$2,099,000
UNDER CONTRACT

Estimated payment $13,448/month

Total Views 48
8 Beds
5 Baths
3,712 Sq Ft
$565 Price per Sq Ft

Highlights

  • Ocean Side of Highway 1
  • Laundry Room
  • 3 Car Garage
  • Las Palmas Elementary School Rated A-
  • Forced Air Heating System
  • Rectangular Lot

About This Home

Prime coastal investment in a great location! Only moments from the beach, this well-maintained triplex presents an incredible opportunity for both seasoned investors and those looking to start their real estate portfolio. The property features three spacious, large units—2bd/1ba, 3bd/2ba and 3bd/2ba offering a strong rental appeal. Residents will appreciate the easy access to the sand, surf, shopping, dining, and all the best of the coastal lifestyle. With excellent rental income potential and the rare advantage of being so close to the ocean, this triplex is a must-see for anyone seeking a versatile and valuable addition to their investments.

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 1963

Lot Details

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

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Driveway

Home Design

  • Triplex

Interior Spaces

  • 3,712 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Additional Features

  • Ocean Side of Highway 1
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 38 / 14
  • Tax Tract Number 779
  • Assessor Parcel Number 05812238
  • $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 $3,000
  • Water Sewer Expense $2,250
  • New Taxes Expense $21,000
  • Operating Expense $25,500
  • Gross Income $90,000
  • Net Operating Income $64,500

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.07
  • Price Per Unit: 699667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2250.00
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 05812238
  • Year Built: 1963
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 565.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • 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: 90000.00
  • Gross Operating Income: 88200.00
  • Gross Scheduled Income: 90000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 64500.00
  • 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: 25500.00
  • Operating Expense Percent: 28.00
  • Other Income Description: See Pro-Forma Rents and Income
  • Rent Control: No
  • Total Actual Rent: 90000.00
  • Total Expenses: 25500.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 21000.00
  • Tax Block: 14
  • Tax Census Tract: 421.08
  • Tax Lot: 38
  • Tax Tract Number: 779
  • TaxOtherAnnualAssessmentAmount: 32.00

Map

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
08/15/2025 08/15/25 For Sale $2,099,000 0.0% $565 / Sq Ft
02/28/2012 02/28/12 Under Contract -- -- --
02/22/2012 02/22/12 For Rent $1,500 0.0% --
02/22/2012 02/22/12 Rented $1,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25182732

California Regional Multiple Listing Service (CRMLS)

APN: 058-122-38