Listing ID: PW20008730
Price: $1,888,000
Status: PENDING
Address: 106 Dije Court
City: San Clemente
State: California
Postal Code: 92672
SqFt: 6,098
Acres: 0.140
County: Orange
San Clemente
CA
92672
This opportunity offers views and it is located less than 500ft from the sand. The project proves to have tremendous upside as the apartments interiors are mostly original and clean. Repairs have been made on an as needed basis; including: plumbing, electrical and a new roof in 2018. The upper unit has a roof top deck and no shared walls. The lower units have been partitioned off into (2) 2BR/1BA units and (2) studios; making operations reflect five tenant contracts. This property has been professionally managed and maintained; and the residents have proven to feel at home per the history of long-term tenancy. The electricity and water are individually metered/ The owner is currently paying for all utilities.This opportunity offers views and it is located less than 500ft from the sand. The project proves to have tremendous upside as the apartments interiors are mostly original and clean. Repairs have been made on an as needed basis; including: plumbing, electrical and a new roof in 2018. The upper unit has a roof top deck and no shared walls. The lower units have been partitioned off into (2) 2BR/1BA units and (2) studios; making operations reflect five tenant contracts. This property has been professionally managed and maintained; and the residents have proven to feel at home per the history of long-term tenancy. The electricity and water are individually metered/ The owner is currently paying for all utilities.

Primary Features

County: Orange
Property Type: 2-4 Units
Year Built: 1988

Interior

Unit 1 Number of Bedrooms: 3
Unit 1 Number Total Baths: 2
Unit 2 Number of Bedrooms: 3
Unit 2 Number Total Baths: 2
Unit 3 Number Bedrooms: 3
Unit 3 Number Total Baths: 2
Unit Number for Unit 1: 1
Unit Number for Unit 2: 2
Unit Number for Unit 3: 3

External

Entry Only: no
Lot Size: 4,000-7,499 SF
Neighborhood: Other (OTHR)
Number of Buildings: 1
Number of Units: 3
Pool: N/K
Site: Curbs
Water: Meter on Property

Location

Zip/Area: OC - SAN CLEMENTE (92672)

Additional

Property Type: 2-4 UNITS
Supplement: This opportunity offers views and it is located less than 500ft from the sand. The project proves to have tremendous upside as the apartments interiors are mostly original and clean. Repairs have been made on an as needed basis; including: plumbing, electrical and a new roof in 2018. The upper unit has a roof top deck and no shared walls. The lower units have been partitioned off into (2) 2BR/1BA units and (2) studios; making operations reflect five tenant contracts. This property has been professionally managed and maintained; and the residents have proven to feel at home per the history of long-term tenancy. The electricity and water are individually metered/ The owner is currently paying for all utilities.

Financial

Annual Expense Actual: 36378
Cap Rate Actual: 4.2
Gross Rent Multiplier Act: 15.84
Gross Scheduled Income Actual: 119160
Sale/Rent: For Sale
Unit 1 Rent Actual: 3390
Unit 2 Rent Actual: 3445
Unit 3 Rent Actual: 2995

Zoning Info


Area Info


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Listing courtesy of Coldwell Banker Realty

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