$1,400,000
SOLD JUN 28, 2019
6 Beds
5 Baths
3,110 Sq Ft
3,761 Sq Ft Lot

Recently Sold

$450 Per Sq Ft

11% Below List Price

122 Days on Market

Highlights

  • Laundry Room
  • Las Palmas Elementary School Rated A-
  • 3-minute walk to Max Berg Park

About This Home

As of June 2019

803 Calle Puente is nestled among the rolling hills above the Pacific Coastline in the city of San Clemente, just two blocks from direct beach access and only a few blocks from Avenida Del Mar, San Clemente's downtown featuring the city's best shops, entertainment & dinning. The city of San Clemente is known for legendary surfing, endless hiking trails and laid back beach city lifestyle.

The offering at 803 Calle Puente is situated on a corner lot, giving the building excellent exposure. This 3-unit apartment building is comprised of an excellent mix of (1) one bedroom/one bathroom unit, (1) two bedroom/two bathroom unit & (1) three bedroom/two bathroom unit. 803 Calle Punete offers tenants garage parking w/driveway & ample street parking, patios & balconies and on-site laundry. Offering upside on current rents that are not subject to rent control, this investment opportunity offers an investor a prized piece of California's coastal real estate

*2 Blocks to Direct Beach Access, *Great Unit Mix of 1, 2 & 3 Bedroom, *Perfect for Owner Occupy, *Exceptionally Large Units, *Garages, *10 Year Fixed, Interest Only Financing Available

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 01/07/2019

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 01/07/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 3,761 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Interior Spaces

  • 3,110 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 794
  • Assessor Parcel Number 69207210

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,244
  • Maintenance Expense $4,045
  • Other Expense $3,060
  • New Taxes Expense $14,766
  • Operating Expense $23,995
  • Gross Income $720
  • Net Operating Income $56,903

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.90
  • Other Phone Description: Office Phone
  • Other Phone Number: 9492518800
  • Property Attached: No
  • Zoning: R-3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 69207210
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 450.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3761.00
  • Lot Size Acres: 0.0863

Multi Family

  • Gross Income: 720.00
  • Gross Multiplier: 17.51
  • Gross Operating Income: 80898.00
  • Gross Scheduled Income: 83400.00
  • Insurance Expense: 1244.00
  • Laundry Income: 720.00
  • Lot Size Area: 3761.0000 Square Feet
  • Maintenance Expense: 4045.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 56903.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 23995.00
  • Operating Expense Percent: 28.80
  • Other Expense: 3060.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 23995.00
  • Vacancy Allowance: 2502
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14766.00
  • Tax Census Tract: 421.08
  • Tax Lot: 1
  • Tax Tract Number: 794

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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
07/18/2020 07/18/20 Rented $1,850 0.0% --
07/16/2020 07/16/20 Off Market $1,850 -- --
07/13/2020 07/13/20 For Rent $1,850 0.0% --
10/22/2019 10/22/19 Rented $1,850 0.0% --
10/21/2019 10/21/19 Off Market $1,850 -- --
10/17/2019 10/17/19 For Rent $1,850 0.0% --
06/28/2019 06/28/19 Sold $1,400,000 +49900.0% $450 / Sq Ft
05/09/2019 05/09/19 Pending -- -- --
04/03/2019 04/03/19 Rented $2,800 0.0% --
04/01/2019 04/01/19 Off Market $2,800 -- --
03/18/2019 03/18/19 Price Changed $2,800 +1.8% $2 / Sq Ft
03/15/2019 03/15/19 Price Changed $2,750 0.0% $2 / Sq Ft
03/12/2019 03/12/19 Price Changed $1,460,000 -2.3% $469 / Sq Ft
02/01/2019 02/01/19 Price Changed $1,495,000 0.0% $481 / Sq Ft
01/29/2019 01/29/19 Price Changed $2,795 0.0% $2 / Sq Ft
01/07/2019 01/07/19 For Sale $1,575,000 0.0% $506 / Sq Ft
12/21/2018 12/21/18 For Rent $2,895 0.0% --
12/19/2018 12/19/18 Off Market $2,895 -- --
12/07/2018 12/07/18 Price Changed $2,895 -1.9% $2 / Sq Ft
11/09/2018 11/09/18 For Rent $2,950 0.0% --
07/01/2017 07/01/17 Rented $2,950 0.0% --
06/16/2017 06/16/17 For Rent $2,950 -- --
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: PW19004942

California Regional Multiple Listing Service (CRMLS)

APN: 692-072-10