415 Monterey Lane

San Clemente, CA 92672

$3,650,000
Price
5
Beds
8
Baths
6,233 Sq. Ft.
$586 / Sq. Ft.
6,233
Sq. Ft.
$586
per Sq. Ft.

Description

This property is 2 Parcels adjacent- 415 & 417 Monterey. Fantastic Opportunity in Premier Location- Top of Hilltop above the Pier Bowl- Famous San Clemente Pier. Never on market before. 6 Units Total- Large 2 story House approx 2645 SF with some OceanViews, Mother in law quarters approx 415 SF and 4 Units 2- 1 br 1 ba approx 744 SF & 2- 1 BR 1 Ba Units approx 627 SF. House and mother in law unit are owner occupied, other units are leased mo/mo. Separate Community Laundry room with washer & Dryer....This property is 2 Parcels adjacent- 415 & 417 Monterey. Fantastic Opportunity in Premier Location- Top of Hilltop above the Pier Bowl- Famous San Clemente Pier. Never on market before. 6 Units Total- Large 2 story House approx 2645 SF with some OceanViews, Mother in law quarters approx 415 SF and 4 Units 2- 1 br 1 ba approx 744 SF & 2- 1 BR 1 Ba Units approx 627 SF. House and mother in law unit are owner occupied, other units are leased mo/mo. Separate Community Laundry room with washer & Dryer. Home was built approx 1986, Units were built 1978. This is 2 adjacent parcels for sale together- there is some encroachment so they need to be sold together. A Unique opportunity- please call agent for more details. Huge Price reduction so we are ready to sell! Don't miss this!
  1. Listed by Keith Wichner • DRE #00586443 • Brokerage DRE #00745605 • Seven Gables Real Estate • 714-206-2383

Property Details for 415 Monterey Lane

Architectural Style
Spanish
Parking Spaces Total
9
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6233
LISTING UPDATED: 11/10/2024 10:49 AM

Property Details for 415 Monterey Lane

StatusActive
MLS #OC24144357
Days on Market116
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
CountyOrange County

Building Information for 415 Monterey Lane

Building/Complex415 Monterey LnFloor-Stories2Residences-Pet Policy-Year Built1986Building Size-

Property Information for 415 Monterey Lane

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $209,400
  • Gross Equity: $2,500,000
  • Vacancy Allowance Rate: 1
  • Net Operating Income: $155,477
  • Gross Multiplier: 18.14
  • Cap Rate: 4.0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $52,350
  • Operating Expense Percent: 25.00%
  • New Taxes Expense: $47,500
  • Fuel Expense: $2,000
  • Electric Expense: $3,000
  • Insurance Expense: $5,000
  • Professional Management Expense: $0
  • Trash Expense: $2,500
  • Water Sewer Expense: $300
  • Total Expenses: $60,000
Tax / Assessment Info
  • Tax Block: 5
  • Tax Tract Number: 785
  • Tax Census Tract: 421.08
  • CFD/Mello-Roos Fee: $27
  • Tax Lot: 8
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Hiking, Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Water Heater
  • Equipment: Community, Dishwasher, Dryer, Dryer Included, Gas Dryer Hookup, Room, Washer, Washer Hookup, Washer Included
  • Interior Features: Balcony, Copper Plumbing Full, In-Law Floorplan
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Walk-In Closet
  • Bedroom Features: All Bedrooms Up, WalkInCloset
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Gas Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Carpet
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Tile
  • Entry Location: 1,2
  • Foundation Details: Slab
  • Other Structures: Guest House Detached
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 69203402
  • Lot Features: Irregular Lot
  • Direction Faces: North
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Electric: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport, Driveway, Uncovered
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Carport, Detached Carport, Driveway, Concrete, Uncovered
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $4,800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $3,500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 8000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number With Carpet: 6
  • Number With Disposal: 6
  • Number With Drapes: 6

Property History for 415 Monterey Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 415 Monterey Lane

Taxable ValueLand$1,252,225Additions$180,405Total$1,432,630
Tax Record2024$14,518 ($1,210 / month)
Home Facts
Total Finished SqFt2,671 SqFtAbove Grade Finished SqFt2,671 SqFtStories2Lot Size3,444 SqFtStyleDuplexYear Built1977CountyORANGEAPN692-034-03

Schools near 415 Monterey Lane

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
Clarence Lobo Elementary School
PublicK to 5

Shorecliffs 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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415 Monterey Lane is a multi-family home for sale in San Clemente, CA 92672. This property was listed for sale on July 14, 2024 by Seven Gables Real Estate, it's currently listed at $3,650,000. This listing's school district is Capistrano Unified School District. Nearby schools include Clarence Lobo Elementary School, Shorecliffs Middle School and San Clemente High School. 415 Monterey Lane is a 5-bed, 8-bath, 6,233 sqft multi-family home built in 1986.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Seven Gables Real Estate, Keith Wichner, DRE #00586443

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.