Sold

314 Avenida Madrid

San Clemente CA, 92672

$1,875,000


$656.51 per sqft

Sold

5 Beds

3 Baths

2,856 sqft

Condos

Built in 1971

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 excell

OC24243470

MLS ID

December 3, 2024

Listed

December 31, 2024

Updated

Map

314 Avenida Madrid
San Clemente CA, 92672

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Interior Walls (Drywall)


Appliances

Dishwasher, Microwave, Refrigerator, Gas Oven, Gas Range


Laundry Description

Laundry Room, Outside


Floor Description

Carpet, Bamboo


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

Sidewalks, Storm Drains, Suburban


Architectual Style

Traditional


Roof

Flat, Shingle


Sewer

Public Sewer

Other Property Details

Days on Market

12


Garage

Yes


Garage Spaces

3


Parking

Garage(Garage, Garage - Single Door, Garage - Three Door), Non-Garage(Driveway, Side by Side)


Parking Total

3


View

No


View Description

None


County

Orange


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

12/31/2024

Sold

$1,875,000

12/16/2024

Pending

12/15/2024

Active

12/8/2024

Under contract

Listed by Coldwell Banker Realty, Candice Blair,
Listing Contact: 949-466-0620 

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Data last updated 3:27 AM UTC, 12/31/2024

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