Sold
402 Corto Lane sold on September 1, 2022 for $3,200,000. The details are below for reference.
402 Corto Lane, San Clemente, CA 92672
- 4,320 sq ft
- Built 1964
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$3,200,000
Subdivision Central
The home
About 402 Corto Lane
Rare 4-plex opportunity in San Clemente’s Short Term Rental Zone is just 400 yards from surfing breaks in San Clemente. This beach-close four-unit apartment building presents an extraordinary investment opportunity. The building consists of two units that are both 2 bedroom, 2 bath; another unit that’s 2 bedroom, 1 bath, and the largest being 3 bedroom, 2 bath. Open-concept floorplans display dine-in kitchens, spacious living rooms, fully appointed baths, and a covered carport space for each unit. Unit three is the largest and hosts a dining room and primary suite with a sunny balcony. This is the perfect configuration for an owner’s suite inside the 4-plex. The property is located along a cul-de-sac street with direct beach access. Hands down one of the best locations in town to own an income property as you are surrounded by luxury beach property and the building is moments from shops and restaurants on Del Mar, San Clemente’s classic pier, parks, and hiking trails. Within a few minutes you can be at the beach, having dinner on the San Clemente Pier, or shopping downtown. Income numbers are run on the actual rent. Pro Forma rent for a 12 month rental would be Gross Income $142,800 and about a 3.6% cap, projected vacation rental income is approximately $324,000. Projections for Vacation Rental can be provided separately by a third party.
Property details for 402 Corto Lane
This apartment sits in the Central neighborhood of San Clemente in Orange County. It has 4,320 square feet of living space. The home was built in 1964. The MLS record lists the assessor parcel number as 692-012-23. Highlights include panoramic views.
Specifications
Home Details
General Features
- Property Type
- Apartment
- MLS Number
- OC22141756
- Year Built
- 1964
- Lot Size (sq ft)
- 4,485
- Lot Size (acres)
- 0.103
- Levels
- Two
- Parking Spaces
- 8
- View
- Neighborhood, Panoramic
- Parcel Number
- 69201223
- On Market Date
- 2022-08-02
- Listing Terms
- Standard
Interior Features
- Interior Features
- Built In Features, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
- Appliances
- Dishwasher, Gas Range, Microwave, Range Hood, Water To Refrigerator
- Flooring
- Carpet, Tile, Wood
- Laundry
- Common Area
- Common Walls
- Two Common Walls Or More
- Windows
- Blinds, Screens
- Doors
- Panel Doors
Exterior Features
- Roof
- Spanish Tile
- Lot Features
- Back Yard, Landscaped, Street Level, Walkstreet, Yard
- Parking
- Carport
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Units
- 4
Community Features
- Subdivision
- Central
- Community Features
- Biking, Curbs, Gutters, Storm Drains, Sidewalks
- Security
- Fire Detection System, Smoke Detectors
The record
Property History for 402 Corto Lane
| Date | Event | Price | Note |
|---|---|---|---|
| Sep 1, 2022 | Sold | $3,200,000 | |
| Aug 18, 2022 | Status changed to Pending | From Active Under Contract | |
| Aug 8, 2022 | Status changed to Active Under Contract | From Active | |
| Aug 2, 2022 | Listed for sale | $3,500,000 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 402 Corto Lane
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, area of minimal flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0536K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones. Checked October 15, 2026.
- Liquefaction zone
Outside the liquefaction zones.
California Geological Survey, Seismic Hazard Zones map, San Clemente quadrangle, released June 21, 2002. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, San Clemente quadrangle, released June 21, 2002. Checked October 15, 2026.
- Tsunami hazard area
Outside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 7 of 24 residential locations in this census block. Cable: Cox Communications, up to 2,000 Mbps, at 23 of 24. DSL: AT&T, up to 10 Mbps, at 14 of 24.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590421081008, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.4 miles away (ViaLynk, 2 Level 2 ports). 108 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
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The neighborhood
About San Clemente
San Clemente is the southernmost city in Orange County, founded in the 1920s by Ole Hanson as a Spanish Village by the Sea of white-stucco, red-tile-roofed homes overlooking the Pacific. Landmarks include the 1928 pier, the Beach Trail from North Beach to Calafia Beach, Avenida Del Mar, and the Capistrano Unified School District.
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Listed by Doug Echelberger of Pacific Sotheby's Int'l Realty
Listing information updated Sep 1, 2022 at 12:22 PM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.