NOT LISTED FOR SALE
5 Beds
5 Baths
2,450 Sq Ft
4,356 Sq Ft Lot

Last Sold March 29, 2019

Last sale price $1,275,000 $520 Per Sq Ft

110 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Property is near a park
  • Laundry Room
  • Concordia Elementary School Rated A
  • High Ceiling
  • 1-minute walk to Calafia State Park

About This Home

As of March 2019

Amazing location for a larger 3-unit apartment building on the San Clemente State Beach Loop! Great rental income or 2nd home potential. Just steps from Beach and San Clemente Beach Trail. Bike ride down to Trestles or San Clemente Pier. Ideal location and fully rented apartments, professionally managed. Larger 2450SF building. Units Mix consist of 2 Bedroom/1.5 Bath, 2 bedroom/1.5 bath and 1 bedroom/1 bath. Lots of upgrades over the years and well maintained building. Rare for a larger building on the State Beach Loop in this price range. Hurry on this one!

Last Agent to Sell the Property

Bill Conrad

Conrad Realtors Inc License #01461548 Listed on: 11/21/2018

Last Buyer's Agent

Scott Minami

MLM Group, Inc License #00939060

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 4,356 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Ocean Side of Highway 1
  • Property is near a park
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 961
  • Assessor Parcel Number 06013224

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,600
  • Other Expense $1,080
  • Water Sewer Expense $1,800
  • New Taxes Expense $13,250
  • Operating Expense $18,630
  • Gross Income $74,520
  • Net Operating Income $55,890

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.21
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 06013224
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 520.41

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • 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: Park Nearby
  • Lot Size Sq Ft: 4356.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Income: 74520.00
  • Gross Scheduled Income: 74520.00
  • Insurance Expense: 1600.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 4356.0000 Square Feet
  • Net Operating Income: 55890.00
  • 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
  • Operating Expense: 18630.00
  • Operating Expense Percent: 25.00
  • Other Expense: 1080.00
  • Other Expense Description: Misc.
  • Other Income Description: Laundry Income
  • Rent Control: No
  • Total Actual Rent: 6210.00
  • Total Expenses: 18630.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 13250.00
  • Tax Census Tract: 421.03
  • Tax Lot: 51
  • Tax Tract Number: 961

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
03/29/2019 03/29/19 Sold $1,275,000 -1.8% $520 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
01/31/2019 01/31/19 Price Changed $1,299,000 -2.0% $530 / Sq Ft
01/04/2019 01/04/19 For Sale $1,325,000 0.0% $541 / Sq Ft
12/20/2018 12/20/18 Pending -- -- --
11/21/2018 11/21/18 For Sale $1,325,000 +34.5% $541 / Sq Ft
11/03/2014 11/03/14 Sold $985,000 -1.0% $402 / Sq Ft
10/04/2014 10/04/14 Pending -- -- --
10/02/2014 10/02/14 For Sale $995,000 -- $406 / 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: OC18277718

California Regional Multiple Listing Service (CRMLS)

APN: 060-132-24