314 Avenida Madrid San Clemente, CA 92672
5 bed / 3 bath / 2,856 Sq. Ft. / 3,485 Sq. Ft., 0.08 acres lot size / Triplex
Status: Sold
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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!
property details
Type
Triplex
Status
Closed
County
Orange
Year Built
1971
Beds
5
Full Baths
3
Sq. Ft.
2,856
Lot Size
3,485 Sq. Ft., 0.1 acres
Listing Id
OC24243470
Courtesy Of
Candice Blair - Coldwell Banker Realty 949-249-6611
List Office Phone
+1 949 249 6611
Subdivision
Other
Interior Features
Interior Amenities
Ceiling Fan(s)
Master Downstairs
Master Downstairs
Appliances
Dishwasher
Gas Oven
Gas Range
Microwave
Refrigerator
Water Heater
Gas Oven
Gas Range
Microwave
Refrigerator
Water Heater
Fireplace
None
Flooring
Carpet
Wood
Bamboo
Wood
Bamboo
Living Area Units
Sq. Ft.
Full Baths
3
Bathrooms Total
3
Exterior Features
Roof
Flat
Shingle
Shingle
Parking
Attached Garage
Driveway
Garage Faces Front
Garage
Side By Side
Driveway
Garage Faces Front
Garage
Side By Side
Foundation
Slab
Stories
2
Parking Spaces
3
Utility & Building Info
Sewer
Public Sewer
Parcel Number
69204312
Cooling
None
Water Source
Public Water
Heating
Forced Air
Building Area Total
2,856 Sq. Ft.
Price Per Sq Ft
$674
Architectural Style
Traditional
2 Story
2 Story
 |
| The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. |
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
12/30/2024
12/30/2024
|
Sold |
$1,875,000
|
CA Regional MLS (CRMLS) |
|
12/16/2024
12/16/2024
|
Pending |
$1,925,000
|
CA Regional MLS (CRMLS) |
|
12/15/2024
12/15/2024
|
Active |
$1,925,000
|
CA Regional MLS (CRMLS) |
|
12/09/2024
12/09/2024
|
Contingent |
$1,925,000
|
CA Regional MLS (CRMLS) |
|
12/03/2024
12/03/2024
|
Active |
$1,925,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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