NOT LISTED FOR SALE
8 Beds
7 Baths
3,680 Sq Ft
0.32 Acres

Last Sold November 02, 2023

Last sale price $2,050,000 $557 Per Sq Ft

62 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Forced Air Heating System
  • Marblehead Elementary School Rated A-
  • Laundry Room
  • 4 Car Garage

About This Home

As of November 2023

Most people know San Clemente is famous for having "The World's Best Climate" but it also has so much more: World-class beaches, outdoor mall, great dining, award-winning schools and that casual, laid-back California lifestyle that is the envy of the world. This property has been mostly updated by the current owners with the three-bedroom unit and one of the two-bed units completely updated with new luxury-vinyl floors, new appliances, recessed lighting, custom tiled baths, new bathroom fixtures and quartz counter tops. The other two-bed unit has been newly refreshed with partial vinyl flooring (kitchen, baths and bedrooms), paint, lighting and other nice touches. Along with the improvements, rents have been brought up to current levels, resulting in an excellent cap rate and not forcing the new owner to wrestle with challenging evictions...the work has already been done.

Last Agent to Sell the Property

Dave Csira

Laguna Beach Properties License #01491451 Listed on: 08/09/2023

Co-Listed By

Kelly LeClair

Inhabit Real Estate License #01938313

Last Buyer's Agent

Rod Rodrigues

2020 Realty License #01992249

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway Up Slope From Street

Home Design

  • Quadruplex

Interior Spaces

  • 3,680 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Tax Lot 6
  • Tax Tract Number 7592
  • Assessor Parcel Number 67511139
  • $36 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,692
  • Operating Expense $33,418
  • Gross Income $133,140
  • Net Operating Income $99,855

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.30
  • Price Per Unit: 524750
  • Property Attached: No
  • Subdivision Name Other: unknown
  • Water Sewer Expenses: 1692.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 67511139
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: rear
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 557.07
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway Up Slope From Street, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 13939.00
  • Lot Size Acres: 0.3200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Gross Income: 133140.00
  • Gross Operating Income: 133140.00
  • Gross Scheduled Income: 133140.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 13939.0000 Square Feet
  • Net Operating Income: 99855.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 33285.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 133140.00
  • Total Expenses: 33418.00

Tax Info

  • Tax Census Tract: 422.05
  • Tax Lot: 6
  • Tax Tract Number: 7592
  • TaxOtherAnnualAssessmentAmount: 36.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/02/2023 11/02/23 Sold $2,050,000 -2.3% $557 / Sq Ft
10/04/2023 10/04/23 Price Changed $2,099,000 -2.3% $570 / Sq Ft
09/12/2023 09/12/23 Price Changed $2,149,000 -6.5% $584 / Sq Ft
08/09/2023 08/09/23 For Sale $2,299,000 +39.3% $625 / Sq Ft
06/21/2022 06/21/22 Sold $1,650,000 -2.9% $448 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/05/2022 06/05/22 For Sale $1,699,000 -- $462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG23148167

California Regional Multiple Listing Service (CRMLS)

APN: 675-111-39