314 Avenida Madrid

San Clemente, CA 92672

$1,925,000

List Price

5

bed Beds

3

shower Baths

2,856 sqft

straighten / sqft

1971

calendar_month Built

Property Description

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!

Listing Information

List Price $1,925,000
Status Pending
MLS OC24243470
HOA $0
Type Residential
Subtype Triplex
Year Built 1971
Lot Size 3,485
Structure Size 2,856
DOM 12
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 Dec 16th, 2024 at 3:13 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.