Seller's Agent in 2021
Rick Applebaum
Morgan Skenderian
(949) 251-8800
5 in this area
75 Total Sales
428 Monterey Ln San Clemente, CA 92672
Central San Clemente Neighborhood
3
Beds
3
Baths
3,394
Sq Ft
6,665
Sq Ft Lot Lot
Highlights
- Laundry Room
- 4-minute walk to San Clemente Pier
- 3-minute walk to Parque del Mar
- Clarence Lobo Elementary School Rated A-
About This Home
As of August 2021The Capri Apartments are a 5+1 unit investment opportunity located in the quaint Spanish seaside community of San Clemente. Perched atop the city's highly coveted "Pier Bowl", the Capri Apartments offer breathtaking, million-dollar ocean views from all units except the non-conforming studio. Furthermore, the property is just steps from pristine beaches, Historical San Clemente Pier, and San Clemente Beach Trail, plus an array of restaurants and shops just a mere two blocks over in the city’s “Avenida Del Mar” or “Downtown” as locals know it. Some interiors have received recent upgrades with the others available for improvement and dramatically increased rents. A diverse unit mix of studio, 1 & 2-bedroom units create opportunity for renters of all types who’d like to enjoy living in this one of a kind location. Amenities as ocean-view balconies, on-site laundry, carport and garage parking along with it’s proximity to the coastline further enhance the appeal to potential renters and/or vacationers The Capri Apartments offers multiple outlets of amazing growth potential, whether it is through continued upgrades and increased rents or capitalize on seldom-available, exclusively limited short-term vacation rentals in which the property is zoned for making this coastal asset a welcomed and smart additional to any investor’s portfolio. *Property is legally 5 units + 1 non-conforming unit
Last Agent to Sell the Property
Morgan Skenderian License #01273871 Listed on: 04/02/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,665 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
- 3 Carport Spaces
Interior Spaces
- 3,394 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 25 / 6
- Tax Tract Number 785
- Assessor Parcel Number 69202504
Community Details
Overview
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $2,465
- Maintenance Expense $6,914
- Other Expense $6,955
- New Taxes Expense $24,778
- Operating Expense $42,250
- Gross Income $600
- Net Operating Income $72,986
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/23/2021 08/23/21 | Sold | $1,500,000 | -38.8% | $442 / Sq Ft |
| 06/30/2021 06/30/21 | For Sale | $2,450,000 | +63.3% | $722 / Sq Ft |
| 06/12/2021 06/12/21 | Off Market | $1,500,000 | -- | -- |
| 06/12/2021 06/12/21 | For Sale | $2,450,000 | +63.3% | $722 / Sq Ft |
| 06/11/2021 06/11/21 | Off Market | $1,500,000 | -- | -- |
| 04/02/2021 04/02/21 | For Sale | $2,450,000 | -- | $722 / 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 | $15,755 | $1,591,812 | $1,436,267 | $155,545 |
| 2024 | $15,755 | $1,560,600 | $1,408,104 | $152,496 |
| 2023 | $15,420 | $1,530,000 | $1,380,494 | $149,506 |
| 2022 | $15,196 | $704,093 | $563,280 | $140,813 |
| 2021 | $7,016 | $690,288 | $552,236 | $138,052 |
| 2020 | $6,946 | $683,210 | $546,573 | $136,637 |
| 2019 | $6,810 | $669,814 | $535,856 | $133,958 |
| 2018 | $6,679 | $656,681 | $525,349 | $131,332 |
| 2017 | $6,548 | $643,805 | $515,048 | $128,757 |
| 2016 | $6,423 | $631,182 | $504,949 | $126,233 |
| 2015 | $6,325 | $621,702 | $497,365 | $124,337 |
| 2014 | $6,203 | $609,524 | $487,622 | $121,902 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Applebaum
-
Paul Espinosa
Seller Co-Listing Agent in 2021
Paul Espinosa
Morgan Skenderian
(714) 206-2688
5 in this area
44 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21069119
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.
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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