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2623 Calle Del Comercio, San Clemente, CA 92672
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2623 Calle Del Comercio San Clemente, CA 92672

$2,100,000 Sold Price as of 03/15/2024
  • 9 Beds
  • 8 Baths
  • 3,482 Sq.Ft.
Sold
$2,100,000 Sold Price as of 03/15/2024 Refinance Your Mortgage
Map preview of 2623 Calle Del Comercio, San Clemente, CA 92672

Property Overview: 2623 Calle Del Comercio San Clemente, CA has 9 bedrooms, 8 bathrooms, 3,482 living square feet and 5,227 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2623 Calle Del Comercio is a well-kept 4-plex located in the beautiful coastal City of San Clemente, California. Rarely does multifamily come to market that offers both ocean & golf course views! Built in 1990, 2623 Calle Del Comercio is a newer multifamily investment property that offers the desirable coastal living experience. This unique asset features a strong unit mix of three 2 bedroom, 2 bath units and one 3 bedroom, 2 bath unit. The property offers approximately 3,482 rentable square feet situated on a 0.12 acre parcel adjacent to the San Clemente Municipal Golf Course. The property includes four individual private garages, covered parking, open on-site as well as street parking. The top two units have private balconies facing west that offer panoramic ocean views! All four units have private balconies facing east with expansive views of the Golf Course. For tenant convenience, all units include washer & dryer hook ups which offers a “condominium living” experience. Additionally, the property has a newer roof, windows and decking throughout. The asset is strategically situated next to the San Clemente Golf Course, a very quiet sub-market in Southside San Clemente. San Clemente is a relaxing beach town and popular place to vacation. In the summer, there is a trolley system that shuttles around town and up to Laguna Beach. A short walk from the property will take you to El Camino Real, San Clemente’s main street that includes various retail, restaurants, boutiques and much more. Within one mile away lies one of the most popular beaches in town, San Clemente State Beach. This offering provides an investor the opportunity to acquire a Class A located investment property that is rarely vacant and ideally located. The strong rental demand for coastal properties in San Clemente will provide an investor with a predictable income stream & appreciation for many years to come. This property is a rare find and presents an incredible opportunity to own one of the most coveted investment properties in Southern California.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 1 minute ago | Last updated: March 16th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,227
HOA Dues
$0/mo
Year built
1990
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC24035190
City
San Clemente
County
Orange
Time on Site
55 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $3,695
  • Pro Forma/Market Rent: $3,695
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,267
  • Total Rent: $6,800
  • Pro Forma/Market Rent: $9,885
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.1%
  • Gross Rent Multiplier: 21.01
  • Gross Scheduled Income: $114,000
  • Net Operating Income: $74,241
  • Gross Operating Income: $111,720
  • Vacancy Allowance: $2,280
  • Gross Spendable Income: $74,241
Annual Expense Breakdown
  • Total Operating Expense: $37,479
  • New Taxes: $25,989
  • Trash: $2,890
  • Gardener: $600
  • Insurance: $2,000
  • Maintenance: $2,000
  • Water/Sewer: $2,000
  • Other Expenses: $2,000
  • Other Expense Description: Misc

Property Details for 2623 Calle Del Comercio

Interior Features
Heating Information
  • Has Heating
  • Central, Fireplace(s)
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Tile, Vinyl
Kitchen Information
  • Has Appliances
  • Built-In Range, Gas Oven, Gas Range, Microwave
Interior Features
  • Balcony, Ceiling Fan(s)
  • Levels: One, Three Or More
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: 2-5 Units/Acre, On Golf Course
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Golf Course, Ocean, Panoramic
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 06004212
  • Year Built Source: Assessor
  • Entry Level: 2
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: I-5 South to Avenida Del Presidente. Left onto San Luis Rey, then Left onto Celle Del Comercio.
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
View more facts & features

Local San Clemente Agent

Sale History for 2623 Calle Del Comercio

Last sold for $2,100,000 on March 15th, 2024

  • March, 2024

  • Mar 15, 2024

    Date

    Sold

    CRMLS: OC24035190

    $2,100,000

    Price

  • Feb 20, 2024

    Date

    Active

    CRMLS: OC24035190

    $2,395,000

    Price

  • September, 2019

  • Sep 20, 2019

    Date

    Leased

    CRMLS: OC19207255

    $2,200

    Price

  • Aug 29, 2019

    Date

    Active

    CRMLS: OC19207255

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    This apartment is light and bright. There is a cozy fireplace in the living room. Granite countertops and recently remodeled bathrooms make this apartment attractive and modern. Close to the beach and freeway access. The apartment overlooks the fairway at the San Clemente Municipal Golf course. It includes a stack washer and dryer inside the unit and a one car garage.

  • September, 2019

  • Sep 20, 2019

    Date

    Leased

    CRMLS: OC19207315

    $2,400

    Price

  • Aug 29, 2019

    Date

    Active

    CRMLS: OC19207315

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    This spacious newly remodeled apartment overlooks the fairway at San Clemente Municipal Golf Course. Beautiful new vinyl plank flooring and custom paint make this unit a must see. Ceiling fans throughout. There is even a fireplace. Stack washer and dryer included in the unit. Close to freeway access and the beach. This place has it all!

  • January, 2000

  • Jan 14, 2000

    Date

    Sold (Public Records)

    Public Records

    $392,500

    Price

  • March, 1995

  • Mar 22, 1995

    Date

    Sold (Public Records)

    Public Records

    $32,000

    Price

Show More

Tax History for 2623 Calle Del Comercio

Assessed Value (2020): $529,923
Year Land Value Improved Value Assessed Value
2020 $137,780 $392,143 $529,923

Home Value Compared to the Market

This property vs the competition

2623 Calle Del Comercio sold on March 15, 2024 for 38.84% 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 $687.82 per/sqft which puts the price per square foot 12.27% lower than the current median sale per square foot for the city of San Clemente.

About 2623 Calle Del Comercio

Detailed summary of property

2623 Calle Del Comercio is a fourplex that recently sold in San Clemente, CA 92672. This fourplex offered 9 bedrooms, 8 bathrooms, roughly 3,482 living square feet, and sits on an approximately 5,227 square foot lot. 2623 Calle Del Comercio was first listed on ArdentRealEstateGroup.com on February 20, 2024. The homeowner sold the property for $2,100,000. 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 38.84% higher than the current median priced home. Local homes that are currently for sale include 222 Costa Mesa St, 150 Cecil Pl and 490 Traverse Dr. While the average home in San Clemente, CA is selling in 54 days, 2623 Calle Del Comercio has a days on market of 13 days. There are currently 164 homes for sale in the San Clemente real estate market and 138 of them are single family homes while 24 of them are condos and 2 are townhomes. For more information on this home for sale at 2623 Calle Del Comercio 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 2623 Calle Del Comercio

Public county record property details
Beds
--
Baths
--
Year built
1940
Sq. Ft.
889
Lot Size
5,204
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
164
APN
060-042-12

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
$2,100,000
Median List Price/Sq.Ft.
$1,048
Median Sold Price
$1,850,000
Median Sold Price/Sq.Ft.
$871
Total Inventory
97
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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(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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