NOT LISTED FOR SALE
8 Beds
4 Baths
3,848 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: August 24, 2023

Last sale price $2,475,000 $643 Per Sq Ft

115 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Highway 1
  • Property is near park
  • Las Palmas Elementary School Rated A-
  • Open Floorplan
  • 2-minute walk to Max Berg Park

About This Home

As of August 2023

Recently updated 4-plex within walking distance to the beach, the San Clemente Beach Trail and popular Avenida Del Mar with all its eclectic shops and restaurants! This is an excellent investment opportunity only steps to the sand and sun. All four units are 2 bedrooms, 1 bath encompassing a building consisting of 3,848 sq ft. Numerous recent updates throughout units B, C, and D include: new lighting fixtures, some new outlets, switches and plates, new kitchen cabinets and countertops, new stainless steel appliances, new water resistant laminate flooring, new baseboards, new bathrooms including tub/shower, vanities/countertops, faucets, toilets, and flooring, new interior paint, new blinds, new hardware, new thermostats, new smoke/co2 detectors and more! Unit A was remodeled in January 2019 with granite counters, wood laminate flooring, cabinetry, and stainless-steel appliances. New updates to Unit A include new ceiling fans and recessed lighting, a new thermostat, new blinds, and an updated bathroom with a new vanity, faucet, mirror, medicine cabinet, toilet, and lighting. Exterior updates include new garage doors, motors, sensors and tracks, new door pads, new exterior lighting, new block retaining walls, new landscaping, new sprinkler drip system and new fencing. Newer double pane windows and slider doors installed previously. The exterior was painted in 2022. The whole building was re-piped in 2018. Four car garage and driveway parking. New washer and dryer in the community laundry room with a countertop and shelf. Plenty of outdoor space with multiple updated large balconies and a newly updated beautiful backyard area. In addition to the beach nearby, Las Palmas Elementary and Max Berg Park are just around the corner! Check this one out!

Last Agent to Sell the Property

Jeremy Conrad

Conrad Realtors Inc License #01279209 Listed on: 04/03/2023

Co-Listed By

Bill Conrad

Conrad Realtors Inc License #01461548

Last Buyer's Agent

Sam Dehbashi

Pacific Sotheby's Int'l Realty License #02041600

Pacific Sotheby's Int'l Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Quadruplex
  • Turnkey
  • Stucco

Interior Spaces

  • 3,848 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Sliding Doors

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Living Room Balcony

Location

  • Property is near park

Listing and Financial Details

  • Legal Lot and Block 14 / 1
  • Tax Tract Number 794
  • Assessor Parcel Number 69207221
  • $34 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,800
  • Trash Expense $1,140
  • Water Sewer Expense $4,800
  • New Taxes Expense $25,500
  • Operating Expense $33,600
  • Gross Income $116,820
  • Net Operating Income $116,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1972 | Remodeled

Lot Details

6,098 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.70
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 4800.00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 69207221
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s), Crown Molding, Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 643.19
  • Window Features: Blinds

Exterior Features

  • View: Ocean, Peek-A-Boo
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1140.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Park Nearby
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 116820.00
  • Gross Scheduled Income: 150420.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 116820.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 33600.00
  • Rent Control: No
  • Total Expenses: 33600.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 25500.00
  • Tax Block: 1
  • Tax Census Tract: 421.08
  • Tax Lot: 14
  • Tax Tract Number: 794
  • TaxOtherAnnualAssessmentAmount: 34.00

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

Closed on
Feb 12, 2026
Sold by
Juma Llc
Bought by

Purchase Details

Listed on
Apr 3, 2023
Closed on
Aug 2, 2023
Sold by
Mirasol Asset Mgmt Ptrs Llc
Bought by
Juma Llc
Seller's Agent
Jeremy Conrad
Conrad Realtors Inc
Buyer's Agent
Sam Dehbashi
Pacific Sotheby's Int'l Realty
List Price
$2,599,000
Sold Price
$2,475,000
Premium/Discount to List
-$124,000
-4.77%
Views
234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Interest Rate
6.96%
Mortgage Type
Balloon

Purchase Details

Listed on
Jun 15, 2022
Closed on
Aug 1, 2022
Sold by
Sherif Ellen
Bought by
Mirasol Asset Mgmt Ptrs Llc
Seller's Agent
Jeremy Conrad
Conrad Realtors Inc
Buyer's Agent
Jeremy Conrad
Conrad Realtors Inc
List Price
$2,399,000
Sold Price
$2,050,000
Premium/Discount to List
-$349,000
-14.55%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.96%
Original Mortgage
$1,700,000
Interest Rate
5.51%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 26, 2015
Closed on
Mar 9, 2015
Sold by
Stevens Gary
Bought by
Sherif Ellen R
Seller's Agent
Bill Conrad
Conrad Realtors Inc
Buyer's Agent
Ed Diaz
Vanguard Property Group
List Price
$1,299,000
Sold Price
$1,285,000
Premium/Discount to List
-$14,000
-1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%
Original Mortgage
$659,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2005
Sold by
Stevens Gary
Bought by
Stevens Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 13, 2002
Sold by
Stevens Julie
Bought by
Stevens Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2000
Sold by
Kintner Charles F and Kintner Janet I
Bought by
Stevens Gary and Stevens Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
9.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$3,000,000 First American Title
Juma Llc $2,475,000 Lawyers Title
Mirasol Asset Mgmt Ptrs Llc $2,000,000 Lawyers Title
Sherif Ellen R $1,285,000 Lawyers Title
Stevens Gary -- California Counties Title Co
Stevens Gary -- American Title Co
Stevens Gary $360,000 Old Republic Title Company
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
Previous Owner $1,140,000
Previous Owner Mirasol Asset Mgmt Ptrs Llc $1,700,000
Previous Owner Sherif Ellen R $536,000
Previous Owner Sherif Ellen R $659,500
Previous Owner Stevens Gary $500,000
Previous Owner Stevens Gary $100,000
Previous Owner Stevens Gary $458,000
Previous Owner Stevens Gary $437,500
Previous Owner Stevens Gary $327,000
Previous Owner Stevens Gary $270,000
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 Prior Sale
08/24/2023 08/24/23 Sold $2,475,000 -1.0% $643 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
06/23/2023 06/23/23 Price Changed $2,499,000 -2.0% $649 / Sq Ft
05/13/2023 05/13/23 Price Changed $2,549,000 -1.9% $662 / Sq Ft
04/03/2023 04/03/23 For Sale $2,599,000 +26.8% $675 / Sq Ft
08/29/2022 08/29/22 Sold $2,050,000 -6.6% $533 / Sq Ft View Prior Sale
07/28/2022 07/28/22 Pending -- -- --
07/23/2022 07/23/22 Price Changed $2,195,000 -8.5% $570 / Sq Ft
06/15/2022 06/15/22 For Sale $2,399,000 +86.7% $623 / Sq Ft
04/29/2015 04/29/15 Sold $1,285,000 -1.1% $334 / Sq Ft View Prior Sale
03/06/2015 03/06/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $1,299,000 -- $338 / 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 $25,495 $2,574,990 $2,353,697 $221,293
2025 $25,495 $2,524,500 $2,307,546 $216,954
2024 $25,070 $2,475,000 $2,262,300 $212,700
2023 $20,233 $2,000,000 $1,791,093 $208,907
2022 $14,740 $1,455,298 $1,241,697 $213,601
2021 $14,456 $1,426,763 $1,217,350 $209,413
2020 $14,312 $1,412,134 $1,204,868 $207,266
2019 $14,030 $1,384,446 $1,181,244 $203,202
2018 $13,761 $1,357,300 $1,158,082 $199,218
2017 $13,492 $1,330,687 $1,135,375 $195,312
2016 $13,234 $1,304,596 $1,113,113 $191,483
2015 $5,596 $549,900 $354,135 $195,765
2014 -- $539,129 $347,198 $191,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23050829

California Regional Multiple Listing Service (CRMLS)

APN: 692-072-21

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