314 Avenida Madrid San Clemente, CA 92672
Listing Courtesy of: CRMLS / Coldwell Banker Realty / Candice Blair - Contact:  949-249-6611

  314 Avenida Madrid San Clemente, CA 92672

Pending (48 Days)
$1,925,000
5
BED
3
BATH
2,856
SQFT

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!

MLS #:
OC24243470
Lot Size
3,485 SQFT
Type
Multifamily
Year Built
1971
Style
Traditional
School District
Capistrano Unified
County
Orange County

Listed By

Candice Blair, DRE #01395953 CA, Coldwell Banker Realty, Contact: 949-249-6611
Source
CRMLS
Last checked Dec 26 2024 at 12:56 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Windows: Screens
  • Water Heater
  • Refrigerator
  • Microwave
  • Gas Range
  • Gas Oven
  • Dishwasher
  • Laundry: Outside
  • Laundry: Laundry Room
  • Laundry: Common Area
  • Main Level Primary
  • Ceiling Fan(s)
Property Features
  • Foundation: Slab
Heating and Cooling
  • Forced Air
Flooring
  • Carpet
  • Bamboo
Exterior Features
  • Roof: Shingle
  • Roof: Flat
Utility Information
  • Utilities: Water Source: Public, Water Available, Sewer Connected, Phone Available, Natural Gas Available, Electricity Available, Cable Available
  • Sewer: Public Sewer
School Information
  • Elementary School: Clarence Lobo
  • Middle School: Shorecliff
  • High School: San Clemente
Parking
  • Side by Side
  • Garage Faces Front
  • Garage
  • Driveway Level
  • Driveway
  • Door-Single
  • Door-Multi
Stories
  • 2
Living Area
  • 2,856 sqft
Additional Information: Laguna Niguel | 949-249-6611
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.