NOT LISTED FOR SALE
7 Beds
7 Baths
3,332 Sq Ft
3,920 Sq Ft Lot

Sale Details

Date Sold: May 15, 2023

Last sale price $1,950,000 $585 Per Sq Ft

6 Days on Market

Highlights

  • Ocean View
  • Spanish Architecture
  • Hiking Trails
  • Las Palmas Elementary School Rated A-
  • No HOA
  • 3-minute walk to Max Berg Park

About This Home

As of May 2023

Welcome to a rare and unique investment opportunity in the heart of San Clemente! This beach-close multi-family residential building features four units and is a great opportunity for anyone looking to invest in Southern California real estate. The building is located in Central San Clemente, just steps away from the ocean, and offers stunning ocean views from the upper unit's deck. This is a fantastic location for tenants who want to live in a desirable coastal community with easy access to the beach, shops, and restaurants. The building boasts 3,332 square feet of living space on a lot of 3,920 square feet. The four units include three 2-bedroom, 1.5-bathroom units, and one studio. Each unit has been well-maintained and features functional layouts, making them perfect for tenants looking for comfortable and convenient living spaces. The upper unit's deck is an ideal spot for tenants to relax and soak up the sun while enjoying stunning ocean views. The property also includes a private outdoor space, which provides tenants with an opportunity to enjoy the beautiful Southern California weather. This multi-family residential building presents a great opportunity for investors looking to increase their rental property portfolio. With the current high demand for housing in San Clemente, this property is well-positioned to generate a steady income stream. Additionally, this investment offers the potential for long-term capital appreciation due to the property's prime location and the strong demand for real estate in San Clemente. In summary, this rare beach-close investment opportunity in Central San Clemente is a fantastic chance for anyone looking to invest in Southern California real estate. With its four units, ocean views, and desirable location, this multi-family residential building is an ideal investment for anyone looking to generate a steady income stream while enjoying long-term capital appreciation potential. Don't miss out on this unique investment opportunity!

Last Agent to Sell the Property

Doug Echelberger

Inhabit Collective License #01176379 Listed on: 03/24/2023

Inhabit Collective

Last Buyer's Agent

Jordan Bennett

Regency Real Estate Brokers License #01850869

Regency Real Estate Brokers
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 3,920 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence

Parking

  • 3 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Driveway Level
  • Assigned Parking

Property Views

  • Ocean
  • Peek-A-Boo
  • Hills
  • Neighborhood

Home Design

  • Triplex
  • Spanish Architecture
  • Flat Roof Shape
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,332 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Sliding Doors
  • Entryway
  • Living Room

Kitchen

  • Built-In Range
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Mirrored Closets Doors
  • 7 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 45
  • Tax Tract Number 793
  • Assessor Parcel Number 69207324

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $3,500
  • Trash Expense $700
  • Water Sewer Expense $1,800
  • New Taxes Expense $18,950
  • Operating Expense $26,150
  • Gross Income $114,000
  • Net Operating Income $89,050

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

3,920 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 4.70
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: /
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Spanish
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 69207324
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Pantry, Tile Counters
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone, Tile
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Levels: Three Or More
  • Price Per Square Foot: 585.23
  • Room Type: Entry, Kitchen, Living Room
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Concrete Perimeter
  • View: Hills, Neighborhood, Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Driveway, Concrete, Driveway Level, Garage Faces Front, Garage - Three Door, On Site, Private
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Disposal, Gas Range, Gas Cooktop, Vented Exhaust Fan
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Foothills, Hiking, Gutters, Sidewalks, Storm Drains

Lot Info

  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 114000.00
  • Gross Multiplier: 16.45
  • Gross Operating Income: 115200.00
  • Gross Scheduled Income: 115200.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 89050.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 4
  • Number With Range: 3
  • Operating Expense: 26159.00
  • Rent Control: No
  • Total Expenses: 26150.00

Tax Info

  • New Taxes Expense: 18950.00
  • Tax Lot: 45
  • Tax Tract Number: 793

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2023
Closed on
May 18, 2023
Sold by
Bennett Jordan
Bought by
Seller's Agent
Doug Echelberger
Inhabit Collective
Buyer's Agent
Jordan Bennett
Regency Real Estate Brokers
List Price
$1,895,000
Sold Price
$1,950,000
Premium/Discount to List
$55,000
2.9%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Outstanding Balance
$1,130,066
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2023
Closed on
Apr 5, 2023
Sold by
Mcfaul Revocable Trust
Bought by
Bennett Jordan
Seller's Agent
Doug Echelberger
Inhabit Collective
Buyer's Agent
Jordan Bennett
Regency Real Estate Brokers
List Price
$1,895,000
Sold Price
$1,950,000
Premium/Discount to List
$55,000
2.9%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Outstanding Balance
$1,130,066
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2023
Closed on
Apr 4, 2023
Sold by
Bennett Kayleigh Mauree
Bought by
Bennett Jordan
Seller's Agent
Doug Echelberger
Inhabit Collective
Buyer's Agent
Jordan Bennett
Regency Real Estate Brokers
List Price
$1,895,000
Sold Price
$1,950,000
Premium/Discount to List
$55,000
2.9%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Outstanding Balance
$1,130,066
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2023
Closed on
Mar 22, 2023
Sold by
Savoie Paul J
Bought by
Savoie Paul J and Savoie Janis
Seller's Agent
Doug Echelberger
Inhabit Collective
Buyer's Agent
Jordan Bennett
Regency Real Estate Brokers
List Price
$1,895,000
Sold Price
$1,950,000
Premium/Discount to List
$55,000
2.9%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Outstanding Balance
$1,130,066
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2016
Sold by
Savoie Paul J
Bought by
Savoie Paul J

Purchase Details

Closed on
Sep 23, 2009
Sold by
Savoie Roland K and Savoie Doris L
Bought by
Savoie Roland Kari and Savoie Doris Lorraine

Purchase Details

Closed on
Jun 2, 2000
Sold by
Mcfaul Edward P and Mcfaul Gloria S
Bought by
Mcfaul Edward Patrick and Mcfaul Gloria Shirley
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Central San Clemente, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Bennett Jordan $1,950,000 Pacific Coast Title
Bennett Jordan -- Pacific Coast Title
Savoie Paul J -- Accommodation/Courtesy Recordi
Savoie Paul J -- None Available
Savoie Roland Kari -- None Available
Mcfaul Edward Patrick -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,170,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/15/2023 05/15/23 Sold $1,950,000 +2.9% $585 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/24/2023 03/24/23 For Sale $1,895,000 -- $569 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $20,491 $2,069,355 $1,875,422 $193,933
2025 $20,491 $2,028,780 $1,838,649 $190,131
2024 $20,150 $1,989,000 $1,802,597 $186,403
2023 $1,414 $136,853 $27,071 $109,782
2022 $1,387 $134,170 $26,540 $107,630
2021 $1,360 $131,540 $26,020 $105,520
2020 $1,347 $130,192 $25,753 $104,439
2019 $1,321 $127,640 $25,248 $102,392
2018 $1,296 $125,138 $24,753 $100,385
2017 $1,270 $122,685 $24,268 $98,417
2016 $1,246 $120,280 $23,792 $96,488
2015 $1,227 $118,474 $23,435 $95,039
2014 $1,202 $116,154 $22,976 $93,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23045685

California Regional Multiple Listing Service (CRMLS)

APN: 692-073-24

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