NOT LISTED FOR SALE

26731 Avenida Las Palmas Capistrano Beach, CA 92624

4 Beds
2 Baths
1,671 Sq Ft
5,227 Sq Ft Lot

Last Sold August 07, 2024

Last sale price $1,605,000 $961 Per Sq Ft

53 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Open Floorplan
  • Private Yard
  • Palisades Elementary School Rated A
  • Quartz Countertops
  • Recessed Lighting

About This Home

As of August 2024

Aren't you tired of seeing worn out looking income properties that have been neglected for decades, have no real appeal, and still sell for millions??? Well here we truly have two drop dead gorgeous newly renovated two bedroom stunners - AND THEY ARE BOTH VACANT TOO. Each of these 2 bedroom units may be best in class. The interiors are loaded with contemporary appeal, and they embrace tasteful coastal design - sure to attract and retain the most desirable tenants who are happy to pay for a top of the line residence in a wonderful location. And this property is appropriate for a discerning owner user too.
This Capo Beach location is phenomenal, this fine property is on a beautiful street, and has a tremendous useable private back yard and large deck for the larger rear unit, which makes for great indoor/outdoor living - its like your own retreat back there.
The rear unit (owner's unit) is larger than the front unit, and has a fireplace and laundry hook ups as well. Both units have just completed a beautiful remodel with new open kitchens with white soft close shaker cabinets, attractive white quartz counters, bar top, gorgeous new baths, stylish lighting and plumbing fixtures, appliances (and both with dishwashers and microwaves too), and so much more - including a new roof and dual pane windows and sliders.
***CHECK OUT THE PICS***THEY SPEAK FOR THEMSELVES!
AND THE CHERRY ON TOP IS BOTH UNITS ARE VACANT - pick who you want, charge what you want, or maybe you or your relative wants to live here. Makes for a great alternative for someone looking for a house but wants the rental income.

Last Agent to Sell the Property

Michele DeVivo

First Team Real Estate Brokerage Phone: 5622356700 License #01376760 Listed on: 05/04/2024

First Team Real Estate

Co-Listed By

Fred Denny

First Team Real Estate Brokerage Phone: 5622356700 License #00832957

Last Buyer's Agent

Shar Rezai-Hariri

First Team Real Estate License #02142639

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,671 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 51 / 13
  • Tax Tract Number 901
  • Assessor Parcel Number 12326150
  • $1,826 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $2,400
  • Trash Expense $600
  • Water Sewer Expense $1,000
  • New Taxes Expense $17,500
  • Operating Expense $23,500
  • Gross Income $87,000
  • Net Operating Income $63,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1959 | Remodeled

Lot Details

0

Listing Details

  • Other Phone Description: Best Number
  • Other Phone Number: 562-688-8666
  • Price Per Unit: 799500
  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 12326150
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan, Quartz Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 960.50
  • Room Type: All Bedrooms Down, Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200
  • Latitude Manual: 33.46010600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 87000.00
  • Gross Scheduled Income: 87000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5227.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 63500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 23500.00
  • Rent Control: No
  • Total Expenses: 23500.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Block: 13
  • Tax Census Tract: 422.01
  • Tax Lot: 51
  • Tax Tract Number: 901
  • TaxOtherAnnualAssessmentAmount: 1826.00

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 Change Sq Ft Price
08/07/2024 08/07/24 Sold $1,605,000 +0.4% $961 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/13/2024 06/13/24 Price Changed $1,599,000 -3.1% $957 / Sq Ft
05/04/2024 05/04/24 For Sale $1,650,000 +61.0% $987 / Sq Ft
07/27/2023 07/27/23 Sold $1,025,000 -6.8% $613 / Sq Ft
07/10/2023 07/10/23 For Sale $1,100,000 -- $658 / 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: PW24089747

California Regional Multiple Listing Service (CRMLS)

APN: 123-261-50