See Home Value
$3,625,045*
Multifamily - Off Market

501 MONTEREY Lane

San Clemente, CA 92672
bedrooms
Studio
bathrooms
0 Bath
$2,228,000 - $2,722,000
Reference Base Price*
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

PRIME ONE OF A KIND LOCATION IN THE FAMOUS PIER BOWL AREA! RARE OPPORTUNITY FOR INVESTORS, FIVE UNITS INCLUDE ONE STUDIO, 3 ONE BEDROOMS & ONE 2 BEDROOM. LIVE IN ONE & LEASE OTHERS! ONLY STEPS TO WORLD CLASS BEACHES & SURFING, FAMOUS SC PIER, SHOPS, RESTAURANTS, TERRIFIC BEACH TRAIL & FABULOUS SC DOWNTOWN SHOPPING & DINING. BEAUTIFUL OCEAN VIEWS FROM MOST UNITS, ONE OFFERS A REAR YARD, THREE UNITS PROVIDE OCEAN VIEW DECKS. PROPERTY IS LOCATED WITHIN THE CITY APPROVED SHORT TERM VACATION RENTAL AREA, MEANING TREMENDOUS POTENTIAL FOR INCREASED SHORT TERM RENTAL INCOME. SEE ATTACHED ZONING MAP. PRIDE OF OWNERSHIP SHOWS, EXCELLENTLY MAINTAINED PROPERTY, UNITS ARE UPGRADED THRU-OUT & OFFER GRANITE COUNTERS IN SOME UNITS, NEWER CERAMIC TILE FLOORING, NEWER INTERIOR PAINT, REMODELED BATHS, CEILING FANS THRU-OUT. TWO BEDROOM UNIT HAS AN ADDITION FOR 2ND BEDROOM & HAS VERY SMALL CLOSET. UPPER LEVEL OFFERS PANORAMIC OCEAN VIEWS FROM LARGE COMMON AREA, GREAT OCEAN VIEWS FROM MOST UNITS.  TWO 2 CAR ENCLOSED GARAGES ARE SHARED AS ONE CAR GARAGE PER UNIT, ONE GARAGE OFFERS COIN OPERATED LAUNDRY. 2 CAR PARKING DRIVEWAY PROVIDED FOR EACH GARAGE! BEAUTIFULLY MAINTAINED GROUNDS SURROUND PROPERTY, EACH UNIT OFFERS PRIVATE ENTRANCE. CURRENT RENTS ARE LOW, PRESENTLY ALL 5 UNITS FULLY LEASED ON MONTH-TO-MONTH LEASES. FULLY PAID FOR SOLAR IN PLACE FOR ENTIRE PROPERTY EQUALS APPROX $500. A YEAR FOR ELECTRIC BILL, ALL UTILITIES LOW.
Unit Size
-
Days on Market
-
Land Size
4,792.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1953

Price History

Date / Event Date Event Price
Mar 25, 2020 Sold to Erica Agnes Hecht, Kevin M ... $2,250,000
Sold to Erica Agnes Hecht, Kevin M ...
Oct 22, 2019 No longer available -
No longer available
Aug 20, 2019 Relisted $2,475,000
Relisted
Aug 18, 2019 No longer available -
No longer available
May 11, 2019 Price Decreased $2,475,000
↓ $175K (6.6%)
Price Decreased
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Property Highlights

Garage


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181023
10/23/2018
Studio
-
-
$2,850,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

501 Monterey Lane 501 Monterey Lane, San Clemente, CA 92672
More about this Building
501 Monterey Lane
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About Pier Bowl


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