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Map
$3,625,045*
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Multifamily -
Off Market
501 MONTEREY Lane
San Clemente, CA 92672
Studio
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 |
Show More
Property Highlights
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/23/2018
|
|
Studio
|
-
|
-
|
$2,850,000
Studio
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|
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-
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