$1,650,000
SOLD JUN 21, 2022
8 Beds
7 Baths
3,680 Sq Ft
0.32 Acres

Recently Sold

$448 Per Sq Ft

3% Below List Price

1 Day on Market

Highlights

  • No HOA
  • Cul-De-Sac
  • 4 Car Garage
  • Marblehead Elementary School Rated A-
  • Laundry Room
  • Front Yard

About This Home

As of November 2023

Great opportunity to own a well located 4-plex in the heart of San Clemente. Located conveniently to shopping, medical, entertainment and activities it doesn't get much better in beautiful San Clemente with amazing weather and still so close to beautiful beaches! The quadraplex has very long term tenants and rents are extremely low with a lot of upside. Parking here is abundant which is rare in so many apartment communities. Has 4 separate one car garages and plenty of driveway and street parking also. These are nice spacious apartments and with a few minor interior touches an owner could really increase the value and rents of this building.

Last Agent to Sell the Property

Brian Kamenca

Coldwell Banker Realty License #00858860 Listed on: 06/05/2022

Coldwell Banker Realty

Last Buyer's Agent

Brian Kamenca

Coldwell Banker Realty License #00858860 Listed on: 06/05/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Cul-De-Sac
  • Front Yard

Parking

  • 4 Car Garage
  • Rear-Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway Level
  • On-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,680 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 7592
  • Assessor Parcel Number 67511139
  • $34 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $865
  • Fuel Expense $2,270
  • Insurance Expense $2,200
  • Trash Expense $1,100
  • Water Sewer Expense $3,324
  • Operating Expense $24,494
  • Net Operating Income $61,906

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 424750
  • Property Attached: No
  • Water Sewer Expenses: 3324.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 67511139
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 448.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Driveway, Driveway Level, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, Street
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 1100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard
  • Lot Size Sq Ft: 13939.00
  • Lot Size Acres: 0.3200

Multi Family

  • Electric Expense: 865.00
  • Fuel Expense: 2270.00
  • Gross Scheduled Income: 86385.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 13939.0000 Square Feet
  • Net Operating Income: 61906.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23000.00
  • Rent Control: Yes
  • Total Actual Rent: 7198.00
  • Total Expenses: 24494.00

Tax Info

  • Tax Census Tract: 422.05
  • Tax Lot: 6
  • Tax Tract Number: 7592
  • TaxOtherAnnualAssessmentAmount: 34.00

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
11/02/2023 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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22119982

California Regional Multiple Listing Service (CRMLS)

APN: 675-111-39