estate License #01851291

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 4,173 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Rectangular Lot

Parking

  • 4 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Tandem Garage
  • Two Garage Doors
  • Driveway

Property Views

  • Ocean
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Duplex
  • Turnkey
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,692 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Mirrored Closets Doors
  • 6 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Living Room Balcony

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 26 / 12
  • Tax Tract Number 793
  • Assessor Parcel Number 69239554
  • $41 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,500
  • Other Expense $4,500
  • New Taxes Expense $21,500
  • Operating Expense $28,500
  • Gross Income $121,200
  • Net Operating Income $92,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1980 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.31
  • Price Per Unit: 1075000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 69239554
  • Year Built: 1980
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Living Room Balcony, Open Floorplan, Quartz Counters, Recessed Lighting, Stone Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 575.57

Exterior Features

  • View: Neighborhood, Ocean, Peek-A-Boo
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage, Garage Faces Front, Garage - Two Door, Tandem Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Range Hood
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Rectangular Lot
  • Lot Size Sq Ft: 4173.00
  • Lot Size Acres: 0.0958

Multi Family

  • Gross Income: 121200.00
  • Gross Scheduled Income: 121200.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 4173.0000 Square Feet
  • Net Operating Income: 92700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 28500.00
  • Other Expense: 4500.00
  • Rent Control: No
  • Total Expenses: 28500.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 21500.00
  • Tax Block: 12
  • Tax Census Tract: 421.07
  • Tax Lot: 26
  • Tax Tract Number: 793
  • TaxOtherAnnualAssessmentAmount: 41.00

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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 Change Sq Ft Price
10/15/2024 10/15/24 Sold $2,125,000 -1.2% $576 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $2,150,000 0.0% $582 / Sq Ft
07/16/2012 07/16/12 Rented $2,500 0.0% --
07/13/2012 07/13/12 Under Contract -- -- --
07/01/2012 07/01/12 For Rent $2,500 -- --
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: OC24184437

California Regional Multiple Listing Service (CRMLS)