NOT LISTED FOR SALE
6 Beds
6 Baths
2,730 Sq Ft
4,792 Sq Ft Lot

Last Sold August 31, 2017

Last sale price $1,170,000 $429 Per Sq Ft

112 Days on Market

About This Home

As of August 2017

• Both 3BR/3BA 2-Story Townhomes with Ocean Views
• Prime Rental Location
• 2 Blocks from Avenida Del Mar (Downtown)
• 3 Blocks from the San Clemente Pier
• Substantial Upside in Rents
• Built in 1977
• Washer/Dryer Hook Ups

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 04/06/2017

Last Buyer's Agent

Taylor Fox

Fox Realty Corporation License #02031149

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 4,792 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,730 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 05811382

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,092
  • Maintenance Expense $2,502
  • Other Expense $250
  • Trash Expense $1,492
  • Water Sewer Expense $1,492
  • New Taxes Expense $12,674
  • Operating Expense $20,403
  • Gross Income $51,600
  • Net Operating Income $29,649

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.40
  • Property Attached: Yes
  • Water Sewer Expenses: 1492.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 05811382
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 428.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1492.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4792.00

Multi Family

  • Gross Income: 51600.00
  • Gross Multiplier: 24.22
  • Gross Operating Income: 50052.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 1092.00
  • Maintenance Expense: 2502.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 29649.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 20403.00
  • Operating Expense Percent: 39.50
  • Other Expense: 250.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Expenses: 20403.00
  • Vacancy Allowance: 1548
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12674.00
  • Tax Census Tract: 421.08
  • Tax Lot: 000
  • Tax Tract Number: 0000

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
08/31/2017 08/31/17 Sold $1,170,000 -6.4% $429 / Sq Ft
04/06/2017 04/06/17 For Sale $1,250,000 -- $458 / 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: PW17073244

California Regional Multiple Listing Service (CRMLS)

APN: 058-113-82