314 Avenida Madrid

San Clemente, CA 92672

PRICE REDUCED

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-$200,999 (-9.14%)

$1,999,000

List Price

5

bed Beds

3

shower Baths

2,856 sqft

straighten / sqft

1971

calendar_month Built

Property Description

HUGE PRICE REDUCTION TO SELL NOW! Don’t miss out on this rare opportunity to own one of the last affordable coastal properties in San Clemente—a prime location just one block from the sand and the iconic San Clemente Pier. Enjoy easy access to world-class surfing, oceanfront running trails, and some of the best restaurants and shops in town. This triplex is an investment gem, featuring- Two vacant two-bedroom, one-bath units ready to be rented immediately at market rates for instant income or improve to maximize rents. One oversized one-bedroom, one-bath unit with a partial ocean view, currently rented and providing consistent rental income. Three single-car garages with ample driveway space for beachside parking. A separate laundry room with a washer and dryer can be converted into a coin-operated facility for additional revenue. New furnaces in the units for added value. Whether you're looking to generate steady rental income, improve and increase value, or enjoy the ultimate beach lifestyle by living in one unit while renting out the others, this property offers incredible flexibility and potential. Seize this opportunity to own a piece of San Clemente’s coveted coastal paradise! This triplex is priced to sell quickly so don't miss out on this special location. Excellent cap rate, low maintenance building, and easy location to rent.

Listing Information

List Price $1,999,000
Status Active
MLS OC24174480
HOA $0
Type Residential
Subtype Triplex
Year Built 1971
Lot Size 3,485
Structure Size 2,856
DOM 21
Courtesy Of Coldwell Banker Realty
Listing Agent Candice Blair DRE#01395953

Interior Features

Laundry Information
Location(s) Common Area, Laundry Room, Outside
Bedroom Information
Features Bedroom on Main Level
Total Bedroom
Bedrooms 5
Bathroom Information
Features Tub Shower
Total Bathroom
Bathrooms 3
Flooring Information
Material Bamboo, Carpet
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s), Bedroom on Main Level, Main Level Primary
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Features Deck, Patio

Maps

Listing information courtesy of: Candice Blair, Coldwell Banker Realty 949-466-0620. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 30th, 2024 at 10:22 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.