314 Avenida Madrid

San Clemente, CA 92672

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,856 Sqft
  • 3664
    Sqft(Lot)
$1,925,000

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!

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Traditional

  • AD ID

    47927295

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat,Shingle
    • Interior Features: Balcony,Ceiling Fan(s),Bedroom on Main Level,Main Level Primary
    • Property Appliances: Dishwasher,Disposal,Gas Range,Microwave,Refrigerator,Water Heater,Dryer,Washer
    • Fireplace: None
    • Flooring: Bamboo,Carpet

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Forced Air
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1971
    • Building Area Total: 2,856
    • Construction: Drywall,Stucco
    • Roof: Flat,Shingle

    Foundation

    • Slab

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Accessibility Features

    • Safe Emergency Egress from Home

    Pool Features

    • None

    Laundry Features

    • Common Area,Washer Hookup,Laundry Room

    Fencing

    • Block,Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0841
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3664

  • Listing Price Information

    • Original List Price: 1,925,000
    • Listing Contract Date: 2024-12-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 69204312

  • Garage and Parking

    • Garage Description: Door-Multi,Driveway Level,Door-Single,Driveway,Garage Faces Front,Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas,Insurance,Other

  • Other Property Info

    • Source Listing Status: Closed
    • Source Neighborhood: SC - San Clemente Central
    • Directions: El Camino Real to Ave Mateo, right on Ave Madrid
    • Source Property Type: Residential Income
    • Area: SC - San Clemente Central
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 54
    • Common Walls: 2+ Common Walls
    • Property Condition: Turnkey
    • Structure Type: Triplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/02/2025 @ 10:20

  • MLS: OC24243456
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 2,856 sqft, 3,664 sized lot, and 3 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of San Clemente , in zip code 92672, this Orange County Home , it is in the other Subdivision, are nearby neighborhoods.