Sq.Ft. Lot3,920
Year1965
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Status:
Under Contract
Property Type:Duplex
MLS #:OC23042600
On Site:19 Days
Lot Size:3,920 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Brian Sperry
Office:Coldwell Banker Realty
Broker Phone:949-667-3300
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.
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Community Information
Address:221 Avenida Miramar, San Clemente, CA 92672
Area:SC - San Clemente Central
County:Orange
City:San Clemente
Subdivision:/
Zip Code:92672
Architecture
Year Built:1965
Stories:2
Style:Mid-Century Modern
Building Area: 1924.0
Number of Buildings: 2
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit • 3 Beds • 2 Baths • Unfurnished • $2,700 actual rent • $32,400 total rent • $3,900 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $2,800 pro forma
Garage Spaces: 2.0
Parking Features: Driveway, Garage
Parking Total: 2.0
Features / Amenities
Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater, Dryer, Washer
Flooring: Laminate, Tile
Laundry: Laundry Room
Common Walls: 2+ Common Walls
Heating: Wall Furnace
Rooms
| Living Room |
Property Features
Lot Size:
0.09 Acres / 3,920 Sq. Ft.
Lot Features: Item610UnitsAcre
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Directions:Between El Camino Real and Ola Vista
Tax and Financial Info
Cap Rate: 3.9
Gross Income: $80,400
Gross Scheduled Income: $80,400
Net Operating Income: $58,990
Insurance Expense: $2,000
New Taxes Expense: $15,150
Trash Expense: $2,880
Water/Sewer Expense: $600
Operating Expense: $21,410
Terms: CashtoNewLoan
Tenant Pays: Electricity, Gas
Schools
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221 Avenida Miramar San Clemente, CA 92672
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Based on information from California Regional Multiple Listing Service, Inc. as of April 1, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
