NOT LISTED FOR SALE
9 Beds
4 Baths
6,900 Sq Ft
0.37 Acres

Last Sold December 04, 2020

Last sale price $3,419,125 $496 Per Sq Ft

237 Days on Market

Highlights

  • 0.37 Acre Lot
  • Laundry Room
  • 4-minute walk to Parque del Mar
  • Clarence Lobo Elementary School Rated A-

About This Home

As of December 2020

Located just one block to the beach in the city of San Clemente, CA, this 8-unit property sits upon 16,087 SF of land in the Pier Bowl! The complex boasts: One (1) 3 Bed / 1 Bath, and Seven (7) 2 Bed / 1 Bath Units. Each unit comes with one carport, with three additional open spaces available on-site. The Roof and Plumbing have also both been replaced within the last 5 years. Residents have convenient access to boutique shopping and restaurants, all within a short walking distance.

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 01/24/2020

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls

Home Design

  • 6,900 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Parking

  • 3 Open Parking Spaces
  • 11 Parking Spaces
  • 8 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 26 / 7
  • Tax Tract Number 785
  • Assessor Parcel Number 69202630

Community Details

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $321
  • Fuel Expense $495
  • Insurance Expense $2,377
  • Trash Expense $4,052
  • Water Sewer Expense $3,507
  • New Taxes Expense $36,431
  • Operating Expense $55,882
  • Gross Income $188,801
  • Net Operating Income $135,319

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3507.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 69202630
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 495.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4052.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16087.00
  • Lot Size Acres: 0.3693

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 950 Square Feet
  • Electric Expense: 321.00
  • Fuel Expense: 495.00
  • Gross Income: 188801.00
  • Gross Scheduled Income: 194640.00
  • Insurance Expense: 2377.00
  • Lot Size Area: 16087.0000 Square Feet
  • Net Operating Income: 135319.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 5882.00
  • Rent Control: No
  • Total Actual Rent: 16220.00
  • Total Expenses: 55882.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 36431.00
  • Tax Block: 7
  • Tax Census Tract: 421.08
  • Tax Lot: 26
  • 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 Change Sq Ft Price
12/04/2020 12/04/20 Sold $3,419,125 -5.0% $496 / Sq Ft
08/13/2020 08/13/20 Price Changed $3,598,000 -4.1% $521 / Sq Ft
02/19/2020 02/19/20 Price Changed $3,750,000 -5.1% $543 / Sq Ft
01/24/2020 01/24/20 For Sale $3,950,000 0.0% $572 / Sq Ft
03/18/2016 03/18/16 Rented $1,800 -5.3% --
03/04/2016 03/04/16 For Rent $1,900 -- --
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: OC20018764

California Regional Multiple Listing Service (CRMLS)

APN: 692-026-30