NOT LISTED FOR SALE

26311 Via California Capistrano Beach, CA 92624

5 Beds
5 Baths
2,641 Sq Ft
8,564 Sq Ft Lot

Last Sold May 31, 2022

Last sale price $1,675,000 $634 Per Sq Ft

6 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Central Heating
  • Palisades Elementary School Rated A
  • Laundry Room
  • Bike Trail

About This Home

As of May 2022

AMAZING DUPLEX-WALK TO THE BEACH -LIVE IN ONE AND RENT OUT THE OTHER-duplex in the highly desirable Palisades neighborhood in Capistrano Beach. The lower unit is a 2 bedroom 2 bath and the upper unit features 2 beds, 2 baths, plus an upper loft that can be used as a bedroom, which contains its own half bath. The building has been lovingly maintained and highly upgraded, as the owners originally intended to live in it themselves someday. Both units have long term excellent tenants with perfect records of timely payments, but both are on a month to month lease. Upside potential due to current rents below market. Parking is plentiful with 2 separate attached garages and a driveway covered in pavers that accommodates 7 additional cars! Peek ocean view. The elementary school and the beach are within a short walking distance. DO NOT DISTURB TENANTS. DRIVE BY ONLY. All Offers Subject to Interior Inspection.

Last Agent to Sell the Property

Holly McKhann

First Team Real Estate License #01956721 Listed on: 05/07/2022

First Team Real Estate

Last Buyer's Agent

Tony Garoosi

MBI Properties License #01085704

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 8,564 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2.5 Car Garage

Interior Spaces

  • 2,641 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 52 / 7
  • Tax Tract Number 735
  • Assessor Parcel Number 69140126
  • $2,093 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Palisades Subdivision

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $1,080
  • Insurance Expense $1,800
  • Trash Expense $456
  • Water Sewer Expense $900
  • Operating Expense $4,236
  • Gross Income $60,000
  • Net Operating Income $55,724

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 875000
  • Property Attached: No
  • Subdivision Name Other: Palisades (PS)
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 69140126
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 634.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.50
  • Total Parking Spaces: 2.50

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 456.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 8564.00
  • Lot Size Acres: 0.1966

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 8564.0000 Square Feet
  • Net Operating Income: 55724.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 4236.00
  • Rent Control: No
  • Total Expenses: 4236.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 422.01
  • Tax Lot: 52
  • Tax Tract Number: 735
  • TaxOtherAnnualAssessmentAmount: 2093.00

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 List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $1,675,000 -4.3% $634 / Sq Ft
05/07/2022 05/07/22 For Sale $1,750,000 -- $663 / 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: OC22095771

California Regional Multiple Listing Service (CRMLS)

APN: 691-401-26