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Mariposa Duplex 214 W Mariposa

2 Unit Block of Flats £2,282,441 (£1,141,220/Unit) 4% Net Initial Yield San Clemente, CA 92672

Investment Highlights

  • New-build ocean-view duplex located less than half a mile from the beach.
  • Utilities are separately metered and solar panels significantly offset electricity costs.
  • Both units feature high-end finishes and amenities.

Executive Summary

Discover modern coastal luxury in this newly built duplex, ideally situated less than half a mile from Linda Lane Park and the scenic San Clemente Beach Trail. Designed for effortless beachside living, each unit in this property offers high-end finishes, refined comfort, and stunning ocean views from private rooftop decks, creating a sophisticated retreat just moments from the sand. Both units feature high ceilings, real hardwood flooring, and sleek black-framed Andersen windows that lend a contemporary, upscale ambiance. Central air conditioning and heating, along with owned solar panel systems, make each residence as comfortable and energy-efficient as it is stylish. Not to mention, each unit also includes an interior laundry closet and a two-car tandem garage, adding essential convenience that is hard to come by in beach communities. In the kitchens, custom cabinetry and Thor appliance packages complement quartz countertops, providing an elegant yet functional space for cooking and entertaining. Fresh low maintenance hardscape and landscape enhance the property’s curb appeal, adding a touch of natural beauty to this modern masterpiece. Unit A showcases a unique reverse floor plan, with a junior suite and garage access on the entry floor. Upstairs, an open living area, large primary suite, guest bedroom, and bathroom create a versatile, spacious environment that makes the most of the home’s natural light. Unit B offers a traditional floor plan with a main-floor bedroom and bathroom. The upstairs layout includes a generously sized primary suite with an ensuite bathroom, two secondary bedrooms, and one additional bathroom, providing plenty of space for family or guests. A small exterior area enhances Unit B’s offerings with a touch of outdoor access. All utilities are separately metered, and the solar panels significantly offset electricity costs, making it advantageous for future tenants. This luxury duplex is more than just a home; it’s a gateway to the best of San Clemente’s beach lifestyle, with parks, trails, and oceanfront adventures just moments away.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £120,244 £36.74
Other Income - -
Vacancy Loss - -
Effective Gross Income £120,244 £36.74
Taxes £23,102 £7.06
Operating Expenses £4,916 £1.50
Total Expenses £28,018 £8.56
Net Operating Income £92,225 £28.18

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £120,244
Annual Per SF £36.74
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £120,244
Annual Per SF £36.74
Taxes
Annual £23,102
Annual Per SF £7.06
Operating Expenses
Annual £4,916
Annual Per SF £1.50
Total Expenses
Annual £28,018
Annual Per SF £8.56
Net Operating Income
Annual £92,225
Annual Per SF £28.18

Property Facts

Price £2,282,441
Price Per Unit £1,141,220
Sale Type Investment
Net Initial Yield 4%
No. Units 2
Property Type Residential
Property Subtype
Apartment
  • Apartment Buildings
Apartment Style Garden
Building Class B
Lot Size 0.09 AC
Building Size 3,273 SF
Number of Floors 2
Year Built 2024
Parking Ratio 1.22/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer Hookup
  • Heating
  • Double Vanities
  • Kitchen
  • Refrigerator
  • Walk-In Closets
  • Deck
  • Double Pane Windows
  • Freezer
  • Island Kitchen

Site Amenities

  • Fenced Lot

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+3 1 - 1,486
4+3 1 - 1,788
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
692-073-06
Land Assessment
£492,525 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£492,525 (2023)
Annual Taxes
£23,102 (£7.06/sf)
Tax Year
2024
  • Listing ID: 34006372

  • Date on Market: 26/11/2024

  • Last Updated:

  • Address: 214 W Mariposa, San Clemente, CA 92672

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