San Clemente, CA 92672,114 E El Portal
San Clemente, CA 92672,114 E El Portal
San Clemente, CA 92672,114 E El Portal
San Clemente, CA 92672,114 E El Portal
San Clemente, CA 92672,114 E El Portal
San Clemente, CA 92672,114 E El Portal
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$1,935,000

$1,728,000

12.0%
Est.Price: ?

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Est. payment /mo

3,998 Sqft Lot


SOLD DATE : 03/22/2022

Key Details

Sold Price $1,935,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision ,Downtown San Clemente

MLS Listing ID OC22038671

Sold Date 03/22/22

HOA Y/N No

Year Built 1971

Lot Size 3,998 Sqft

Property Description

Prime income-producing 3-plex in the heart of San Clemente, just minutes from world-class beaches and downtown shops and restaurants. Extremely stable investment building with no vacancies and fantastic tenants. Great unit mix and layouts make this building a fantastic long-term investment at the beach. All units are occupied. Unit #A is a two bedroom, 1.5 bathroom single story ground level unit. Unit #B is a two bedroom, 1.5 bathroom upper level with ocean view deck. Unit #C (pictured) is a two bedroom, 1.5 bath upper level with partial ocean view deck. Total building square footage is approx 3225 sq ft. Plenty of parking with attached 3 car garage and 3 large driveway parking spaces. On site landlord-owned laundry facility generates additional monthly income. Current actual gross income is: $77,400 / year. Pro-forma market rents approx: $97,200 / year. Ideal location west of the freeway is always easy to find great tenants. Great proximity to quaint downtown San Clemente, North Beach, train station, shopping, schools, freeway & all the world famous San Clemente Beaches. Low existing rents to prevailing market provides good upside rent potential. Operating expenses reflect revised estimated property tax amount of new purchase.

Location

State CA

County Orange

Area Sc - San Clemente Central

Interior

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 05715405

Energy Description 1800.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sean Grange • Compass
Bought with Matthew Scott • HomeSmart, Evergreen Realty
agent-avatar

+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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