Pending
314 Avenida Madrid
San Clemente CA, 92672
$1,925,000
$674.02 per sqft
Pending
5 Beds
3 Baths
2,856 sqft
Multi-family
Built in 1971
Listed by Candice Blair with Coldwell Banker Realty 949-249-6611
Attention investors seeking strong cash flow and significant appreciation potential: this rare coastal triplex in San Clemente is the opportunity you've been waiting for. Perfectly positioned just one block from the sand and the iconic San Clemente Pier, this prime property combines immediate rental income with long-term growth in one of the most desirable areas of Southern California. With proximity to world-class surfing, scenic oceanfront trails, and a thriving downtown featuring trendy dining spots and a popular farmers market, tenant demand here is strong. The property features two vacant two-bedroom, one-bath units that are ready to rent at market rates for immediate income or can be updated to maximize returns. Additionally, it includes an oversized one-bedroom, one-bath unit with a partial ocean view, currently rented and generating consistent cash flow. For added convenience, there are three single-car garages each with their own driveway- level with the street, an essential feature for beachside tenants. The property also includes a separate laundry room equipped with a washer and dryer, offering the potential to convert it into a coin-operated facility for additional revenue. Recent upgrades, such as new furnaces in each unit, add further value and appeal. This property offers exceptional flexibility for investors seeking steady rental income or those looking to renovate and enhance value. Alternatively, it provides an excellent opportunity for owner-occupants to enjoy the ultimate beach lifestyle by living in one unit while renting out the others. With an excellent cap rate, low-maintenance design, and an unbeatable location in one of the most sought-after areas of San Clemente, this property is priced to sell quickly. Whether you're an experienced investor or looking to enter the coastal real estate market, this triplex offers immediate returns and long-term growth potential. Don't let this chance to own a piece of San Clemente's coveted coastal paradise slip away!
OC24243470
MLSⓇ ID
December 3, 2024
Listed
December 16, 2024
Updated
Map
314 Avenida Madrid
San Clemente CA, 92672
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Interior Features
Ceiling Fan(s), Bedroom on Main Level, Main Level Primary
Appliances
Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
Laundry Description
Common Area, Laundry Room, Outside
Floor Description
Bamboo, Carpet
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
0-1 Unit/Acre
Architectual Style
Traditional
Roof
Flat, Shingle
Sewer
Public Sewer
School Information
School District
Capistrano Unified
High School
San Clemente
Elementary School
Clarence Lobo
Other Property Details
Area Name
SC - San Clemente Central
Days on Market
12
Garage
Yes
Garage Spaces
3
Parking
Door-Multi, Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage, Side By Side
Parking Total
3
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
12/16/2024 | Pending | — |
12/15/2024 | Active | — |
12/9/2024 | Under contract | — |
Listing Contact: 949-249-6611
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/16/2024. 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. 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/16/2024 at 3:41 PM UTC