1606 Calle Las Bolas

    San Clemente, CA 92672
    • $1,150,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: OC18256908
    UPDATED: 72 min ago
    $1,150,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,500
      SQFT
    • $767
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Spectacular location for three contiguous Pride of Ownership investment properties in the highly desirable and historic beach community of San Clemente on the ocean side of El Camino Real. The three parcels consist of two 4 unit buildings and a charming 50's cottage. 1606 Calle Las Bolas consists of 4 studio apartments. The efficient and easy to rent studios have wood beam ceilings.Invest in the true essence of coastal living in this classic 1950's income property. This unique offering is a rare opportunity to purchase three contiguous properties with good income yet still has room for income growth depending on your vision (value add or develop the property). This beach side area is experiencing an increase in development, renovation of historic properties and expansion. Properties are just a 5 minute walk to the beach, Ole Hanson Beach Club, train station platform, beach trails, restaurants and shopping. The new outlet mall is a short 5 minute drive. It is an excellent time to add this special property to your real estate portfolio!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T07:31:47.517. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88787064

    1606 Calle Las Bolas San Clemente, CA 92672

    • Price: $1,150,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: OC18256908
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1,500
    SQFT
    $767
    $/SQFT
    1955
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    SC - San Clemente Central
    Property Description
    Spectacular location for three contiguous Pride of Ownership investment properties in the highly desirable and historic beach community of San Clemente on the ocean side of El Camino Real. The three parcels consist of two 4 unit buildings and a charming 50's cottage. 1606 Calle Las Bolas consists of 4 studio apartments. The efficient and easy to rent studios have wood beam ceilings.Invest in the true essence of coastal living in this classic 1950's income property. This unique offering is a rare opportunity to purchase three contiguous properties with good income yet still has room for income growth depending on your vision (value add or develop the property). This beach side area is experiencing an increase in development, renovation of historic properties and expansion. Properties are just a 5 minute walk to the beach, Ole Hanson Beach Club, train station platform, beach trails, restaurants and shopping. The new outlet mall is a short 5 minute drive. It is an excellent time to add this special property to your real estate portfolio!
    Exterior Features

    Garage Spaces 0.00 Lot Features LandscapedLot-Level/FlatNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street View Neighborhood View YN Yes

    Interior Features

    Appliances Free Standing Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Flooring Carpet Heating Wall Heater Heating YN Yes Laundry Features Community Room Type All Bedrooms Down

    Property Features

    Accessibility Features No Interior Steps Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lighting Country Us Electric Electricity - On Property Electric Expense 226.00 Elevation Units Feet Fuel Expense 380.00 Gardener Expense 500.00 Gross Income 51660.00 Gross Operating Income 51660.00 Gross Scheduled Income 51660.00 Insurance Expense 1460.00 Land Lease YN No Laundry YN Yes Net Operating Income 41688.00 New Construction YN No New Taxes Expense 12650.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Range 4 Operating Expense 9972.00 Other Expense 5644.00 Other Expense Description Repairs Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Custom Tenant Pays Cable TvElectricityGas Total Actual Rent 4305.00 Total Expenses 9972.00 Trash Expense 839.00 Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedWater Connected Water Sewer Expense 923.00 Water Source Public Year Built Source Estimated

    Listing provided courtesy of Betty Elkins-Rice of Betty Elkins-Rice and Babette Ison of Coldwell Banker Residential Br.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T07:31:47.517. 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. Licensed in the State of California, USA.
     
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