- Sold Jul 15th, 2021

Property listed by Compass, Amber Booth. IDX Contact: 949-438-4340
Property Description
Enormous potential for steady rental income in this unique melrose-style beach property. Rare 6-unit Building situated on an oversized lot of 9,583 Sq. Ft. with 6 parking spaces. The building is on the West side of the freeway in the midst of the quaint seaside village of San Clemente, the Village By the Sea. The community offers world-famous surf breaks, a 2.5 mile beachside walking trail which passes by the Historical San Clemente Pier. The building will have little vacancy as the rental history is very strong. All units are 1 Bedroom, 1 Bath with remodeled Kitchen and remodeled Bathrooms. New Appliances, and new engineered hardood flooring throughout. Tasteful rustic wood beamed ceilings in the upstairs units, and two of the upstairs units feature peak-a-Boo ocean views. The exterior has been recently painted and all Windows are new. Ample parking with 6 Carports which each contain storage units. This is an enormous lot with incredible potential for redevelopment.
Property Details & Features
Property Type
- Residential Income
Year Built
- 1962
House
- 2 total stories
- Built in 1962
- Stories: 2
- 3780 total building sqft
- 2+ Common Walls
- Two
Community
- Biking
- Curbs
- Street Lights
Expenses
- Insurance Expense: $2,000
- Operating Expense: $40,000
- Water Sewer Expense: $1,200
Garage
- 6 garage spaces
Income
- Gross Income: 111200
- Gross Scheduled Income: 151200
- Net Operating Income: 111200
Laundry
- Common Area
Listing
- Listing ID: OC21077241
- 72 days on market
- Listed on 2021-04-15
Location
- County: Orange
Lot
- 9583 sqft
- 0.22 acres
- Area: 9583
- 6-10 Units/Acre
Parking
- 6 total parking spaces
Property
- Single building
- 6 units
- Property attached
Sewer
- Public Sewer
Taxes
- New Taxes: $36,000
Utilities
- 6 separate electric meters
- 7 separate gas meters
- 6 separate water meters