There are multiple listings for this address:
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
Price:
$1,925,000
MLS #:
OC24243456
Status:
Pending
Baths:
0
Address:
314 Avenida Madrid
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
scsanclementecentral
City:
San Clemente
Listed Date:
Dec 3, 2024
State:
CA
ZIP:
92672
Lot Size:
3,664 sqft / 0.08 acres (approx)
Year Built:
1971
See this Listing
Mortgage Calculator
Schools
Elementary School:
Clarence Lobo
Middle School:
Shorecliff
High School:
San Clemente
Interior
Accessibility Features
2+ Access Exits
Appliances
Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
Cooling
None
Fireplace Features
None
Flooring
Bamboo, Carpet
Heating
Forced Air
Interior Features
Ceiling Fan(s), Living Room Balcony
Exterior
Community Features
Sidewalks, Storm Drains, Street Lights, Suburban
Electric
Standard
Fencing
Block, Wood
Foundation Details
Slab
Garage Spaces
3.00
Lot Features
0-1 Unit/ Acre
Parking Features
Driveway, Driveway Level, Garage, Garage Faces Front, Garage – Single Door, Garage – Three Door
Parking Spots
3.00
Pool Features
None
Roof
Flat, Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood, Ocean, Peek- A- Boo
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas, Insurance, Other
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
Map
Community
- Address314 Avenida Madrid San Clemente CA
- AreaSC – San Clemente Central
- CitySan Clemente
- CountyOrange
- Zip Code92672
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
314 Avenida Madrid
San Clemente, CA
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
Price:
$1,925,000
MLS #:
OC24243470
Status:
Pending
Beds:
5
Baths:
3
Address:
314 Avenida Madrid
Type:
Single Family
Subtype:
Triplex
Neighborhood:
scsanclementecentral
City:
San Clemente
Listed Date:
Dec 3, 2024
State:
CA
Finished Sq Ft:
2,856
ZIP:
92672
Lot Size:
3,485 sqft / 0.08 acres (approx)
Year Built:
1971
See this Listing
Mortgage Calculator
Schools
Elementary School:
Clarence Lobo
Middle School:
Shorecliff
High School:
San Clemente
Interior
Accessibility Features
2+ Access Exits
Appliances
Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
Cooling
None
Fireplace Features
None
Flooring
Bamboo, Carpet
Heating
Forced Air
Interior Features
Ceiling Fan(s), Living Room Balcony
Exterior
Community Features
Sidewalks, Storm Drains, Street Lights, Suburban
Electric
Standard
Fencing
Block, Wood
Foundation Details
Slab
Garage Spaces
3.00
Lot Features
0-1 Unit/ Acre
Parking Features
Driveway, Driveway Level, Garage, Garage Faces Front, Garage – Single Door, Garage – Three Door
Parking Spots
3.00
Pool Features
None
Roof
Flat, Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood, Ocean, Peek- A- Boo
Water Source
Public
Financial
Association Fee
0.00
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
Map
Community
- Address314 Avenida Madrid San Clemente CA
- AreaSC – San Clemente Central
- CitySan Clemente
- CountyOrange
- Zip Code92672
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