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114 E El Portal, San Clemente, CA 92672
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114 E El Portal San Clemente, CA 92672

$1,935,000 Sold Price as of 03/22/2022
  • 6 Beds
  • 4.5 Baths
  • 3,225 Sq.Ft.
Sold
$1,935,000 Sold Price as of 03/22/2022 Refinance Your Mortgage
Map preview of 114 E El Portal, San Clemente, CA 92672

Property Overview: 114 E El Portal San Clemente, CA has 6 bedrooms, 4.5 bathrooms, 3,225 living square feet and 4,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime income-producing 3-plex in the heart of San Clemente, just minutes from world-class beaches and downtown shops and restaurants. Extremely stable investment building with no vacancies and fantastic tenants. Great unit mix and layouts make this building a fantastic long-term investment at the beach. All units are occupied. Unit #A is a two bedroom, 1.5 bathroom single story ground level unit. Unit #B is a two bedroom, 1.5 bathroom upper level with ocean view deck. Unit #C (pictured) is a two bedroom, 1.5 bath upper level with partial ocean view deck. Total building square footage is approx 3225 sq ft. Plenty of parking with attached 3 car garage and 3 large driveway parking spaces. On site landlord-owned laundry facility generates additional monthly income. Current actual gross income is: $77,400 / year. Pro-forma market rents approx: $97,200 / year. Ideal location west of the freeway is always easy to find great tenants. Great proximity to quaint downtown San Clemente, North Beach, train station, shopping, schools, freeway & all the world famous San Clemente Beaches. Low existing rents to prevailing market provides good upside rent potential. Operating expenses reflect revised estimated property tax amount of new purchase.

Listed by Sean Grange | BRE #01343165 | Compass
Last checked: 11 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
4,000
HOA Dues
$0/mo
Year built
1971
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22038671
City
San Clemente
County
Orange
Time on Site
786 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $77,400
  • Net Operating Income: $52,973
  • Gross Operating Income: --
  • Laundry Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $24,427
  • Electric: $600
  • Gas/Fuel: $1,800
  • New Taxes: $17,453
  • Trash: $528
  • Insurance: $2,246
  • Water/Sewer: $1,800

Property Details for 114 E El Portal

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 05715405
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Downtown San Clemente
  • Directions: Camino Real | El Portal
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local San Clemente Agent

Sale History for 114 E El Portal

Last sold for $1,935,000 on March 22nd, 2022

  • March, 2022

  • Mar 10, 2022

    Date

    Pending

    CRMLS: OC22038671

    $1,728,000

    Price

  • Mar 1, 2022

    Date

    Active

    CRMLS: OC22038671

    $1,728,000

    Price

  • November, 2012

  • Nov 5, 2012

    Date

    Sold (Public Records)

    Public Records

    $712,500

    Price

Show More

Tax History for 114 E El Portal

Assessed Value (2020): $786,010
Year Land Value Improved Value Assessed Value
2020 $620,948 $165,062 $786,010

Home Value Compared to the Market

This property vs the competition

114 E El Portal sold on March 22, 2022 for 0.17% higher than the current median sold price for the city of San Clemente which is $1,725,000. The median sold price per/sqft for San Clemente is $784 and this home is sold at $535.81 per/sqft which puts the price per square foot 31.66% lower than the current median sale per square foot for the city of San Clemente.

About 114 E El Portal

Detailed summary of property

114 E El Portal is a multi family that recently sold in San Clemente, CA 92672. This multi family property offered 6 bedrooms, 4.5 bathrooms, roughly 3,225 living square feet, and sits on an approximately 4,000 square foot lot. 114 E El Portal was first listed on ArdentRealEstateGroup.com on March 1, 2022. The homeowner sold the property for $1,935,000. Home in San Clemente are selling for a median price of $1,725,000 and a median price per square foot of $784. Based on Ardent Real Estate Group's San Clemente Market Data, this home is sold 0.17% higher than the current median priced home. Local homes that are currently for sale include 222 Costa Mesa St, 150 Cecil Pl and 1924 Maple Ave. While the average home in San Clemente, CA is selling in 53 days, 114 E El Portal has a days on market of 9 days. There are currently 172 homes for sale in the San Clemente real estate market and 142 of them are single family homes while 26 of them are condos and 4 are townhomes. For more information on this home for sale at 114 E El Portal San Clemente, CA 92672 contact Ardent Real Estate Group and we will put you in touch with one of our San Clemente agents.

Public Facts for 114 E El Portal

Public county record property details
Beds
--
Baths
--
Year built
1971
Sq. Ft.
3,225
Lot Size
4,869
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
23
APN
057-154-05

The source for these homes facts are from public records.

92672 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,999,000
Median List Price/Sq.Ft.
$994
Median Sold Price
$1,850,000
Median Sold Price/Sq.Ft.
$871
Total Inventory
102
Median Sale to List Price %
97.42%
Avg Days on Market
28
Loan Type
Conventional (39.29%), FHA (0%), VA (0%), Cash (32.14%), Other (28.57%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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