688 Camino De Los Mares
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.
View full listing details| Price: | $$2,149,000 |
|---|---|
| Address: | 688 Camino De Los Mares |
| City: | San Clemente |
| State: | California |
| Zip Code: | 92673 |
| Subdivision: | Other (OTHR) |
| MLS: | LG23148167 |
| Year Built: | 1973 |
| Square Feet: | 3,680 |
| Acres: | 0.320 |
| Lot Square Feet: | 0.320 acres |
| additionalParcelsYN: | no |
|---|---|
| assessments: | Unknown |
| associationYN: | no |
| average1BedAreaUnits: | Square Feet |
| average2BedAreaUnits: | Square Feet |
| average3BedAreaUnits: | Square Feet |
| averageStudioAreaUnits: | Square Feet |
| buildingAreaUnits: | Square Feet |
| capRate: | 4.3 |
| coListAgentStateLicense: | 01938313 |
| coListOfficeStateLicense: | 01909796 |
| commonWalls: | No Common Walls |
| communityFeatures: | Curbs, Gutters, Storm Drains, Street Lights, Suburban |
| country: | US |
| daysOnMarket: | 48 |
| elevationUnits: | Feet |
| entryLevel: | 1 |
| entryLocation: | rear |
| fireplaceFeatures: | Family Room |
| fireplaceYN: | yes |
| flooring: | Vinyl |
| garageSpaces: | 4 |
| grossOperatingIncome: | 133140 |
| grossScheduledIncome: | 133140 |
| heating: | Forced Air |
| heatingYN: | yes |
| insuranceExpense: | 4000 |
| landLeaseYN: | no |
| laundryFeatures: | Common Area, Dryer Included, Washer Included |
| laundryYN: | yes |
| levels: | Two |
| listAgentStateLicense: | 01491451 |
| listOfficeStateLicense: | 01909796 |
| lotFeatures: | Front Yard |
| lotSizeArea: | 13939 |
| lotSizeSource: | Assessor |
| lotSizeSquareFeet: | 13939 |
| lotSizeUnits: | Square Feet |
| mlsAreaMajor: | SC - San Clemente Central |
| netOperatingIncome: | 99855 |
| newConstructionYN: | no |
| numberOfBuildings: | 1 |
| numberOfSeparateElectricMeters: | 4 |
| numberOfSeparateGasMeters: | 4 |
| numberOfSeparateWaterMeters: | 1 |
| numberOfUnitsLeased: | 4 |
| numberOfUnitsTotal: | 4 |
| numberWithDishwasher: | 4 |
| numberWithDisposal: | 4 |
| numberWithRange: | 4 |
| numberWithRefrigerator: | 4 |
| operatingExpense: | 33285 |
| operatingExpensePercent: | 25 |
| parcelNumber: | 67511139 |
| parkingFeatures: | Driveway Up Slope From Street, Garage |
| parkingTotal: | 8 |
| parkingYN: | yes |
| poolFeatures: | None |
| poolPrivateYN: | no |
| pricePerUnit: | 537250 |
| propertyAttachedYN: | no |
| rentControlYN: | no |
| roomType: | All Bedrooms Down |
| seniorCommunityYN: | no |
| sewer: | Public Sewer |
| specialListingConditions: | Standard |
| storiesTotal: | 2 |
| subdivisionNameOther: | unknown |
| taxCensusTract: | 422.05 |
| taxLot: | 6 |
| taxTractNumber: | 7592 |
| tenantPays: | Cable TV, Electricity, Gas, Insurance |
| totalActualRent: | 133140 |
| totalExpenses: | 33418 |
| trashExpense: | 1200 |
| uncoveredSpaces: | 4 |
| utilities: | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| waterSewerExpense: | 1692 |
| waterSource: | Public |
| yearBuiltSource: | Assessor |
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