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Key Details
Sold Price $2,525,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,115 sqft
Price per Sqft $810
Subdivision Other (Othr)
MLS Listing ID OC21091777
Sold Date 07/21/21
HOA Y/N No
Year Built 1928
Lot Size 7,840 Sqft
Acres 0.18
Property Description
107 Avenida Miramar was moved from its original location in 2001. It is a classic 1920's Historic building that was once located where Denaults Hardware store is now. It sits on a double lot with 9 parking spaces and a 2-car garage (being used as an office). The building has two large office suites on the main level, both with their own 1/2 bath. Back and front entrances for each. The 2 apartments are located on the top floor. Each has 2 bedrooms and a full bathroom, living room and kitchen. Offices are 762 sq ft each and apartments are 795 sq ft each, 3,115 sq ft.Total (not counting garage, now being used as an office). Steps from N El Camino Real and 2 blocks west of Avenida Del Mar. 3 blocks for the ocean. Building qualifies as Historic Property but paperwork is not complete at this time, which will reduce property taxes. Projected annual income $ 129,000. Projected rent on 3 commercial units is $5,750/mo. Projected rent on 2 residential units is $5000/mo. Substantial room to increase current long term tenants. Short term rental possibilities, but buyer to confirm with city. Pro Forma accounting was used for Income Potential.
Location
State CA
County Orange
Area Sc - San Clemente Central
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Cooling None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Spanish Tile
Total Parking Spaces 9
Private Pool No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 05807248
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Casey Kirkland • Coldwell Banker Realty