NOT LISTED FOR SALE
7 Beds
7 Baths
3,126 Sq Ft
6,098 Sq Ft Lot

Last Sold May 25, 2021

Last sale price $2,500,000 $800 Per Sq Ft

12 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Open Floorplan
  • Clarence Lobo Elementary School Rated A-
  • Ocean Side of Highway 1
  • 5-minute walk to Parque del Mar

About This Home

As of May 2021

Spectacular light-filled Luxury Property in the "Old Spanish Village By The Sea," San Clemente. Prime location, just steps to Avenida Del Mar and San Clemente Pier! Perfect TurnKey investment for owner-occupant to live in the top floor penthouse, Unit C, with ocean views, 3 bedrooms, 3 bathrooms, 2 decks, and lease the other units. Three gorgeous full floor units with interiors inspired by a Scandinavian beach house--modern clean lines, tasteful decor and easy open spaces. Top Floor unit: 3 beds, 3 baths. Middle and Lower Floor units: 2 beds 2 baths each. Full remodel completed in 2016 for over $480,000. Complete exterior restoration. All new high-end kitchens, stainless steel appliances including dishwashers, quartz countertops, fresh white cabinetry. Downdraft hood range creates an airy "great room" in each beautifully appointed boutique vacation rental unit with mid-century furnishings from Room & Board, West Elm, Crate & Barrel. Driftwood-colored laminate flooring, all new Milgard windows, and all new bathrooms with glass showers & classic subway tiles. Air conditioner in every room. Washer/dryer in each unit (2 in penthouse). Private Decks, fully rebuilt, with BBQ grill for each apartment. Ground floor Unit A has private patio with French doors to terra cotta tile patio and peak-a-boo ocean view. The rear bedroom of the penthouse is a potential studio ADU (accessory dwelling unit) that already has its own private entrance, in-unit washer/dryer and separate electric meter. Walk to charming and lively Avenida Del Mar 1 block and the Pier at San Clemente Beach 3 blocks. Make this your beach retreat where you park the car on arrival and leave it there--breakfast by the beach at Bear Coast Coffee, lunch al fresco from the Cellar Restaurant or Café Mimosa, sunset cocktails at The Fisherman on the Pier. Hop on the Amtrak train at the Pier and go to the horse races in Del Mar, be at an Angels baseball game in Santa Ana in 25 min, or zip up to Los Angeles Union Station for a night at the symphony or theater. Four garage spaces plus two open spaces.

Last Agent to Sell the Property

Jeremy Conrad

Conrad Realtors Inc License #01279209 Listed on: 04/23/2021

Co-Listed By

Bill Conrad

Conrad Realtors Inc License #01461548

Last Buyer's Agent

Jeremy Conrad

Conrad Realtors Inc License #01279209 Listed on: 04/23/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Parking Lot

Home Design

  • Triplex
  • Turnkey
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 3,126 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Great Room
  • Living Room with Attached Deck
  • Laminate Flooring
  • Ocean Views
  • Fire Sprinkler System

Kitchen

  • Gas Range
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Ocean Side of Highway 1
  • Living Room Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Zoned Cooling and Heating System

Listing and Financial Details

  • Legal Lot and Block 30 / 18
  • Tax Tract Number 779
  • Assessor Parcel Number 05811367

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $1,850
  • Professional Management Expense $7,344
  • Water Sewer Expense $2,250
  • New Taxes Expense $22,500
  • Operating Expense $34,944
  • Gross Income $122,400
  • Net Operating Income $87,456

Property Details

Home Type

Multi-Family

Year Built

Built in 1988 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.90
  • Professional Management Expense: 7344.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Fire Sprinkler System
  • View: Yes
  • Water Sewer Expenses: 2250.00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 05811367
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Stone Counters
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 799.74
  • Room Type: Great Room, Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet

Exterior Features

  • Exterior Features: Rain Gutters
  • View: Ocean
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, On Site, Parking Space
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Heating Type: Forced Air
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

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

Multi Family

  • Gross Income: 122400.00
  • Gross Operating Income: 122400.00
  • Gross Scheduled Income: 122400.00
  • Insurance Expense: 1850.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 87456.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 34944.00
  • Operating Expense Percent: 29.00
  • Rent Control: No
  • Total Expenses: 34944.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 22500.00
  • Tax Block: 18
  • Tax Census Tract: 421.08
  • Tax Lot: 30
  • Tax Tract Number: 779

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/25/2021 05/25/21 Sold $2,500,000 0.0% $800 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
05/03/2021 05/03/21 Off Market $2,500,000 -- --
04/23/2021 04/23/21 For Sale $2,250,000 -- $720 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21079435

California Regional Multiple Listing Service (CRMLS)

APN: 058-113-67