$1,949,000

Estimated payment $12,568/month

Total Views 590
6 Beds
4 Baths
2,592 Sq Ft
$752 Price per Sq Ft

Highlights

  • Ocean Side of Highway 1
  • Laundry Room
  • Rectangular Lot
  • Las Palmas Elementary School Rated A-
  • 3 Attached Carport Spaces
  • 4-minute walk to Max Berg Park

About This Home

Exceptional beach close investment opportunity! Just a short stroll from the surf and sand, this well-located triplex offers three desirable units: 1bd/1ba, 2bd/1ba and 3bd/2ba. The property includes three covered carport spaces, each with convenient storage, and sits in an area known for strong rental demand thanks to its coastal charm and walkability. Whether you’re looking to expand your portfolio, secure a property with steady income potential, or explore the option of living in one unit while renting out the others, this is an ideal chance to invest in the vibrant beach lifestyle. Don’t miss the rare combination of location, versatility, and income-generating potential!

Listing Agent

Jeremy Conrad

Conrad Realtors Inc Brokerage Phone: 949-697-0721 License #01279209 Listed on: 08/15/2025

Co-Listing Agent

Bill Conrad

Conrad Realtors Inc Brokerage Phone: 949-697-0721 License #01461548

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 3,920 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Triplex

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Attached Carport Spaces
  • Parking Available

Outdoor Features

  • Ocean Side of Highway 1

Listing and Financial Details

  • Legal Lot and Block 42 / 20
  • Tax Tract Number 793
  • Assessor Parcel Number 69207321
  • $32 per year additional tax assessments

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,500
  • Water Sewer Expense $2,250
  • New Taxes Expense $19,500
  • Operating Expense $24,696
  • Gross Income $88,200
  • Net Operating Income $63,504

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • CapRate: 3.30
  • Price Per Unit: 649667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2250.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 69207321
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 751.93

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Gross Income: 88200.00
  • Gross Scheduled Income: 88200.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 63504.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 24696.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Total Actual Rent: 88200.00
  • Total Expenses: 24696.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 19500.00
  • Tax Block: 20
  • Tax Census Tract: 421.08
  • Tax Lot: 42
  • Tax Tract Number: 793
  • TaxOtherAnnualAssessmentAmount: 32.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/15/2025 08/15/25 For Sale $1,949,000 0.0% $752 / Sq Ft
05/18/2020 05/18/20 Rented $1,975 0.0% --
05/02/2020 05/02/20 For Rent $1,975 0.0% --
11/13/2019 11/13/19 Rented $1,975 0.0% --
11/04/2019 11/04/19 For Rent $1,975 -17.7% --
07/19/2018 07/19/18 Rented $2,400 -2.0% --
06/12/2018 06/12/18 For Rent $2,450 +36.1% --
06/20/2016 06/20/16 Rented $1,800 0.0% --
06/01/2016 06/01/16 For Rent $1,800 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25182672

California Regional Multiple Listing Service (CRMLS)

APN: 692-073-21