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