Pending

314 Avenida Madrid

San Clemente CA, 92672

$1,925,000


$674.02 per sqft

Pending

2,856 sqft

Multi-family

Built in 1971

Listed by Candice Blair with Coldwell Banker Realty 949-249-6611

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!

OC24243456

MLS ID

December 3, 2024

Listed

December 16, 2024

Updated

Map

314 Avenida Madrid
San Clemente CA, 92672

Interior Features

Total Stories

2


Interior Features

Balcony, Ceiling Fan(s), Bedroom on Main Level, Main Level Primary


Appliances

Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer


Laundry Description

Common Area, Washer Hookup, Laundry Room


Floor Description

Bamboo, Carpet


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.08 Acres


Lot Features

0-1 Unit/Acre


Architectual Style

Traditional


Roof

Flat, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

SC - San Clemente Central


Days on Market

12


Garage

Yes


Garage Spaces

3


Parking

Door-Multi, Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage


Parking Total

3


View

Yes


View Description

Neighborhood, Ocean, Peek-A-Boo


County

Orange


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

12/16/2024

Pending

12/15/2024

Active

12/7/2024

Under contract

Listing Contact: 949-249-6611 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/16/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/16/2024 at 3:41 PM UTC

 

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