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Key Details
Sold Price $3,230,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP14032451
Sold Date 04/15/14
Construction Status Updated/Remodeled,Termite Clearance,Turnkey
HOA Y/N No
Year Built 1963
Lot Size 0.350 Acres
Property Description
15 Ocean View Apartments, no Vacancies, all rents on time. Located on the Oceanside of N. El Camino Real: 1) 2 Bedroom, 8) One Bedrooms, 6) Studios. RENTS ARE LOW! Nearly all of the units have fantastic ocean, city light & coastline views, all of the uppers have Open Beam Vaulted Ceilings. The 1 & 2 Bedrooms units have Mid Century Modern Kitchens (the Studios have Kitchenettes). All have a Balcony or a Patio, there are 13 carports & 2 open spaces (1 space per unit). The laundry room produces income, there are storage closets in the carports. These have been incredibly well maintained and managed by the owner that lives nearby, the owners have done a far better job keeping this place up than you could hope for. There are updated showers with Tile or Stone, Granite Counter Tops, Tile & other upgrades in most of the units. The owners have gone to great expense to keep the integrity of the Mid Century feel in these homes, this has made these units rent immediately to the highest quality tenants. This has been more than an income property to the owner, this has been a labor of love! Outstanding condition, the location is stellar, the tenants are the nicest bunch of folks you could ask for. I have been in ALL of the units, my comments are accurate.
Location
State CA
County Orange
Area Sc - San Clemente Central
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Flooring See Remarks
Fireplace No
Laundry Common Area
Exterior
Garage Assigned
Carport Spaces 13
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
View Y/N Yes
View City Lights, Coastline, Mountain(s), Ocean
Accessibility None
Parking Type Assigned
Total Parking Spaces 15
Private Pool No
Building
Lot Description Irregular Lot
Story 3
Entry Level Two
Water Public
Level or Stories Two
Construction Status Updated/Remodeled,Termite Clearance,Turnkey
Others
Senior Community No
Tax ID 69238138
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Outside Agent • Newport Recip Listings