243 Avenida Montalvo

San Clemente, CA 92672

$3,200,000
Price
11
Beds
10
Baths
5,633 Sq. Ft.
$568 / Sq. Ft.
5,633
Sq. Ft.
$568
per Sq. Ft.

Description

Nestled in the coastal charm of San Clemente, 243 Avenida Montalvo stands as a meticulously maintained investment opportunity. Comprising six individual units, this apartment complex is a testament to well-cared-for real estate. Each unit comes complete with its own single-car garage for added convenience and privacy. Residents will appreciate the short and easy stroll to the beach, making coastal living a daily reality. Enhancing the appeal of these units are dual-pane windows that not only provide...Nestled in the coastal charm of San Clemente, 243 Avenida Montalvo stands as a meticulously maintained investment opportunity. Comprising six individual units, this apartment complex is a testament to well-cared-for real estate. Each unit comes complete with its own single-car garage for added convenience and privacy. Residents will appreciate the short and easy stroll to the beach, making coastal living a daily reality. Enhancing the appeal of these units are dual-pane windows that not only provide efficient insulation but also lend a modern touch to the property. For those seeking captivating vistas, the back units offer ocean views, providing a serene backdrop to everyday life. A vinyl fence surrounds the property, providing security and a polished look. The apartment units themselves vary, accommodating diverse living preferences. Apt. 1 through Apt. 4 each boast two bedrooms and 1.5 baths, providing spacious and comfortable living spaces. Meanwhile, Apt. 5 offers a two-bedroom and one-bath configuration, while Apt. 6 stands as a cozy one-bedroom, one-bath unit. Whether it's the allure of the beach, the convenience of single-car garages, or the potential for investment income, 243 Avenida Montalvo presents a versatile and well-maintained opportunity for those looking to make the most of San Clemente's coastal lifestyle.
  1. Listed by Pablo Salcedo • DRE #01778864 • Brokerage DRE #01814504 • HomeSmart, Evergreen Realty • 714-315-0704

Property Details for 243 Avenida Montalvo

View
Catalina, Ocean
Parking Spaces Total
1
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5633
Assessor Parcel Number
060-141-05

Location

Listing Courtesy of HomeSmart, Evergreen Realty, Pablo Salcedo, DRE #01778864
Add your commute
LISTING UPDATED: 04/21/2024 10:11 PM

Property Details for 243 Avenida Montalvo

StatusActive Under Contract
MLS #PW23194489
Days on Market179
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1971
Lot Size0.16 AC / 6,970 SF
CountyOrange County

Location

Listing Courtesy of HomeSmart, Evergreen Realty, Pablo Salcedo, DRE #01778864
Add your commute

Building Information for 243 Avenida Montalvo

Stories2Residences-Year Built1971Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$20,413 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$2,949

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 243 Avenida Montalvo

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $42,120
  • Gross Scheduled Income: $137,580
  • Net Operating Income: $42,120
Expense Details
  • Operating Expense: $95,460
  • Gardener Expense: $300
  • Licenses Expense: $40
  • Insurance Expense: $4,559
  • Professional Management Expense: $0
  • Trash Expense: $1,111
  • Water Sewer Expense: $1,945
  • Total Expenses: $7,955
Tax / Assessment Info
  • Tax Tract Number: 961
  • Tax Census Tract: 421.16
  • Tax Lot: 84
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: Living Room
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Security Features: Smoke Detector(s)
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Average Condition, Block
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View Description: Catalina, Ocean
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • 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: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2900
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • 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: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2900
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $2,095
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • 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: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6

Property History for 243 Avenida Montalvo

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 243 Avenida Montalvo

Taxable ValueLand$434,979Additions$415,354Total$850,333
Tax Record2023$35,389 ($2,949 / month)
Home Facts
Total Finished SqFt5,635 SqFtAbove Grade Finished SqFt5,635 SqFtStories2Lot Size6,722 SqFtStyleMulti-Family Res (5+ Units)Year Built1971CountyORANGEAPN060-141-05

Schools near 243 Avenida Montalvo

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
Concordia 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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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart, Evergreen Realty, Pablo Salcedo, DRE #01778864

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.