$1,223,000
SOLD SEP 7, 2018
6 Beds
4 Baths
3,148 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$389 Per Sq Ft

13% Below List Price

53 Days on Market

Highlights

  • Ocean View
  • Fireplace in Primary Bedroom
  • No HOA
  • Clarence Lobo Elementary School Rated A-
  • Main Floor Bedroom
  • Balcony

About This Home

As of November 2020

Motivated Seller -Make tour offer on this Amazing Investment Opportunity!!! Rare almost 3500 sq ft Triplex.High Cap! Nestled in beautiful San Clemente is 1501 Avenida De La Estrella. This triplex features six bedrooms, four bathrooms, beautiful outdoor patio, wrap-around patio, laundry room, spacious two-car garage, plus much more! Adjacent to popular beaches, high-end shopping, and restaurants! Master suite has been remodeled, and features three large bedrooms, two bathrooms, and two beautiful fireplaces! Other units include: a spacious two-bedroom unit, with deck, and full kitchen. Studio is large, with a kitchen, and located off the outdoor patio. This is a wonderful investment opportunity! Showings are very easy, 1-2 usually only required !

Last Agent to Sell the Property

Michael Miller

Luxre Realty, Inc. License #01482159 Listed on: 06/04/2018

Luxre Realty, Inc.

Co-Listed By

Britt Fulton

Luxre Realty, Inc. License #02005946

Luxre Realty, Inc.

Last Buyer's Agent

Britt Fulton

Luxre Realty, Inc. License #02005946

Luxre Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 3,485 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Coastline
  • City Lights
  • Peek-A-Boo

Home Design

  • Triplex

Interior Spaces

  • 3,148 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Fire Pit

Additional Features

  • Suburban Location
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 2 / 6
  • Tax Tract Number 8
  • Assessor Parcel Number 05716203

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Trash Expense $250
  • Water Sewer Expense $1
  • New Taxes Expense $1,350
  • Operating Expense $17,200
  • Gross Income $70,540
  • Net Operating Income $88,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.30
  • Other Phone Number: 949-973-4492
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: SC - Central
  • View: Yes
  • Water Sewer Expenses: 1.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 05716203
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room, Master Bedroom, Gas, Fire Pit
  • Levels: Two
  • Price Per Square Foot: 388.50
  • Room Type: Kitchen, Laundry, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet

Exterior Features

  • View: City Lights, Coastline, Ocean, Peek-A-Boo, Water
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3485.00

Multi Family

  • Gross Income: 70540.00
  • Gross Scheduled Income: 88200.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 88200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 17200.00
  • Rent Control: No
  • Total Expenses: 17200.00

Tax Info

  • New Taxes Expense: 1350.00
  • Tax Block: 6
  • Tax Census Tract: 421.07
  • Tax Lot: 2
  • Tax Tract Number: 8

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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
03/09/2023 03/09/23 Rented $2,000 0.0% --
03/09/2023 03/09/23 Off Market $2,000 -- --
02/27/2023 02/27/23 For Rent $2,000 0.0% --
02/21/2023 02/21/23 Off Market $2,000 -- --
02/21/2023 02/21/23 For Rent $2,000 0.0% --
11/24/2020 11/24/20 Sold $1,280,525 -3.4% $407 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
10/06/2020 10/06/20 Price Changed $1,325,000 -0.3% $421 / Sq Ft
10/03/2020 10/03/20 Price Changed $1,329,500 -1.5% $422 / Sq Ft
09/28/2020 09/28/20 Price Changed $1,350,000 -1.8% $429 / Sq Ft
09/23/2020 09/23/20 Price Changed $1,375,000 -1.7% $437 / Sq Ft
09/18/2020 09/18/20 For Sale $1,399,000 +14.4% $444 / Sq Ft
09/07/2018 09/07/18 Sold $1,223,000 -5.9% $389 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
06/28/2018 06/28/18 Price Changed $1,299,000 -7.1% $413 / Sq Ft
06/04/2018 06/04/18 For Sale $1,399,000 -- $444 / 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: OC18133348

California Regional Multiple Listing Service (CRMLS)

APN: 057-162-03