NOT LISTED FOR SALE
-- Bed
-- Bath
1,923 Sq Ft
4,400 Sq Ft Lot

Last Sold December 23, 2012

Last sale price $725,000 $377 Per Sq Ft

4 Days on Market

Highlights

  • Bungalow
  • Tile Flooring
  • 2-minute walk to Max Berg Park
  • Las Palmas Elementary School Rated A-
  • No Heating

About This Home

As of December 2012

Standard Sale ~ Walk to the Beach & San Clemente's Beach Trail ~ 6.5% Cap Rate ~ Beautifully Remodeled Inside!! 3 Units: Unit 1 is 2bedroom/1bath renting at $1575/month, Units 2 and 3 are both 1bedroom/1bath renting at $1250/month. Each unit has its own laundry, 1 car garage and patio area. All 3 units have been recently updated on the interior with new kitchens, bathrooms and floors and all new garage doors have been installed. 1 block from the beach and 1 block from Las Palmas Elementary school and Maxberg Park. Minutes from San Clemente Pier and Metrolink Station. Great investment for an owner-occupied buyer or investor. Don`t miss this beach investment opportunity.

Last Agent to Sell the Property

Noushin Brown

Team OC Corp. License #00996798 Listed on: 10/20/2012

Team OC Corp.

Last Buyer's Agent

Suzanne Hefni-Pyle

Buyer's Only Coastal Realty Of License #01060973

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 50x88

Parking

  • 3 Car Garage

Home Design

  • 1,923 Sq Ft Home
  • Bungalow
  • Split Level Home
  • Stucco

Flooring

  • Laminate
  • Tile

Utilities

  • No Heating

Listing and Financial Details

  • Legal Lot and Block 4 / 3
  • Tax Tract Number 794
  • Assessor Parcel Number 69207103

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $420
  • Insurance Expense $1,500
  • Trash Expense $560
  • Water Sewer Expense $1,800
  • New Taxes Expense $4,766
  • Gross Income $4,075
  • Net Operating Income $46,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 6.21
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 69207103
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Tile
  • Appliances: No
  • Levels: Multi/Split
  • Price Per Square Foot: 377.02

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 560.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50x88
  • Lot Size Sq Ft: 4400.00
  • Lot Size Acres: 0.1010

Multi Family

  • Gross Income: 4075.00
  • Gross Multiplier: 15.32
  • Gross Scheduled Income: 48900.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 46500.00
  • 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 Disposal: 3
  • Operating Expense: 2400.00
  • Other Expense Description: 500
  • Vacancy Allowance: 5

Tax Info

  • New Taxes Expense: 4766.00
  • Tax Area: 10000
  • Tax Block: 3
  • Tax Lot: 4
  • Tax Tract Number: 794

Range of Values:

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Sold Price
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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 List to Sale Price per Sq Ft
12/23/2012 12/23/12 Sold $725,000 -3.2% $377 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
10/20/2012 10/20/12 For Sale $749,000 -- $389 / 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: S715626

California Regional Multiple Listing Service (CRMLS)

APN: 692-071-03