239 Avenida Pelayo

San Clemente, CA 92672

$3,525,000
Price
8
Beds
8
Baths
6,211 Sq. Ft.
$568 / Sq. Ft.
6,211
Sq. Ft.
$568
per Sq. Ft.

Description

Turnkey Coastal 6 Unit property located one block from the beach. All 6 units were renovated in 2024 and are now leased at market rates. All units have: Vinyl/wood flooring, dual pane windows, new kitchens cabinets and countertops, reglazed tub/showers, new doors, updated electric panels, new heating, new lighting and electric outlets and switches. This property has the highest cap rate of any competing coastal market asset. Priced to sell quickly!Turnkey Coastal 6 Unit property located one block from the beach. All 6 units were renovated in 2024 and are now leased at market rates. All units have: Vinyl/wood flooring, dual pane windows, new kitchens cabinets and countertops, reglazed tub/showers, new doors, updated electric panels, new heating, new lighting and electric outlets and switches. This property has the highest cap rate of any competing coastal market asset. Priced to sell quickly!
  1. Listed by Randall Mycorn • DRE #02078223 • Brokerage DRE #00866406 • R L M Equities • 949-573-5309

Property Details for 239 Avenida Pelayo

Parking Spaces Total
12
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6211
Assessor Parcel Number
692-113-03
Property Attached YN
true
LISTING UPDATED: 11/14/2024 03:52 AM

Property Details for 239 Avenida Pelayo

StatusActive
MLS #NP24234057
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1965
Lot Size0.18 AC / 7,841 SF
CountyOrange County

Building Information for 239 Avenida Pelayo

Stories2Residences-Year Built1965Building Size-Lot Size0.18 AC / 7,841 SF

Property Information for 239 Avenida Pelayo

Income / Expense / Tax Details
Income Details
  • Gross Income: $1,800
  • Gross Scheduled Income: $240,600
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $233,436
  • Net Operating Income: $176,262
  • Laundry Income: $1,800
Expense Details
  • Operating Expense: $57,174
  • New Taxes Expense: $35,642
  • Gardener Expense: $2,400
  • Fuel Expense: $800
  • Electric Expense: $400
  • Insurance Expense: $4,348
  • Maintenance Expense: $4,500
  • Professional Management Expense: $0
  • Trash Expense: $1,884
  • Water Sewer Expense: $7,200
  • Total Expenses: $57,174
Tax / Assessment Info
  • Tax Block: 6
  • Tax Tract Number: 794
  • Tax Census Tract: 421.08
  • Tax Lot: 20
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Both
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 12
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,100
  • Unit Type Total Rent: $3,100
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,200
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 239 Avenida Pelayo

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 239 Avenida Pelayo

Taxable ValueLand$1,200,643Additions$307,851Total$1,508,494
Tax Record2024$15,304 ($1,275 / month)
Home Facts
Total Finished SqFt6,212 SqFtAbove Grade Finished SqFt6,212 SqFtStories2Lot Size8,004 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyORANGEAPN692-113-03

Schools near 239 Avenida Pelayo

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 12
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

239 Avenida Pelayo is a mixed use property for sale in San Clemente, CA 92672. This property was listed for sale on November 14, 2024 by R L M Equities, it's currently listed at $3,525,000. It has been on the market for a total of 3 days and was last sold on May 7, 2024. 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. 239 Avenida Pelayo is a 8-bed, 8-bath, 6,211 sqft mixed use property built in 1965.

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 R L M Equities, Randall Mycorn, DRE #02078223

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.