314 Avenida Madrid, San Clemente, CA 92672
-
Listed Price :
$1,925,000
-
Beds :
5
-
Baths :
3
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Property Size :
2,856 sqft
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Year Built :
1971
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!
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Laundry Room, Outside |
| Bedroom Information |
| Features |
Bedroom on Main Level |
| Bedrooms |
5 |
| Bathroom Information |
| Features |
Tub Shower |
| Bathrooms |
3 |
| Flooring Information |
| Material |
Bamboo, Carpet |
| Interior Information |
| Features |
Ceiling Fan(s), Bedroom on Main Level, Main Level Primary |
| Cooling Type |
None |
Listing Information
| Address |
314 Avenida Madrid |
| City |
San Clemente |
| State |
CA |
| Zip |
92672 |
| County |
Orange |
| Listing Agent |
Candice Blair DRE #01395953 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$1,925,000 |
| Status |
Pending |
| Type |
Residential |
| Subtype |
Triplex |
| Structure Size |
2,856 |
| Lot Size |
3,485 |
| Year Built |
1971 |
Listing information courtesy of: Candice Blair, Coldwell Banker Realty. *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.
