$1,935,000
$1,728,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Matthew Scott • HomeSmart, Evergreen Realty