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    501 Monterey Lane

    San Clemente, CA 92672
    • $2,250,000
    • STATUS: Closed
    • ON SITE: 287 days
    • ID#: OC19256071
    Sold - 03/25/2020
    $2,250,000
    SOLD - 03/25/2020
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,902
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    This is a very rare opportunity to acquire a magnificent Ocean View Fourplex in San Clemente's coveted "Pier Bowl" . The property sits on a prime elevated lot just steps away from the Historic Pier, the Beach Trail and the pristine sandy beach . Commanding view of the surf and the ocean to Catalina and beyond are enjoyed from inside the property and from the expansive common area and surrounding decks. Pride of ownership is evident throughout ; Apart from numerous interior upgrades the exterior stucco has been finished with Loxon paint, vinyl dual pane windows have been installed and the Solar Panels have been paid for to ensure very low utility bills. The property is in the Pier Bowl Specific zone and is zoned to allow short term vacation rentals.

    Sold by Patrick Dailey of Realty One Group West.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-15T11:26:20.68. 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 deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/100488909
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    501 Monterey Lane San Clemente, CA 92672

    • Price: $2,350,000
    • Status: Closed
    • Updated: 41 min ago
    • ID#: OC19256071
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,902
    SQFT
    $0
    $/SQFT
    1953
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    SC - San Clemente Central
    Property Description
    This is a very rare opportunity to acquire a magnificent Ocean View Fourplex in San Clemente's coveted "Pier Bowl" . The property sits on a prime elevated lot just steps away from the Historic Pier, the Beach Trail and the pristine sandy beach . Commanding view of the surf and the ocean to Catalina and beyond are enjoyed from inside the property and from the expansive common area and surrounding decks. Pride of ownership is evident throughout ; Apart from numerous interior upgrades the exterior stucco has been finished with Loxon paint, vinyl dual pane windows have been installed and the Solar Panels have been paid for to ensure very low utility bills. The property is in the Pier Bowl Specific zone and is zoned to allow short term vacation rentals.
    Exterior Features

    Architectural Style Craftsman Construction Materials Stucco Foundation Details Slab Garage Spaces 4.00 Lot Features Corner LotRectangular LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Composition Spa Features None Spa YN No View CatalinaCity LightsCoastlineOceanPanoramicPierWaterWhite Water View YN Yes Waterfront Features Ocean Side Of FreewayOcean Side Of Highway 1

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 725 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S) Laundry Features In Garage Levels Two Window Features Double Pane WindowsInsulated Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Storm DrainsStreet LightsUrban Country Us Electric Photovoltaics Seller Owned Electric Expense 180.00 Elevation Units Feet Exclusions Tenants Personal Property Fuel Expense 1572.00 Green Energy Generation Solar Gross Income 153600.00 Gross Multiplier 15.30 Gross Scheduled Income 153600.00 Insurance Expense 3432.00 Land Lease YN No Laundry Income 300.00 Laundry YN Yes Licenses Expense 36.00 Maintenance Expense 4135.00 Net Operating Income 115395.00 New Construction YN No New Taxes Expense 25850.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Dishwasher 4 Number With Range 4 Operating Expense 38205.00 Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Closed Circuit Camera(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Pier Bowl Tenant Pays None Total Actual Rent 8600.00 Total Expenses 38205.00 Trash Expense 480.00 Water Sewer Expense 2520.00 Water Source Public Year Built Source Assessor Zoning R4

    Listing provided courtesy of Louis Dillon of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-15T11:26:20.68. 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 deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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