NOT LISTED FOR SALE
3 Beds
2 Baths
1,955 Sq Ft
3,920 Sq Ft Lot

Last Sold March 08, 2021

Last sale price $1,225,000 $627 Per Sq Ft

3 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Linda Lane Park
  • Las Palmas Elementary School Rated A-

About This Home

As of March 2021

Tremendous investment opportunity within walking distance to Avenida Del Mar in beautiful San Clemente! Two spacious ranch-style units with great curb appeal! The property has one 1 bedroom/1 bath unit and one 2 bedroom/1 bath unit. Stable long-term tenants, well maintained inside and out, one garage spot per unit, community laundry in garage. Also a possible redevelopment opportunity given awesome corner location and large lot. Do not visit property, all tours by appointment only.

Last Agent to Sell the Property

James Vanar

Anchor West Properties, Inc. License #01389279 Listed on: 01/28/2021

Last Buyer's Agent

Jeremy Conrad

Conrad Realtors Inc License #01279209

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 3,920 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,955 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 18 / 26
  • Tax Tract Number 779
  • Assessor Parcel Number 69205330

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $900
  • Insurance Expense $900
  • Maintenance Expense $1,500
  • Professional Management Expense $3,175
  • Trash Expense $528
  • Water Sewer Expense $984
  • New Taxes Expense $11,000
  • Operating Expense $18,987
  • Gross Income $45,360
  • Net Operating Income $37,373

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.20
  • Professional Management Expense: 3175.20
  • Property Attached: Yes
  • Subdivision Name Other: SC
  • Water Sewer Expenses: 984.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 69205330
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 626.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 528.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 900 Square Feet
  • Average2 Bed Area: 1055 Square Feet
  • Gross Income: 45360.00
  • Gross Multiplier: 24.25
  • Gross Scheduled Income: 45360.00
  • Insurance Expense: 900.00
  • Lot Size Area: 3920.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 37372.80
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 7987.20
  • Other Income Description: Tenant owns laundry machines
  • Rent Control: No
  • Total Expenses: 18987.20

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Block: 26
  • Tax Census Tract: 421.08
  • Tax Lot: 18
  • Tax Tract Number: 779

Range of Values:

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Sold Price
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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
03/08/2021 03/08/21 Sold $1,225,000 +4.3% $627 / Sq Ft
01/31/2021 01/31/21 Pending -- -- --
01/28/2021 01/28/21 Price Changed $1,175,000 +6.8% $601 / Sq Ft
01/28/2021 01/28/21 For Sale $1,100,000 -- $563 / 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: OC21018042

California Regional Multiple Listing Service (CRMLS)

APN: 692-053-30