688 Camino De Los Mares, San Clemente, CA 92673
- $2,050,000
- Sold Price
- $2,050,000
- List Price
- $2,099,000
- Closing Date
- Nov 02, 2023
- Status
- CLOSED
- MLS#
- LG23148167
- Year Built
- 1973
- Lot Size
- 13,939
- Acres
- 0.32
- Lot Location
- Front Yard
- Days on Market
- 61
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Unknown
Property Description
Most people know San Clemente is famous for having "The World's Best Climate" but it also has so much more: World-class beaches, outdoor mall, great dining, award-winning schools and that casual, laid-back California lifestyle that is the envy of the world. This property has been mostly updated by the current owners with the three-bedroom unit and one of the two-bed units completely updated with new luxury-vinyl floors, new appliances, recessed lighting, custom tiled baths, new bathroom fixtures and quartz counter tops. The other two-bed unit has been newly refreshed with partial vinyl flooring (kitchen, baths and bedrooms), paint, lighting and other nice touches. Along with the improvements, rents have been brought up to current levels, resulting in an excellent cap rate and not forcing the new owner to wrestle with challenging evictions...the work has already been done.
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Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Family Room
- Heat
- Forced Air
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $133,140
- Operating Expense
- 33285
Listing courtesy of Listing Agent: David Csira (dave@lagunabeachproperties.net) from Listing Office: Laguna Beach Properties.
Listing sold by Rod Rodrigues from 2020 Realty
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