NOT LISTED FOR SALE
10 Beds
5 Baths
4,160 Sq Ft
5,911 Sq Ft Lot

Last Sold June 21, 2017

Last sale price $1,535,000 $369 Per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 2-minute walk to Max Berg Park
  • Las Palmas Elementary School Rated A-

About This Home

As of June 2017

PRICE REDUCTION! Built in 1965, the subject property sits atop a 6,061 square-foot lot and features 4,160 rentable space including two spacious, two-car garages in the heart of San Clemente. The floor plan consists of one, three-bedroom /one-and-threequarter-bath unit one, three-bedroom/one-bath unit and two, two-bedroom/one-bath units. The common area of the building includes an on-site laundry facility. Recent upgrades to West Canada include: new 100 gallon water heater, new sheathing and deck surface over the garage and new exterior painting. Its central location allows for the property to be within walking distance of many of San Clemente’s treasures such as Max Berg Plaza Park, Downtown San Clemente and San Clemente Pier. Las Palmas Elementary School and San Clemente High School are less than two-miles away making this location highly sought after by families. **Rent increase take effect April 1, 2017**

Last Agent to Sell the Property

John Reinhardt

Marcus & Millichap RE Invest License #01027118 Listed on: 05/01/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,911 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,160 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 43 / 13
  • Tax Tract Number 793
  • Assessor Parcel Number 05805165

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $591
  • Insurance Expense $1,456
  • Trash Expense $848
  • Water Sewer Expense $3,537
  • New Taxes Expense $16,697
  • Operating Expense $27,542
  • Gross Income $1,050
  • Net Operating Income $55,708

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.38
  • Property Attached: No
  • Water Sewer Expenses: 3537.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 05805165
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 368.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 848.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5911.00

Multi Family

  • Electric Expense: 591.00
  • Gross Income: 1050.00
  • Gross Scheduled Income: 82200.00
  • Insurance Expense: 1456.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1050.00
  • Net Operating Income: 55708.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27542.00
  • Operating Expense Percent: 41.90
  • Rent Control: No
  • Total Actual Rent: 75000.00
  • Total Expenses: 27542.00

Tax Info

  • New Taxes Expense: 16697.00
  • Tax Block: 13
  • Tax Lot: 43
  • Tax Tract Number: 793

Range of Values:

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Value 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
06/21/2017 06/21/17 Sold $1,535,000 -7.0% $369 / Sq Ft
05/01/2017 05/01/17 For Sale $1,650,000 -- $397 / Sq Ft
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 $17,356 $1,746,566 $1,601,034 $145,532
2024 $17,356 $1,712,320 $1,569,641 $142,679
2023 $16,989 $1,678,746 $1,538,864 $139,882
2022 $16,665 $1,645,830 $1,508,690 $137,140
2021 $16,344 $1,613,559 $1,479,108 $134,451
2020 $16,181 $1,597,014 $1,463,941 $133,073
2019 $16,179 $1,597,014 $1,463,941 $133,073
2018 $15,869 $1,565,700 $1,435,236 $130,464
2017 $4,339 $425,740 $241,647 $184,093
2016 $4,256 $417,393 $236,909 $180,484
2015 $4,191 $411,124 $233,351 $177,773
2014 $4,110 $403,071 $228,780 $174,291
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17096351

California Regional Multiple Listing Service (CRMLS)

APN: 058-051-65