NOT LISTED FOR SALE

626 S El Camino Real San Clemente, CA 92672

Southwest San Clemente Neighborhood

Estimated Value: $1,759,315

5 Beds
3 Baths
2,661 Sq Ft
$661/Sq Ft Est. Value

Last Sold April 06, 2018

Last sale price $969,500 $364 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $10,277/month

51 Days on Market

Highlights

  • City Lights View
  • Open Floorplan
  • Fireplace in Primary Bedroom
  • Concordia Elementary School Rated A
  • Cape Cod Architecture
  • Property is near public transit

About This Home

As of April 2018

GREAT INCOME PROPERTY OPPORTUNITY!! Large duplex in a prime downtown San Clemente location zoned for commercial use! Minutes to world class restaurants, shopping, beach, pier and freeway access! Fully leased with long term tenants has never been vacant due to desirable location and spacious units! The lower 2 bedroom, 1 bath unit with one car garage has been completely remodeled within the last year with new flooring, kitchen, bathroom, paint, moldings, dutch door and fixtures throughout. The large upper unit features 3 bedrooms PLUS large loft with skylights on 2 levels with a 2 car garage. Remodeled bathroom with quartz counter top and new fixtures. Master bedroom with fireplace and sliding door. Living and family rooms with tile flooring, flow through stone fireplace and sliding door. Spacious kitchen with granite counters, garden window and breakfast bar that opens to the family room. Newer windows, dutch door, exterior paint, furnace and water heater. Massive 600 sf deck and private yard away from road noise and traffic. The upper unit has lots of natural light, high ceilings and character but could be remodeled to add value and increase income. Commercial zoning is valuable based on the prime location on El Camino Real and offers added value potential for your investment. Many possibilities and options to add value and increase your return on investment!

Last Agent to Sell the Property

Dean Lueck

Compass License #01752859 Listed on: 12/02/2017

Compass

Last Buyer's Agent

Raul Ramos

Select Homes & Investments Inc License #01723600

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,960

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 3,920 Sq Ft Lot
  • No Common Walls
  • Lot Sloped Down

Parking

  • 3 Car Garage
  • Parking Available
  • No Driveway

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Duplex
  • Cape Cod Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,661 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Two Way Fireplace
  • See Through Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Loft
  • Laminate Flooring

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV
  • Legal Lot and Block 4 / 11
  • Tax Tract Number 779
  • Assessor Parcel Number 05809404

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $139
  • Gardener Expense $1,200
  • Insurance Expense $889
  • Maintenance Expense $1,200
  • Trash Expense $256
  • Water Sewer Expense $331
  • New Taxes Expense $11,000
  • Operating Expense $15,015
  • Gross Income $50,940
  • Net Operating Income $35,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,960

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 3.50
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Downtown
  • View: Yes
  • Water Sewer Expenses: 331.00
  • Zoning: Commercial
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 05809404
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Stone Counters, Unfurnished
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Fireplace Features: Family Room, Living Room, Primary Bedroom, See Through, Two Way
  • Levels: Three Or More
  • Price Per Square Foot: 364.34
  • Room Type: Family Room, Kitchen, Living Room, Loft, Main Floor Bedroom, Main Floor Primary Bedroom, Separate Family Room

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, No Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Trash Expense: 256.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down, Near Public Transit
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900
  • Latitude Manual: 33.42415000

Rental Info

  • Tenant Pays: All Utilities, Cable TV

Multi Family

  • Average2 Bed Area: 788 Square Feet
  • Average3 Bed Area: 1873 Square Feet
  • Fuel Expense: 139.00
  • Gross Income: 50940.00
  • Gross Multiplier: 20.00
  • Gross Scheduled Income: 50940.00
  • Insurance Expense: 889.00
  • Lot Size Area: 3920.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 35925.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 15015.00
  • Rent Control: No
  • Total Actual Rent: 50940.00
  • Total Expenses: 15015.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Block: 11
  • Tax Census Tract: 421.03
  • Tax Lot: 4
  • Tax Tract Number: 779

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2020
Sold by
Ramos Fernando
Bought by
Ramos Fernando
Current Estimated Value
$1,759,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$876,200
Outstanding Balance
$778,686
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$980,629

Purchase Details

Closed on
Sep 7, 2019
Sold by
Ramos Fernando
Bought by
Ramos Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,300
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Closed on
Nov 7, 2018
Sold by
Ramos Fernando
Bought by
The Franando Ramos Jr Revocable Trust

Purchase Details

Closed on
Jan 25, 2018
Sold by
Howell Marcia
Bought by
Ramos Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$897,037
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Jun 10, 2017
Sold by
Terrill George Sherman
Bought by
Terrill George Sherman

Purchase Details

Closed on
Jun 8, 2001
Sold by
Seller Marietta
Bought by
Terrill George Sherman

Purchase Details

Closed on
Apr 6, 2001
Sold by
Butterfield Clarence E and Butterfield Catherine Joan
Bought by
Terrill George Sherman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
7.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ramos Fernando -- Fidelity National Title Co
Ramos Fernando -- Fidelity National Title Co
Ramos Fernando -- Old Republic Title Company
Ramos Fernando -- Old Republic Title Company
The Franando Ramos Jr Revocable Trust -- None Available
Ramos Fernando $989,500 Western Resources Title Co
Terrill George Sherman -- None Available
Terrill George Sherman -- United Title Company
Terrill George Sherman $265,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Fernando $876,200
Closed Ramos Fernando $890,300
Previous Owner Ramos Fernando $897,037
Previous Owner Terrill George Sherman $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2018 04/06/18 Sold $969,500 -5.8% $364 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
01/10/2018 01/10/18 Price Changed $1,028,800 -6.0% $387 / Sq Ft
12/02/2017 12/02/17 For Sale $1,095,000 -- $411 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $10,960 $1,103,121 $796,480 $306,641
2024 $10,960 $1,081,492 $780,863 $300,629
2023 $10,728 $1,060,287 $765,552 $294,735
2022 $10,524 $1,039,498 $750,542 $288,956
2021 $10,321 $1,019,116 $735,825 $283,291
2020 $10,218 $1,008,667 $728,280 $280,387
2019 $10,017 $988,890 $714,000 $274,890
2018 $9,825 $969,500 $700,000 $269,500
2017 $3,524 $346,431 $253,181 $93,250
2016 $3,457 $339,639 $248,217 $91,422
2015 $3,382 $332,246 $244,488 $87,758
2014 $3,317 $325,738 $239,699 $86,039
Source: Public Records

Agents Affiliated with this Home

  • Dean Lueck

    Seller's Agent in 2018

    Dean Lueck

    Compass

    (949) 275-1801

    1 in this area

    137 Total Sales

    Dean Lueck
    Section Image

  • R

    Buyer's Agent in 2018

    Raul Ramos

    Select Homes & Investments Inc

    Raul Ramos
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17268544

California Regional Multiple Listing Service (CRMLS)

APN: 058-094-04

California Orange County San Clemente 92672 Southwest San Clemente

626 S El Camino Real, San Clemente, CA

This home is located at 626 S El Camino Real, San Clemente, CA 92672 since 02 December 2017 and is currently estimated at $1,759,315, approximately $661 per square foot. This property was built in 1956. 626 S El Camino Real is a home located in Orange County with nearby schools including Concordia 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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