NOT LISTED FOR SALE
6 Beds
3 Baths
2,732 Sq Ft
4,356 Sq Ft Lot Lot

Sale Details

Date Sold: May 21, 2018

Last sale price $1,620,000 $593 Per Sq Ft

46 Days on Market

Highlights

  • Ocean View
  • Laundry Room
  • 3-minute walk to Parque del Mar
  • Clarence Lobo Elementary School Rated A-
  • Landscaped

About This Home

As of May 2018

RECENTLY EXTENSIVELY RENOVATED 3 UNIT PROPERTY - Prime location in heart of downtown San Clemente. Just a few blocks to both the beach, pier and Avendia Del Mar. VERY UNIQUE LAYOUT! The front of the property has a duplex with the top unit having a nice ocean view. At the rear of the property there is a fully detached 2/1 cottage with large private deck and fully enclosed patio. The cottage is larger in size and would make a fantastic owner occupied unit while collecting income from the 2 additional rentals. Each unit has either a large deck or patio for enjoyment. All units have their own washer and dryer hook ups which is a huge bonus! RECENT IMPROVEMENTS TO UNITS: New Kitchens including cabinets, counters and appliances, updated baths with new cabinets, new windows, new doors, new hard surface flooring, new heating units, new tankless water heaters, new paint, and new lighting fixtures. All units updated with the same interior package. RECENT IMPROVEMENTS TO THE BUILDING: exterior stucco painted and all wood trim repaired/replaced where needed and newly painted, 3 new metal garage doors, all decks resurfaced and waterproofed, new wrought iron handrails, newly painted, and improved landscaping. New owner will have little (if any) deferred maintenance for years. Vacancies in this location are virtually non-existent as the units rent almost over night when one becomes available.

Last Agent to Sell the Property

Julia Jackson-Brown

Pacific Sotheby's Int'l Realty License #01701588 Listed on: 03/06/2018

Last Buyer's Agent

Josh Huizar

Keller Williams Realty License #01879833

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,356 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 3 Car Garage

Interior Spaces

  • 2,732 Sq Ft Home
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 785
  • Assessor Parcel Number 69202606

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Pest Control $1,000
  • Trash Expense $775
  • Water Sewer Expense $1,300
  • New Taxes Expense $19,200
  • Operating Expense $23,775
  • Gross Income $70,200
  • Net Operating Income $46,425

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

4,356 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1300.00
  • Property Type: Residential Income
  • Parcel Number: 69202606
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 592.97

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 1000.00
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 775.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 4356.00

Multi Family

  • Gross Income: 70200.00
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 46425.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 23775.00
  • Rent Control: No
  • Total Actual Rent: 3650.00
  • Total Expenses: 23775.00

Tax Info

  • New Taxes Expense: 19200.00
  • Tax Census Tract: 421.08
  • Tax Lot: 9
  • Tax Tract Number: 785
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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 Prior Sale
05/21/2018 05/21/18 Sold $1,620,000 +1.3% $593 / Sq Ft
03/06/2018 03/06/18 For Sale $1,600,000 +25.5% $586 / Sq Ft
07/17/2016 07/17/16 Sold $1,275,000 -8.9% $467 / Sq Ft View Prior Sale
06/16/2016 06/16/16 For Sale $1,399,000 -- $512 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,315 $1,843,282 $1,365,397 $477,885
2024 $18,315 $1,807,140 $1,338,625 $468,515
2023 $17,927 $1,771,706 $1,312,377 $459,329
2022 $17,586 $1,736,967 $1,286,644 $450,323
2021 $17,247 $1,702,909 $1,261,415 $441,494
2020 $17,071 $1,685,448 $1,248,480 $436,968
2019 $16,735 $1,652,400 $1,224,000 $428,400
2018 $13,183 $1,300,500 $1,198,658 $101,842
2017 $12,925 $1,275,000 $1,175,154 $99,846
2016 $2,972 $290,813 $210,249 $80,564
2015 $2,926 $286,445 $207,091 $79,354
2014 $2,870 $280,834 $203,034 $77,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18080267

California Regional Multiple Listing Service (CRMLS)

APN: 692-026-06

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