NOT LISTED FOR SALE
6 Beds
5 Baths
3,275 Sq Ft
3,920 Sq Ft Lot

Last Sold October 25, 2021

Last sale price $2,100,000 $641 Per Sq Ft

Highlights

  • Ocean Side of Highway 1
  • Corner Lot
  • Laundry Room
  • Las Palmas Elementary School Rated A-
  • No HOA
  • 3 Car Garage

About This Home

As of October 2021

Prime location in the heart of San Clemente downtown on Avenida Del Mar. Steps to the sand/surf, San Clemente Pier and Downtown stores and popular restaurants! Larger building, with almost 3300SF, 3 car garage with storage for each unit. All large 2 bedroom units. Nicely maintained with 2 of the units having newly remodeled kitchens and bathrooms. Ideal for owner-user or investor with 1031.

Last Agent to Sell the Property

Bill Conrad

Conrad Realtors Inc License #01461548 Listed on: 09/27/2021

Last Buyer's Agent

Kerry Goodfield

Pacific Sotheby's Int'l Realty License #01478812

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 3,920 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Triplex

Interior Spaces

  • 3,275 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1

Listing and Financial Details

  • Legal Lot and Block 19 / 27
  • Tax Tract Number 779
  • Assessor Parcel Number 69205431

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Gardener Expense $850
  • Insurance Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $21,000
  • Operating Expense $25,650
  • Gross Income $102,600
  • Net Operating Income $76,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.67
  • Price Per Unit: 700000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1500.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 850.00
  • Parcel Number: 69205431
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 641.22

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 102600.00
  • Gross Operating Income: 102600.00
  • Gross Scheduled Income: 102600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 76950.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 25650.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Expenses: 25650.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 21000.00
  • Tax Block: 27
  • Tax Census Tract: 421.08
  • Tax Lot: 19
  • Tax Tract Number: 779

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
10/25/2021 10/25/21 Sold $2,100,000 0.0% $641 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $2,100,000 -- $641 / 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: OC21175043

California Regional Multiple Listing Service (CRMLS)

APN: 692-054-31