115 Avenida Miramar
San Clemente, CA 92672
MLS #OC17007605

Income
  • 3units
  • 2,962sq ft
Active Under Contract $1,350,000
Est. P&I payment: $5156.09/mo
115 Avenida Miramar, San Clemente, CA 92672
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Description for 115 Avenida Miramar, San Clemente, CA 92672
Mixed-Use Building, close to downtown San Clemente is ready for your Investor. Ole Hanson style buildings were built in 2005. Just off El Camino Real and 3 short blocks to Downtown Avenida Del Mar, sits this 3-unit property. This property has the possibility of becoming a 4-unit mixed use building (with approval from the city). The front building has 3 levels and offers a one bedroom apartment with a full bath and updated kitchen, on the 3rd floor. It has 2 decks that offer peak ocean views. The 1st and 2nd level are now office spaces with each floor having their own half bath. The 2nd floor has two private offices and each has its own deck. The 1st level office space has room for 2-3 desks and besides the large half bath has a room with door for storage or a small private office. A few steps up from the hall is the attached 2 car garage now being used as a conference room. Washer and Dryer hookup are also in the garage. The back building has 4 carport spaces. On the 2nd floor sits a one bedroom, one full bath apartment. Walk-in closet and a full deck that can be accessed from both the living room and bedroom. All offices spaces and apartments have window or wall A/C. The large paver driveway has room for guest parking. The City of San Clemente have recently rezoned this property, in 2016, to be 3.1 (Residential/Commercial) which gives the owner more options. Please contact the city to confirm all zoning ordinances.
MLS #OC17007605
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My Notes for MLS #OC17007605

General Features

  • Number Of Buildings: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Year Built: 2005
  • Elevation Units: Feet
  • Subdivision Name: Other (OTHR)
  • Subdivision Name Other: Mixed Use Buildings
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 4
  • Number With Range: 2
  • Number With Refrigerator: 2

Exterior Features

  • Carport Spaces: 4
  • Roof: Spanish Tile
  • Stories Total: 3
  • Waterfront Features: Ocean Side of Freeway,​Ocean Side Of Highway 1
  • Lot Features: Lot-Level/Flat
  • Lot Size SqFt: 4,147
  • Lot Size Units: Square Feet
  • View YN: 1
  • View: City Lights,​Peek-A-Boo
  • Garage Spaces: 2
  • Parking YN: 1
  • Parking Features: Assigned,​Carport,​Covered Parking,​Driveway,​Driveway - Pavers,​Garage,​Direct Garage Access,​Off Street,​See Remarks
  • Parking Total: 6
  • Pool Features: None
  • Property Condition: Turnkey,​Updated/Remodeled
  • Architectural Style: Spanish
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Flooring: Carpet,​Stone
  • Interior Features: 2 Staircases,​Balcony,​Ceiling Fan,​Unfurnished
  • Levels: Three Or More
  • Room Type: All Bedrooms Up,​Kitchen,​Walk-In Closet
  • Spa Features: None
  • Fireplace Features: None
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Cooling YN: 1
  • Cooling: Wall Window
  • Heating YN: 1
  • Heating: Forced Air
  • Laundry YN: 1
  • Laundry Features: Gas Dryer Hookup,​In Garage,​Washer Hookup
  • Utilities: Sewer Connected,​Water Connected
  • Water Source: Public
  • Appliances YN: 1
  • Appliances: Dishwasher,​Gas Stove,​Gas Water Heater,​Microwave,​Refrigerator
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 3

Financial Features

  • CapRate: 4.6
  • Electric Expense: 1,200
  • Gross Scheduled Income: 84,300
  • Insurance Expense: 2,640
  • Net Operating Income: 62,340
  • Operating Expense: 22,208
  • Other Expense: 15,600
  • Price Per SqFt: 455.77
  • Total Expenses: 23,408
  • Trash Expense: 248
  • Water Sewer Expense: 1,800
  • Tax Lot: 9
  • Gardner Expense: 1,920
  • Gross Income: 7,025
  • Gross Operating Income: 62,092
  • New Taxes Expense: 15,600
  • Other Expense Description: RE taxes
  • Tenant Pays: Cable TV,​Electricity
  • Total Actual Rent: 7,025

Community Features

  • Community Features: Curbs,​Sidewalks,​Street Lighting

Miscellaneous Features

  • Building Area Total: 2,962
  • Building Area Units: Square Feet
  • Days On Market: 351
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 351
  • Tax Census Tract: 421.08
  • Tax Tract Number: 779

Location

 
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Directions to 115 Avenida Miramar, San Clemente, CA 92672
N El Camino Real to Avenida Miramar
Listing information for 115 Avenida Miramar, San Clemente, CA 92672 was graciously provided by our friends at the listing brokerage, Star Estates and by listing agent Montandon Janet DRE# 01397515

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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