714-914-4996

314 Avenida Madrid ,
San Clemente, CA 92672

$1,925,000

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!

Basic Information

MLS #:
OC24243470

Price:
$1,925,000

Price
(per sq ft):
$674.00

Address:
314 Avenida Madrid ,
San Clemente, CA 92672

MLS Area:
SC - San Clemente Central

Subdivision:
Other (OTHR)

Property
Type:
Triplex

Days on Market:
12

Status:
Pending

Bedrooms:
5

Bathrooms:
3

Full Baths:
3

Size (sq ft):
2,856 sq ft

Lot Size:
3,485 sq ft

Year Built:
1971

Sale Type:
Standard

Rooms in Home

Rooms:
Family Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom

Eating Area:
In Family Room

Laundry:
Common Area, Individual Room, Outside

Entry Location:
1

Interior Features

Fireplace:
None

Cooling:
None

Heating:
Forced Air

Floor:
Bamboo, Carpet

Appliances:
Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater

Interior Features:
Ceiling Fan(s)

Security:
Carbon Monoxide Detector(s), Smoke Detector(s)

Accessibility:
2+ Access Exits, No Interior Steps

Garage and Parking

Garage:
Attached

Garage:
3 Spaces

Carport:
0 Spaces

Parking:
Driveway, Driveway Level, Garage, Garage Faces Front, Garage - Single Door, Garage - Three Door, Side by Side

Home Owners Association

HOA Dues 1:
$0.00 /

HOA Dues 2:
$

HOA Amenities: 

Utilities

Water:
Public

Utilities:
Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Connected,Water Available

School Information

District:
Capistrano Unified

Elementary:
CLALOB

Middle:
SHOREC

High:
SANCLE

Exterior Features

Pool:
None

Spa:
None

Patio:
Deck, Patio

View:
None

Construction:
Drywall Walls, Stucco

Foundation:
Slab

Roof:
Flat, Shingle

Windows:
Screens

Common Walls:
2+ Common Walls

Levels:
Two

Lot Features:
0-1 Unit/Acre

Additional Information

County:
Orange

Senior Community:
No

Community Features:
Sidewalks, Storm Drains, Street Lights, Suburban

Other Structures:

Structure Condition:
Turnkey

Direction Faces:

Listed by:
Coldwell Banker Realty , Candice Blair , 01395953

Co-Listed:

Last
Updated:
12/26/2024 12:12 PM

314 Avenida Madrid ,
San Clemente, CA 92672