$1,400,000
SOLD APR 12, 2013

2601 S El Camino Real San Clemente, CA 92672

Southeast San Clemente Neighborhood
1 Bed
2 Baths
3,728 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$376 Per Sq Ft

6% Below List Price

143 Days on Market

Highlights

  • Wood Siding
  • Concordia Elementary School Rated A
  • No Heating

About This Home

As of April 2013

INCOME INCREASED! Major Rehab and Renovation. All New Plumbing, Electrical, Window, Roofs, Decks, Railing and All New Interiors with New Cabinets, Countertops, Tile Flooring, Tile Shower Walls, Wood Beam Ceilings, New Tubs, Stainless Steel Sinks, etc. The top units receive ocean views. This highly upgraded property is extremely desirable for renters due to the recent rehab and renovation along with it proximity to the Califia Park, San Clemente State Beach and exceptional surfing spots. Major upside potential.

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 10/22/2012

Last Buyer's Agent

John Kalmikov

Kalmikov Investments Inc License #00866167

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Parking

  • 8 Parking Spaces

Home Design

  • 3,728 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • 5,000 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 06004301

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,474
  • Maintenance Expense $5,142
  • Other Expense $250
  • Trash Expense $4,335
  • Water Sewer Expense $4,335
  • New Taxes Expense $15,209
  • Gross Income $8,835
  • Net Operating Income $71,453

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.96
  • Price Per Unit: 180000
  • View: No
  • Water Sewer Expenses: 4335.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 06004301
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 375.54

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 4335.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 8835.00
  • Gross Multiplier: 13.58
  • Gross Scheduled Income: 106020.00
  • Insurance Expense: 1474.00
  • Maintenance Expense: 5142.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 71453.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 31387.00
  • Operating Expense Percent: 30.00
  • Other Expense: 250.00
  • Other Expense Description: Misc.
  • Vacancy Allowance: 3181
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15209.00

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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
06/01/2014 06/01/14 Rented $1,295 0.0% --
06/01/2014 06/01/14 For Rent $1,295 0.0% --
04/12/2013 04/12/13 Sold $1,400,000 -6.4% $376 / Sq Ft
03/14/2013 03/14/13 Pending -- -- --
10/22/2012 10/22/12 For Sale $1,495,000 -- $401 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Brian MacGillivray

    Charles Rea, Broker

    Section Image
  • Michelle Johnson

    Buyer's Agent in 2014

    Michelle Johnson

    Conrad Realtors Inc

    (949) 492-9400

    9 Total Sales

    Michelle Johnson
    Section Image
  • Rick Applebaum

    Seller's Agent in 2013

    Rick Applebaum

    Morgan Skenderian

    (949) 251-8800

    64 Total Sales

    Rick Applebaum
    Section Image

  • J

    Buyer's Agent in 2013

    John Kalmikov

    Kalmikov Investments Inc

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P838863

California Regional Multiple Listing Service (CRMLS)
California Orange County San Clemente 92672 Southeast San Clemente

2601 S El Camino Real, San Clemente, CA

This home is located at 2601 S El Camino Real, San Clemente, CA 92672 and is currently priced at $1,400,000, approximately $375 per square foot. This property was built in 1954. 2601 S El Camino Real is a home located in Orange County with nearby schools including Concordia Elementary School, Shorecliffs Middle School, and San Clemente High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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