1819 S El Camino Real

    San Clemente, CA 92672
    • $3,950,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: OC18145330
    UPDATED: 29 min ago
    $3,950,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $395
      $/SQFT
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    This is the perfect exchange property as it is a pride of ownership OCEAN VIEW ! in the Beach city of San Clemente Ca with 19 units plus a designed managers unit next to laundry ( mangers unit is now the 19th unit so convert - designed mangers space with full kitchen-living room and bedroom by only adding a bathroom with sewer and hot/cold water next to it and then increase your cash flow by $40,000 + annual. This property is close to town/restaurants and beaches with great 4 story building visability for freeway and it also sits on El Camino Real ( main city street) plus public transportation stops in front and both North/South freeway offramps are within 100/200 ft of the property.Major upside to utilize the 19th room as like a private apt with yard and room for a private exterior spa and with a little room upgrade increase your room rates by 20%( potential) or do a B/B concept- World class Surfing with T-street, trestles, San Onofre, lowers and Dana Point harbor plus equal distance to San Diego and LA - a short drive up the to Disneyland.Laundry is on site with 30 lbs washer+ dryers plus utility room and elevator room- no long term contracts except yearly elevator service - income increase of approx 2% annual from cellular lease . THIS IS A HIGH BARRIER TO ENTRY ASSET / Do Not Walk site or contact employeesListing is for entry-advertisement publication only and owner will do all negotiations/draft responses and control escrow - administration only by Tom ODonnell

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T19:27:26.3. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/84962749

    1819 S El Camino Real San Clemente, CA 92672

    • Price: $3,950,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: OC18145330
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    10,000
    SQFT
    $395
    $/SQFT
    Neighborhood:
    SE - San Clemente Southeast
    County:
    Orange
    Area:
    SE - San Clemente Southeast
    Property Description
    This is the perfect exchange property as it is a pride of ownership OCEAN VIEW ! in the Beach city of San Clemente Ca with 19 units plus a designed managers unit next to laundry ( mangers unit is now the 19th unit so convert - designed mangers space with full kitchen-living room and bedroom by only adding a bathroom with sewer and hot/cold water next to it and then increase your cash flow by $40,000 + annual. This property is close to town/restaurants and beaches with great 4 story building visability for freeway and it also sits on El Camino Real ( main city street) plus public transportation stops in front and both North/South freeway offramps are within 100/200 ft of the property.Major upside to utilize the 19th room as like a private apt with yard and room for a private exterior spa and with a little room upgrade increase your room rates by 20%( potential) or do a B/B concept- World class Surfing with T-street, trestles, San Onofre, lowers and Dana Point harbor plus equal distance to San Diego and LA - a short drive up the to Disneyland.Laundry is on site with 30 lbs washer+ dryers plus utility room and elevator room- no long term contracts except yearly elevator service - income increase of approx 2% annual from cellular lease . THIS IS A HIGH BARRIER TO ENTRY ASSET / Do Not Walk site or contact employeesListing is for entry-advertisement publication only and owner will do all negotiations/draft responses and control escrow - administration only by Tom ODonnell
    Exterior Features

    Fence YN Yes Fencing Stone Lot Features Corners EstablishedGardenLandscapedLevel With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Total 19.00

    Interior Features

    Building Features ElevatorsLiving Quarters Condo Area Units Square Feet Laundry Features AreaIndividual RoomInsideWasher Included

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class Hotel/Motel Building Area Units Square Feet Building Status Existing Cap Rate 7.04 Country Us Effective Gross 571171 Electric Expense 12900.00 Expense Year 2018 Gross Scheduled Income 546691.00 Investment Property YN Yes Land Lease YN No Land Use Other Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 278432.00 Operating Expense 292793.00 Other Income1 24480.00 Property Sub Type Hotel/Motel Real Estate Tax Expense 42000.00 Special Listing Conditions Standard Trash Expense 1127.00 Utilities Phone ConnectedSee RemarksSewer ConnectedWater Connected Water Sewer Expense 6520.00 Water Source Public

    Listing provided courtesy of Thomas Odonnell of Homesmart, Evergreen Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T19:27:26.3. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003