NOT LISTED FOR SALE
8 Beds
7 Baths
3,700 Sq Ft
6,534 Sq Ft Lot

Last Sold November 14, 2016

Last sale price $1,212,500 $328 Per Sq Ft

193 Days on Market

Highlights

  • No HOA
  • Cul-De-Sac
  • Greenbelt
  • Marblehead Elementary School Rated A-

About This Home

As of November 2016

Large 3700 sq ft well-maintained 4 unit building on a 6732 sq ft lot in north San Clemente. One ground level 3 bedroom 2 bath unit with two patios, two 2 bedroom 2 bath units (upper has a balcony and lower has a patio) and one upper 1 bedroom 1 bath unit with a large private deck. Each unit has its own garage and there is a coin laundry room on the premises. Long term tenants with zero vacancies in over 12 years. Rents have not been increased for many years, lots of room to raise rents to current market, owner has had a long term relationship with all the tenants and choice to keep rents low… This area is very desirable and has very little vacancy if any…. All units have private garages and close to work, shopping and beaches…. Don’t miss out on this opportunity to own a wonderful building in a beach community…. The laundry room brings in $500 per month and is listed as the 5th unit in the income area of the MLS....

Last Agent to Sell the Property

Kelly Gwin

Realty One Group West License #01184176 Listed on: 04/18/2016

Realty One Group West

Last Buyer's Agent

Barbara Kelly

Kelly Associates License #00591467

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 12432
  • Assessor Parcel Number 67511116

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Greenbelt

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $2,000
  • Water Sewer Expense $6,000
  • New Taxes Expense $13,000
  • Gross Income $6,595
  • Net Operating Income $56,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Other Phone Description: 949-290-7000
  • Property Attached: Yes
  • Water Sewer Expenses: 6000.00
  • Property Type: Residential Income
  • Parcel Number: 67511116
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 327.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Greenbelt, Lot 6500-9999
  • Lot Size Sq Ft: 6534.00
  • Price Per Lot Square Foot: 198.19

Multi Family

  • Gross Income: 6595.00
  • Gross Scheduled Income: 80000.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 56000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Lot: 1
  • Tax Tract Number: 12432

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
11/14/2016 11/14/16 Sold $1,212,500 -6.4% $328 / Sq Ft
04/18/2016 04/18/16 For Sale $1,295,000 -- $350 / 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: PW16081816

California Regional Multiple Listing Service (CRMLS)

APN: 675-111-16