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For more information on this property, contact Patrick Parry at 9492358614 or pat@patparryhomes.com

221 Avenida Miramar
San Clemente, California CA 92672-4739
Sold For: $1,680,000
Listing ID OC23042600
Status Closed
Sold Date 4/10/2023
Price/SqFt $873.18
SqFt 1,924
Acres 0.090
Subdivision Other (OTHR)
Year Built 1965

Property Description:

This is an outstanding chance to acquire an incredible income-generating property that comprises two distinct units. The first unit consists of two cozy bedrooms with one bathroom, while the second unit offers three spacious bedrooms with two bathrooms. Both units feature comfortable living spaces that are sure to please. In addition, there is an onsite laundry room, a separate garage, and a storage space/workroom. Situated close to the San Clemente pier, this property provides easy access to the beautiful beaches of San Clemente, as well as a wide range of restaurants, cafes, and shops. Furthermore, it is conveniently located just a short drive from major freeways, enabling visitors to explore other parts of Orange County with ease. This exceptional opportunity comes with a host of benefits and investment potential for anyone interested in generating rental income. Don't miss out on this opportunity to invest in a remarkable property.

Primary Features

County: Orange
Price/SqFt: 873.18
Property Sub Type: Duplex
Property Type: Residential Income
Subdivision: Other (OTHR)
Year Built: 1965

Interior

Appliances: yes
Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater Central, Water Heater
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Cooling: no
Cooling Type: None
Fireplace: no
Fireplace Features: None
Flooring: Laminate, Tile
Garage Spaces: 2
Heating: yes
Heating Type: Wall Furnace
Laundry: yes
Laundry Features: Dryer Included, Individual Room, Washer Included
Levels: Two
Number With Dishwasher: 2
Number With Range: 2
Number With Refrigerator: 1
Room Type: Living Room
Spa: no
Spa Features: None
Stories Total: 2

External

Architectural Style: Mid Century Modern
Lot Features: 6-10 Units/Acre
Lot Size Area: 3920
Lot Size Source: Assessor
Lot Size Square Feet: 3920
Number Of Buildings: 2
Parking: yes
Parking Features: Driveway, Garage
Parking Total: 2
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
View: no
View Type: None
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: SC - San Clemente Central

Additional

Accessibility Features: None
Additional Parcels: no
Association: no
Community Features: Sidewalks
Days On Market: 11
List Agent State License: 01478815
List Office State License: 00616212
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Number Of Separate Water Meters: 1
Number Of Units Total: 2
Parcel Number: 05812209
Property Condition: Repairs Cosmetic
Senior Community: no
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Year Built Source: Assessor

Financial

Cap Rate: 3.9
Gross Operating Income: 80400
Gross Scheduled Income: 80400
Insurance Expense: 2000
Land Lease: no
Laundry Equipment Own Lease: Own
Net Operating Income: 58990
New Taxes Expense: 15150
Operating Expense: 21410
Price Per Unit: 750000
Rent Control: yes
Special Listing Conditions: Standard
Tax Block: 14
Tax Census Tract: 421.08
Tax Lot: 11
Tax Tract Number: 779
Tenant Pays: Electricity, Gas
Total Expenses: 21410
Trash Expense: 2880
Vacancy Allowance Rate: 3
Water Sewer Expense: 600

Zoning Info


Area Info


© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Watts Residential or one of their associates. Last updated Thursday, March 28th, 2024.

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Contact - Listing ID OC23042600

Patrick Parry

24302 Del Prado, #B
Dana Point, CA 92629
Phone: 9492358614

Data services provided by IDX Broker
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