NOT LISTED FOR SALE

405 Pasadena Ct San Clemente, CA 92672

Central San Clemente Neighborhood
9 Beds
8 Baths
6,038 Sq Ft
5,401 Sq Ft Lot

Last Sold October 05, 2015

Last sale price $2,550,000 $422 Per Sq Ft

3 Days on Market

Highlights

  • White Water Ocean Views
  • 5-minute walk to San Clemente Pier
  • Traditional Architecture
  • Clarence Lobo Elementary School Rated A-
  • Ocean Side of Highway 1
  • 4-minute walk to Parque del Mar

About This Home

As of October 2015

Rare opportunity to buy this investors dream! This 5 unit complex sits on a private cul-de-sac overlooking the Pacific Ocean! With views from most units & located directly across the bluff you have a long term investment that will handsomely pay off. Consisting of (2ea - 1 bedroom, 2ea - 2 bedroom & a top unit that is 3 bedroom w/private laundry, wood beam ceilings, very spacious living, dining, kitchen areas. These units are never vacant due to it's desirable location. Located next to multi-million dollar homes with million dollar views this is a must buy! With 6 car ports, balconies and private patio's, newer windows, some internal upgrades and above all else profitablility. All units have spacious living/dining/kitchen areas; all bedrooms are spacious. All units are leased & most have long term tenants! Walk to the SC Pier, Fisherman's Restaurant or any of the local dining establishments at the pier or to the downtown area on Del Mar and enjoy a myriad of dining & shopping. San Clemente is a charming town with a small coastal beach offer so much; surfing, swimming, ocean views & breezes - you will never want for tenants in this location. Enjoy the Sunset, SC Pier, T-Street, Catalina Island, Seal Rock & San Clemente Island views!

Last Agent to Sell the Property

Jimmy Reed

First Team Real Estate License #01263988 Listed on: 09/12/2015

First Team Real Estate

Co-Listed By

Lisa Reed

Re/Max Coastal Homes License #01461492

Last Buyer's Agent

Jimmy Reed

First Team Real Estate License #01263988 Listed on: 09/12/2015

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,401 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Corner Lot

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • City Lights
  • Woods
  • Bluff
  • Hills

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 6,038 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Sliding Doors
  • Living Room
  • Laundry Room

Kitchen

  • Gas Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 63
  • Tax Tract Number 785
  • Assessor Parcel Number 69203107

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $3,665
  • Insurance Expense $2,396
  • Professional Management Expense $4,152
  • New Taxes Expense $1,163
  • Gross Income $10,400
  • Net Operating Income $75,928

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 0.03
  • Other Phone Description: Lisa Reed
  • Other Phone Number: 9498429433
  • Professional Management Expense: 4152.00
  • Property Attached: Yes
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 69203107
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 422.33
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • View: Catalina, City Lights, Coastline, Hills, Ocean, Trees/Woods, Water, White Water
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Community, Inside, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Bluff, Cul-De-Sac, Corner Lot
  • Lot Size Sq Ft: 5401.00
  • Price Per Lot Square Foot: 472.13
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 3665.00
  • Gross Income: 10400.00
  • Gross Scheduled Income: 92496.00
  • Insurance Expense: 2396.00
  • Lot Size Area: 5401.0000 Square Feet
  • Net Operating Income: 75928.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 16568.00
  • Rent Control: No
  • Total Actual Rent: 10400.00
  • Waterfront Features: Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 1163.00
  • Tax Lot: 63
  • Tax Rate: 1.01
  • Tax Tract Number: 785

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 List to Sale Price per Sq Ft
10/05/2015 10/05/15 Sold $2,550,000 +2.2% $422 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
09/12/2015 09/12/15 For Sale $2,495,000 -- $413 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jimmy Reed

    Seller's Agent in 2015

    Jimmy Reed

    First Team Real Estate

    (949) 303-7701

    6 in this area

    414 Total Sales

    Jimmy Reed
    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Lisa Reed

    RE/MAX

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15201914

California Regional Multiple Listing Service (CRMLS)
California Orange County San Clemente 92672 Central San Clemente

405 Pasadena Ct, San Clemente, CA

This home is located at 405 Pasadena Ct, San Clemente, CA 92672 since 12 September 2015. This property was built in 1965. 405 Pasadena Ct is a home located in Orange County with nearby schools including Clarence Lobo Elementary School, Shorecliffs Middle School, and San Clemente High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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