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Sold

114 E El Portal

114 E El Portal, San Clemente, CA 92672

$1,935,000
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.

3,225 Sq.Ft. LIVING AREA

0.092 Acres lot

Features & Amenities

Interior

  • Laundry room Common Area, Laundry Room

Area & Lot

  • Status Sold
  • Living Area3,225 Sq.Ft.
  • Lot Area0.092 Acres
  • MLS IDOC22038671
  • TypeMULTI_FAMILY
  • YEAR BUILT1971

Exterior

  • STORIES2
  • Garage Space3
  • water SourcePublic
  • PoolNone
  • lot featuresStreet Level
  • sewerPublic Sewer
  • HOA AmenitiesStreet Lights, Sidewalks

Financial

  • Sales Price$1,935,000

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