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607 Calle Canasta, San Clemente, CA 92673
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607 Calle Canasta San Clemente, CA 92673

$2,199,900
  • 40 Beds
  • 35 Baths
  • 3,680 Sq.Ft.
For Sale
$2,199,900 Get Pre-Qualified
Map preview of 607 Calle Canasta, San Clemente, CA 92673

Property Overview: 607 Calle Canasta San Clemente, CA has 40 bedrooms, 35 bathrooms, 3,680 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: San Clemente is Famous for having "The Worlds Best Climate". It has world class Beaches, an Out door Mall, Great Dining, Award Winning Schools and a casual laid back lifestyle. This Property is a "Pride of Ownership" with 2 of the units (1 and 4) having been recently Remodeled & Upgraded. Three of the Tenants are long term, Unit 4 is on their second year. Security gates were installed in last 2 years. Washer and Dryer are owned by Landlord and produce approximately $100 per month extra Income. Almost a 5% Cap which is unheard of in this Market, Great rents with room for upside.

Listed by Dale Cheema | BRE #00893619 | Keller Williams Realty Irvine
Last checked: 14 minutes ago | Last updated: March 15th, 2024 | Source CRMLS | DOM: 51
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Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1973
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
OC24037973
City
San Clemente
County
Orange
Time on Site
61 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 8
  • # of Baths: 7
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,335
  • Total Rent: $3,335
  • Pro Forma/Market Rent: $3,335
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,565
  • Total Rent: $2,565
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,487
  • Total Rent: $2,487
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 16.9
  • Gross Scheduled Income: $129,438
  • Net Operating Income: $105,081
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $1,200
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $24,357
  • Electric: $1,200
  • Gas/Fuel: $2,450
  • Trash: $4,680
  • Insurance: $4,357
  • Water/Sewer: $1,332

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Property Details for 607 Calle Canasta

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac, Front Yard, Sprinklers In Front, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 67511108
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: I-5 to Camino de las Mares, Right on Calle Campana, Left on Calle Canasta, 607 is on Right.
Neighborhood Information
  • Community Features: Park
View more facts & features

Local San Clemente Agent

Sale History for 607 Calle Canasta

Last sold for $1,330,500 on June 13th, 2019

  • February, 2024

  • Feb 23, 2024

    Date

    Active

    CRMLS: OC24037973

    $2,199,900

    Price

  • September, 2022

  • Sep 21, 2022

    Date

    Canceled

    CRMLS: OC22169197

    $2,150

    Price

  • Aug 2, 2022

    Date

    Active

    CRMLS: OC22169197

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer 607 Calle Canasta Unit 4 in a Security Gated Building - This is a fully remodeled unit; newer porcelain tile throughout, newer windows, newer kitchen cabinetry, sink, newer stainless steel appliances, granite counter top, newer recessed lighting, newer window treatments, newer bathroom with polished marble surround with tub/shower, newer vanity with granite counter top. Newer ceiling fans. This is an upstairs unit. Tenants of the property enjoy on site laundry facility, community courtyard, large private patios and balconies. 1 car attached garage included.

  • April, 2021

  • Apr 24, 2021

    Date

    Canceled

    CRMLS: OC21070930

    $2,000

    Price

  • Apr 17, 2021

    Date

    Hold

    CRMLS: OC21070930

    $2,000

    Price

  • Apr 12, 2021

    Date

    Price Change

    CRMLS: OC21070930

    $2,000

    Price

  • Apr 7, 2021

    Date

    Active

    CRMLS: OC21070930

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer 607 Calle Canasta Unit 4 in a Security Gated Building - fully remodeled; new porcelain tile throughout, all new windows, new kitchen cabinetry, sink, new stainless steel appliances, granite counter top, new recessed lighting, new window treatments (to be installed by first week of October), new bathroom with polished marble surround with tub/shower, new vanity with granite counter top. New ceiling fans. This is an upstairs unit. Tenants of the property enjoy on site laundry facility, community courtyard, large private patios and balconies. 1 car attached garage included.

  • November, 2019

  • Nov 22, 2019

    Date

    Canceled

    CRMLS: OC19225146

    $1,700

    Price

  • Nov 22, 2019

    Date

    Active

    CRMLS: OC19225146

    $1,700

    Price

  • Nov 21, 2019

    Date

    Hold

    CRMLS: OC19225146

    $1,700

    Price

  • Nov 14, 2019

    Date

    Price Change

    CRMLS: OC19225146

    $1,700

    Price

  • Oct 29, 2019

    Date

    Active

    CRMLS: OC19225146

    $1,800

    Price

  • Oct 23, 2019

    Date

    Hold

    CRMLS: OC19225146

    $1,800

    Price

  • Sep 20, 2019

    Date

    Active

    CRMLS: OC19225146

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer 607 Calle Canasta Unit 4 in a Security Gated Building - fully remodeled; new porcelain tile throughout, all new windows, new kitchen cabinetry, sink, new stainless steel appliances, granite counter top, new recessed lighting, new window treatments (to be installed by first week of October), new bathroom with polished marble surround with tub/shower, new vanity with granite counter top. New ceiling fans. This is an upstairs unit. Tenants of the property enjoy on site laundry facility, community courtyard, large private patios and balconies. 1 car attached garage included.

  • June, 2019

  • Jun 14, 2019

    Date

    Sold

    CRMLS: PW19011248

    $1,330,473

    Price

  • Apr 23, 2019

    Date

    Pending

    CRMLS: PW19011248

    $1,445,000

    Price

  • Jan 30, 2019

    Date

    Active

    CRMLS: PW19011248

    $1,445,000

    Price

  • Jan 24, 2019

    Date

    Active Under Contract

    CRMLS: PW19011248

    $1,445,000

    Price

  • Jan 15, 2019

    Date

    Active

    CRMLS: PW19011248

    $1,445,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer 607 Calle Canasta, a 4-unit apartment building nestled in the rolling hills of San Clemente. Priced at a 4.4% CAP Rate on current rents, still with upside, makes this one of the only properties in San Clemente priced this attractively. The offering at 607 Calle Canasta is ideally located near major retail and employment, miles of hiking trails, and just minutes from Avenida Del Mar (Downtown), legendary surf spots and historic San Clemente Pier. This 4-unit building is comprised of (1) one bedroom/one bathroom unit, (2) two bedroom/two bathroom units and (1) three bedroom/two bathroom unit. Tenants of the property enjoy such amenities as on-site laundry, a community courtyard large private patios and balconies. The three bedroom unit has received a full rehab and renovation with substantial upgrades. The remaining units have received mild improvements and all have tile flooring. This asset provides immediate cash flow to an investor with easily obtainable growth in income. *Best Priced 4-Plex in San Clemente, *4.4% CAP Rate and 15.79 GRM on Current Rents with Upside Potential, *Well Maintained Property with Upgrades, *Newer Roof and a Full Copper Re-plumb, *1, 2 & 3-Bedroom Units, *Garages

  • June, 2019

  • Jun 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,330,500

    Price

  • December, 2003

  • Dec 5, 2003

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

Show More

Tax History for 607 Calle Canasta

Assessed Value (2020): $907,497
Year Land Value Improved Value Assessed Value
2020 $707,848 $199,649 $907,497

Home Value Compared to the Market

This property vs the competition

607 Calle Canasta is listed 10.27% higher than the median list price for the city of San Clemente which has a median list price of $1,995,000. The median price per/sqft for San Clemente is $797 and this home is listed at $597.8 per/sqft which puts the price per square foot 24.99% lower than the median price per square foot for the city of San Clemente.

About 607 Calle Canasta

Detailed summary of property

607 Calle Canasta is a fourplex located in San Clemente, CA 92673 and is currently for sale. This fourplex offers 40 bedrooms, 35 bathrooms, roughly 3,680 living square feet, and sits on an approximately 8,276 square foot lot. 607 Calle Canasta was first listed on ArdentRealEstateGroup.com on February 24, 2024. The homeowner is currently asking $2,199,900. The median priced home in San Clemente is $1,995,000 with a median price per square foot of $797. Based on Ardent Real Estate Group's San Clemente Market Data, this home is listed 10.27% higher than the median priced home. Local competing homes currently for sale include 233 Costa Mesa St, 282 E 16th St and 280 E 16th St.. While the average home in San Clemente, CA is selling in 53 days, 607 Calle Canasta has a days on market of 51 days. There are currently 174 homes for sale in the San Clemente real estate market and 143 of them are single family homes while 28 of them are condos and 3 are townhomes. For more information on this home for sale at 607 Calle Canasta San Clemente, CA 92673 contact Ardent Real Estate Group and we will put you in touch with one of our San Clemente agents.

Public Facts for 607 Calle Canasta

Public county record property details
Beds
--
Baths
--
Year built
1973
Sq. Ft.
3,680
Lot Size
7,205
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
16
APN
675-111-08

The source for these homes facts are from public records.

92673 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,999
Median List Price/Sq.Ft.
$681
Median Sold Price
$1,725,000
Median Sold Price/Sq.Ft.
$723
Total Inventory
71
Median Sale to List Price %
98.57%
Avg Days on Market
20
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (48%), Other (12%)

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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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