San Clemente, CA 92672,112 Avenida Pelayo

$3,230,000

$3,350,000

3.6%
Est.Price: ?

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Est. payment /mo

0.35 Acres Lot


SOLD DATE : 04/15/2014

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

Interior

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

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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California Regional MLS (CRMLS)
Listed by Robert Koop • Tekoop Properties, Inc.
Bought with Outside Agent • Newport Recip Listings
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