NOT LISTED FOR SALE
7 Beds
7 Baths
5,242 Sq Ft
8,712 Sq Ft Lot

Last Sold October 07, 2016

Last sale price $1,720,000 $328 Per Sq Ft

35 Days on Market

Highlights

  • Two Primary Bedrooms
  • Open Floorplan
  • Cathedral Ceiling
  • Las Palmas Elementary School Rated A-
  • Canyon View
  • Mediterranean Architecture

About This Home

As of October 2016

RARE BEAUTY! RARE FIND!...Original home was built in 1963 and rebuilt through city permits in 1992 to this beautiful Mediterranean style 4-plex of approximately 5242 sq ft. Building is L-shaped and sits on canyon. THREE 2 bedroom 2 bath, One 1 Bedroom 1 Bath with 8 car garages. All units are quite large and wonderfully laid out complete with own full size laundry hookups and appliances (ie. refrigerator, dishwasher, stove, microwave, washer, dryer) Each have their own utility meters (ie. water,gas,electric). Back three units have very large decks/patios. Owners unit has vaulted ceilings, fireplace & custom cabinetry in living room & bedrooms as well as 3 car garage. All units have original tile, counter tops and cabinetry in excellent condition. True 'Pride of Ownership' has maintained this property extremely well with little to no deferred maintenance. With careful attention to detail, this building is solid! ...Within walking distance to beach and downtown San Clemente.

Last Agent to Sell the Property

Michelle Johnson

Conrad Realtors Inc License #01315411 Listed on: 10/26/2015

Last Buyer's Agent

Michelle Johnson

Conrad Realtors Inc License #01315411 Listed on: 10/26/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Assigned Parking

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Spanish Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,242 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Awning
  • French Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Living Room Balcony
  • Canyon Views
  • Sump Pump

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Double Master Bedroom
  • Multi-Level Bedroom
  • Walk-In Closet
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 28
  • Tax Tract Number 793
  • Assessor Parcel Number 05813307

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $180
  • Gardener Expense $1,428
  • Insurance Expense $2,400
  • Trash Expense $820
  • Water Sewer Expense $240
  • New Taxes Expense $19,800
  • Gross Income $7,850
  • Net Operating Income $68,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 3.78
  • Other Phone Description: (949)291-0193
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 240.00
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Gardener Expense: 1428.00
  • Parcel Number: 05813307
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceramic Counters, Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached, Open Floorplan, Sump Pump
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: French Doors
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 328.12
  • Room Type: Multi-Level Bedroom, Walk-In Closet, Two Masters
  • Window Features: Skylight(s)

Exterior Features

  • Exterior Features: Awning(s), Lighting
  • View: Canyon
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Garage, Garage - Single Door, Garage - Three Door, Garage - Two Door
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Disposal, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Trash Expense: 820.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8712.00
  • Price Per Lot Square Foot: 206.61
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 7850.00
  • Gross Scheduled Income: 94200.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 68200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 3
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 26000.00
  • Rent Control: No
  • Total Actual Rent: 7850.00

Tax Info

  • New Taxes Expense: 19800.00
  • Tax Lot: 28
  • 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
10/07/2016 10/07/16 Sold $1,720,000 -4.4% $328 / Sq Ft
11/30/2015 11/30/15 Pending -- -- --
10/26/2015 10/26/15 For Sale $1,800,000 -- $343 / 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: OC15237342

California Regional Multiple Listing Service (CRMLS)

APN: 058-133-07