NOT LISTED FOR SALE
4 Beds
4 Baths
1,951 Sq Ft
5,227 Sq Ft Lot Lot

Sale Details

Date Sold: June 9, 2017

Last sale price $1,295,000 $664 Per Sq Ft

28 Days on Market

Highlights

  • No Units Above
  • Contemporary Architecture
  • No HOA
  • Clarence Lobo Elementary School Rated A-
  • Granite Countertops
  • Neighborhood Views

About This Home

As of June 2017

This fully-remodeled, turn-key property is located in a prime San Clemente location west of the I-5 freeway and south of Avenida Del Mar, just around the corner from Starbucks Coffee and within walking distance to the beach and Downtown San Clemente. The owner spared no expense in renovating this 4-unit property which is completely new from top to bottom. Brand new roof with 10-year warranty, brand new stucco and paint, new copper piping throughout, all low-flow plumbing, granite countertops in all kitchens and bathrooms, all new windows, stainless steel appliances throughout, porcelain tile flooring, low maintenance yard with drip system, 4-car covered car port with individual storage for each unit and more. This is the lowest priced conforming 4-unit building in San Clemente! Great rents and very low maintenance. This property will not last long!

Last Agent to Sell the Property

Mark Thompson

Real California Realty License #02027007 Listed on: 03/23/2017

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Landscaped
  • Front Yard

Home Design

  • Contemporary Architecture
  • Cottage
  • Apartment
  • Flat Roof Shape

Interior Spaces

  • 1,951 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Recessed Lighting
  • Tile Flooring
  • Neighborhood Views

Kitchen

  • Built-In Range
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms
  • Low Flow Plumbing Fixtures

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Paved Parking

Accessible Home Design

  • Doors swing in
  • Accessible Parking

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 05809413

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
  • Gardener Expense $960
  • Insurance Expense $1,300
  • Trash Expense $900
  • Water Sewer Expense $1,330
  • New Taxes Expense $16,000
  • Operating Expense $20,490
  • Gross Income $83,400
  • Net Operating Income $62,910

Property Details

Home Type

Multi-Family

Year Built

Built in 1974 | Remodeled

Lot Details

5,227 Sq Ft Lot

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1330.00
  • Architectural Style: Contemporary, Cottage
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 05809413
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Granite Counters, Recessed Lighting, Stone Counters, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Tile
  • Accessibility Features: Doors - Swing In, Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 663.76

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Concrete
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Freezer, Disposal, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Green Water Conservation: Flow Control
  • Efficiency: Appliances, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 5227.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 83400.00
  • Gross Scheduled Income: 83400.00
  • Insurance Expense: 1300.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 180.00
  • Net Operating Income: 62910.00
  • 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
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 20490.00
  • Operating Expense Percent: 24.60
  • Rent Control: No
  • Total Actual Rent: 6950.00
  • Total Expenses: 20490.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Census Tract: 421.03
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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
06/09/2017 06/09/17 Sold $1,295,000 -3.0% $664 / Sq Ft
05/01/2017 05/01/17 For Sale $1,335,000 0.0% $684 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
04/13/2017 04/13/17 Price Changed $1,335,000 0.0% $684 / Sq Ft
04/13/2017 04/13/17 For Sale $1,335,000 -1.1% $684 / Sq Ft
03/31/2017 03/31/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $1,350,000 +70.9% $692 / Sq Ft
11/25/2015 11/25/15 Sold $790,000 -9.1% $405 / Sq Ft View Prior Sale
10/13/2015 10/13/15 Pending -- -- --
08/24/2015 08/24/15 For Sale $869,000 -- $445 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,940 $1,502,956 $1,384,584 $118,372
2024 $14,940 $1,473,487 $1,357,436 $116,051
2023 $14,624 $1,444,596 $1,330,820 $113,776
2022 $14,346 $1,416,271 $1,304,725 $111,546
2021 $14,069 $1,388,501 $1,279,142 $109,359
2020 $13,929 $1,374,264 $1,266,026 $108,238
2019 $13,655 $1,347,318 $1,241,202 $106,116
2018 $13,393 $1,320,900 $1,216,864 $104,036
2017 $8,183 $805,800 $682,888 $122,912
2016 $8,027 $790,000 $669,498 $120,502
2015 $3,217 $314,870 $184,645 $130,225
2014 $3,154 $308,703 $181,028 $127,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17060464

California Regional Multiple Listing Service (CRMLS)

APN: 058-094-13

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