$2,200,000
SOLD NOV 24, 2024
5 Beds
4 Baths
3,100 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$710 Per Sq Ft

27% Below List Price

56 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Highway 1
  • Property is near a park
  • Clarence Lobo Elementary School Rated A-
  • Open Floorplan
  • 4-minute walk to Parque del Mar

About This Home

As of November 2024

Gorgeous turnkey duplex in the heart of San Clemente! This impeccably maintained duplex is a rare offering and a trophy property. Located only a short walk to the beach, the San Clemente Pier, surfing, the beach trail, eclectic shops, unique restaurants and more! Ideal for an owner-user to live in one unit and rent the other unit out for income or use as an amazing vacation home with extended family. A spacious, approximately 3,100 sq ft building layout includes a large 3 bed, 2 bath unit on the lower level and a 2 bed, 2 bath upper-level unit. Many beautiful updates throughout including the kitchens, bathrooms, and flooring. Each unit exudes a sophisticated coastal charm with contemporary finishes and stylish fixtures. Multiple viewing decks and outdoor patio areas are ideal retreats for outdoor dining and some ocean views. Additional highlights throughout include new furnaces last year, new sprinklers last year, all new exterior lighting this year, independent solar systems installed for each unit, tankless water heaters, LED lighting, separate indoor laundry for each unit, keyless entry, and more. Convenient parking with two garage spaces and three uncovered spaces. Two oversized storage closets are located in the garage and are perfect for beach gear, bikes and more. This unique coastal opportunity is a chance to own a slice of paradise! Offering an excellent location by the beach, a vibrant lifestyle, and incredible updates, this opportunity is the one you have been waiting for!

Last Agent to Sell the Property

Bill Conrad

Conrad Realtors Inc Brokerage Phone: 949-285-5797 License #01461548 Listed on: 08/06/2024

Last Buyer's Agent

Manny Behar

San Diego Home Search Realty License #01352376

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976 | Remodeled

Lot Details

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

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Driveway

Home Design

  • Duplex
  • Turnkey
  • Stucco

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Ocean Views
  • Stone Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Exterior Lighting

Location

  • Property is near a park

Listing and Financial Details

  • Legal Lot and Block 6 / 28
  • Tax Tract Number 779
  • Assessor Parcel Number 69205505
  • $27 per year additional tax assessments

Community Details

Overview

  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Water Sewer Expense $1,500
  • Operating Expense $31,920
  • Gross Income $114,000
  • Net Operating Income $82,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1976 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.40
  • Price Per Unit: 1099500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 69205505
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Stone Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 709.68

Exterior Features

  • View: Ocean, Water
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Park Nearby
  • Lot Size Sq Ft: 4356.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Income: 114000.00
  • Gross Scheduled Income: 114000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 4356.0000 Square Feet
  • Net Operating Income: 82080.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 31920.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Total Expenses: 31920.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 28
  • Tax Census Tract: 421.08
  • Tax Lot: 6
  • Tax Tract Number: 779
  • TaxOtherAnnualAssessmentAmount: 27.00

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
11/24/2024 11/24/24 Sold $2,200,000 0.0% $710 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/24/2024 09/24/24 Price Changed $2,199,000 -10.2% $709 / Sq Ft
08/17/2024 08/17/24 Price Changed $2,450,000 -18.2% $790 / Sq Ft
08/06/2024 08/06/24 For Sale $2,995,000 +66.9% $966 / Sq Ft
08/01/2017 08/01/17 Sold $1,795,000 +5.9% $579 / Sq Ft
06/08/2017 06/08/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $1,695,000 -- $547 / 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: OC24161205

California Regional Multiple Listing Service (CRMLS)

APN: 692-055-05