$1,200,000
SOLD JAN 7, 2025
2 Beds
2 Baths
2,688 Sq Ft
3,495 Sq Ft Lot

Recently Sold

$446 Per Sq Ft

78% Below List Price

144 Days on Market

Highlights

  • White Water Ocean Views
  • Ocean Side of Highway 1
  • Spanish Architecture
  • Clarence Lobo Elementary School Rated A-
  • Dual Staircase
  • 4-minute walk to Parque del Mar

About This Home

As of January 2025

Fantastic Opportunity in Premier Location- Top of Hilltop above the Pier Bowl- Famous San Clemente Pier. Never on market before. 4 Units Total- 2- 1 br 1 ba approx 744 SF & 2- 1 BR 1 Ba Units approx 627 SF. units are leased mo/mo. Some Ocean Views. Separate Community Laundry room with washer & Dryer. Units were built 1978. This does not include adjacent house. A Unique opportunity- please call agent for more details. Huge Price reduction so we are ready to sell! Don't miss this! Need Cash AS IS Terms.

Last Agent to Sell the Property

Keith Wichner

Seven Gables Real Estate Brokerage Phone: 714-206-2383 License #00586443 Listed on: 07/15/2024

Seven Gables Real Estate

Last Buyer's Agent

Louis Dillon

Coldwell Banker Realty License #01274376

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 3,495 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Irregular Lot

Home Design

  • Spanish Architecture
  • Apartment
  • Entry on the 2nd floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Tile Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,688 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Carpet
  • White Water Ocean Views
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • Uncovered Parking

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Exterior Lighting
  • Shed

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 8 / 5
  • Tax Tract Number 785
  • Assessor Parcel Number 69203403

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Fuel Expense $2,000
  • Insurance Expense $2,000
  • Maintenance Expense $5,796
  • Trash Expense $2,500
  • Water Sewer Expense $1,200
  • New Taxes Expense $13,800
  • Operating Expense $60,000
  • Net Operating Income $57,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1978 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.80
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Subdivision Name Other: Pier Bowl
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 69203403
  • Year Built: 1978
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony, Copper Plumbing Full, In-Law Floorplan
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 2
  • Fireplace Features: Living Room, Gas Starter
  • Levels: Two
  • Price Per Square Foot: 446.43
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Walk-In Closet

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s), Storage
  • View: Ocean, White Water
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Driveway, Concrete, Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Hiking, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot, Walkstreet
  • Lot Size Sq Ft: 3495.00
  • Lot Size Acres: 0.0802

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 571 Square Feet
  • Average2 Bed Area: 744 Square Feet
  • Electric Expense: 500.00
  • Fuel Expense: 2000.00
  • Gross Multiplier: 12.40
  • Gross Scheduled Income: 96600.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 3495.0000 Square Feet
  • Maintenance Expense: 5796.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 57960.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 2
  • Number With Disposal: 3
  • Number With Drapes: 4
  • Number With Range: 2
  • Operating Expense: 38640.00
  • Operating Expense Percent: 40.00
  • Rent Control: No
  • Total Actual Rent: 8300.00
  • Total Expenses: 60000.00
  • Vacancy Allowance Rate: 2.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 13800.00
  • Tax Block: 5
  • Tax Census Tract: 421.08
  • Tax Lot: 8
  • Tax Tract Number: 785

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
01/07/2025 01/07/25 Sold $1,200,000 0.0% $446 / Sq Ft
01/07/2025 01/07/25 Price Changed $1,200,000 -67.1% $446 / Sq Ft
11/10/2024 11/10/24 Price Changed $3,650,000 -3.9% $1,358 / Sq Ft
10/12/2024 10/12/24 Price Changed $3,799,500 -5.0% $1,414 / Sq Ft
08/23/2024 08/23/24 Price Changed $3,999,500 -18.4% $1,488 / Sq Ft
08/16/2024 08/16/24 Price Changed $4,899,500 -10.9% $1,823 / Sq Ft
07/24/2024 07/24/24 For Sale $5,500,000 +358.3% $2,046 / Sq Ft
07/15/2024 07/15/24 Off Market $1,200,000 -- --
07/15/2024 07/15/24 For Sale $5,500,000 0.0% $2,046 / Sq Ft
11/30/2015 11/30/15 Rented $2,000 0.0% --
11/19/2015 11/19/15 Price Changed $2,000 -4.8% $2 / Sq Ft
11/01/2015 11/01/15 For Rent $2,100 -- --
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: OC24144357

California Regional Multiple Listing Service (CRMLS)

APN: 692-034-03