155 West Mariposa

San Clemente, CA 92672

$4,395,000
Price
3
Beds
12
Baths
6,036 Sq. Ft.
$728 / Sq. Ft.
6,036
Sq. Ft.
$728
per Sq. Ft.

Description

With its outstanding location in the heart of San Clemente and an impeccable tenant history, this eight-unit apartment building presents one of the best commercial residential income opportunities in coastal Orange County. Just minutes from the beach, San Clemente’s classic pier, an elementary school, parks, and wonderful shopping and dining attractions along Avenida del Mar, the two-story 1960 Mid-Century Modern building is professionally managed and beautifully maintained inside and out. Eight...With its outstanding location in the heart of San Clemente and an impeccable tenant history, this eight-unit apartment building presents one of the best commercial residential income opportunities in coastal Orange County. Just minutes from the beach, San Clemente’s classic pier, an elementary school, parks, and wonderful shopping and dining attractions along Avenida del Mar, the two-story 1960 Mid-Century Modern building is professionally managed and beautifully maintained inside and out. Eight apartments are centered around a quiet courtyard garden, with four featuring two bedrooms and one- and one-half baths, and four offering one bedroom and one bath. Total living space spans approximately 6,036 square feet, and the rare double sized lot property encompasses about 9,583 square feet. Upgrades include dual-pane windows, upper-floor balcony arbors, a newer roof, and easy-care wood-inspired laminate flooring. A laundry room is featured, and each unit includes a private one-car garage with roll-up door. Located west of I-5, this classic apartment building is a short stroll from Max Berg Plaza Park, and stores and restaurants that line El Camino Real. Dana Point’s harbor and lively Lantern Village are only moments away. This is a great long term steady investment in a town with strong rents and rising property values. San Clemente is one of the nicest beach towns with great climate with an extremely low vacancy on apartments.
  1. Listed by Doug Echelberger • DRE #01176379 • Brokerage DRE #02014153 • Inhabit Real Estate • 949-463-0400

Property Details for 155 West Mariposa

Parking Spaces Total
8
Private Pool
No
Cooling Type
None
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6036
Assessor Parcel Number
058-131-36
LISTING UPDATED: 08/09/2024 09:31 AM

Property Details for 155 West Mariposa

StatusActive
MLS #OC24126760
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1960
Lot Size0.22 AC / 9,583 SF
CountyOrange County

Building Information for 155 West Mariposa

Stories2Residences-Year Built1960Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 155 West Mariposa

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $222,480
  • Gross Scheduled Income: $222,270
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $222,270
  • Net Operating Income: $139,882
  • Laundry Income: $690
  • Gross Multiplier: 22.1
  • Cap Rate: 2.86
  • Current Financing: Conventional
  • 433a Certified: No
Expense Details
  • Operating Expense: $82,388
  • New Taxes Expense: $48,950
  • Expense Year: $2,024
  • Gardener Expense: $1,700
  • Fuel Expense: $0
  • Licenses Expense: $44
  • Electric Expense: $916
  • Insurance Expense: $6,000
  • Professional Management Expense: $20,313
  • Other Expense: $567
  • Trash Expense: $3,084
  • Water Sewer Expense: $3,992
  • Real Estate Tax Expense: $48,950
  • Total Expenses: $82,388
Tax / Assessment Info
  • Tax Block: 15
  • Tax Tract Number: 793
  • Tax Lot: 51
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Watersports
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas & Electric Range
  • Equipment: Laundry Area
  • Interior Features: Balcony, Formica Counters
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Roof: Flat
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Slab
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level with Street
  • Land Use: Multi-Family
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Assigned, Circular Driveway, Garage - 1 Car
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Assigned, Circular Driveway, Paved, Driveway Level, Garage - Single Door
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $8,295
  • Unit Type Total Rent: $8,295
  • Unit Type Pro Forma: 8400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $10,171
  • Unit Type Total Rent: $10,171
  • Unit Type Pro Forma: 11980
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Number With Disposal: 5

Property History for 155 West Mariposa

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 155 West Mariposa

Taxable ValueLand$1,373,043Additions$350,952Total$1,723,995
Tax Record2024$17,492 ($1,458 / month)
Home Facts
Total Finished SqFt6,036 SqFtAbove Grade Finished SqFt6,036 SqFtStories2Lot Size9,542 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyORANGEAPN058-131-36

Schools near 155 West Mariposa

This home is within Capistrano Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Las Palmas Elementary School
PublicK to 5

Bernice Ayer Middle School
Public6 to 8

San Clemente High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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155 West Mariposa is a mixed use property for sale in San Clemente, CA 92672. This property was listed for sale on June 20, 2024 by Inhabit Real Estate, it's currently listed at $4,395,000. It has been on the market for a total of 145 days and was last sold on August 10, 2001. This listing's school district is Capistrano Unified School District. Nearby schools include Las Palmas Elementary School, Bernice Ayer Middle School and San Clemente High School. 155 West Mariposa is a 3-bed, 12-bath, 6,036 sqft mixed use property built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Inhabit Real Estate, Doug Echelberger, DRE #01176379

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.