7 Units - San Clemente
1445 N. El Camino Real, San Clemente 92672
DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.
Located in Desirable San Clemente Rental Market in South Orange County. The North El Camino Real Apartments are within a short walking distance to San Clemente’s famous North Beach, Train Station, Downtown San Clemente Restaurants (Del Mar Street), Pier, and the new Outlets at San Clemente. It is also in one of the California designated Opportunity Zones that may be eligible for preferential tax treatment. The subject property is a two-story Seven (7) Unit Apartment building consisting of Six (6) -- One (1) Bedroom / One (1) Bath Units and One (1) 1,100 Sq Ft Workshop with a bathroom, located in the back of the property with Ally access. Built-in 1949, the project sits on approximately 4,356 Sq Ft lot and the building is approximately 2,664 Sq Ft.
LIVING IN SAN CLEMENTE
San Clemente is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 64,558 people and 12 constituent neighborhoods, San Clemente is the 130th largest community in California.
San Clemente home prices are not only among the most expensive in California, but San Clemente real estate also consistently ranks among the most expensive in America.
San Clemente is a decidedly white-collar city, with fully 88.47% of the workforce employed in white-collar jobs, well above the national average. Overall, San Clemente is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in San Clemente who work in management occupations (16.77%), sales jobs (15.16%), and office and administrative support (9.21%).
Of important note, San Clemente is also a city of artists. San Clemente has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape San Clemente’s character.
Also of interest is that San Clemente has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 13.65% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
San Clemente is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
Do you like to read, write and learn? If you move to San Clemente, you'll likely find that many of your neighbors like to as well. San Clemente is one of the more educated communities in America, with a full 50.90% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in San Clemente in 2018 was $58,671, which is wealthy relative to California and the nation. This equates to an annual income of $234,684 for a family of four.
|Six 1-Bedroom 1-Bath||$1,437.5|
Cash Flow Analysis
|Gross Scheduled Income||$121,500|
|Net Operating Income||$82,498|
|Down Payment||$880,000 (40%)|
|Loan Amount||$1,320,000 (60%)|
Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.