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Sold for $1,875,000 on 12/30/24
  • Listing Provided by: 

    Candice Blair DRE #01395953 949-249-6611,

    Coldwell Banker Realty,

    Listing Team: The Candice Blair Group

    Bought with: Coldwell Banker Realty
    $1,875,000

    314 Avenida Madrid, San Clemente, CA 92672

    5beds
    2,856sqft
    Triplex
    Built in 1971
    -- sqft lot
    $-- Zestimate®
    $657/sqft
    $7,714 Estimated rent

    Owner options

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    $7,714/mo

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    $7,714/mo

    Rent Zestimate®

    Refinance and save

    $11,408/mo

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    $11,408/mo

    Est. payment

    What's special

    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!

    Zillow last checked: 8 hours ago

    Listing updated: January 13, 2025 at 04:53pm

    Listing Provided by:

    Candice Blair DRE #01395953 949-249-6611,

    Coldwell Banker Realty,

    Listing Team: The Candice Blair Group

    Bought with:

    Candice Blair, DRE #01395953

    Coldwell Banker Realty

    Source: CRMLS,MLS#: OC24243470MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
    • Laundry: Common Area, Laundry Room, Outside
    Features
    • Ceiling Fan(s), Bedroom on Main Level, Main Level Primary
    • Flooring: Bamboo, Carpet
    • Windows: Screens
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total interior livable area: 2,856 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Door-Multi, Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage, Side By Side
    • Attached garage spaces: 3
    Accessibility
    • Accessibility features: Safe Emergency Egress from Home, No Stairs
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Patio & porch: Deck, Patio
    • Pool features: None
    • Spa features: None
    • Fencing: Block,Wood
    • Has view: Yes
    • View description: None
    Lot
    • Size: 3,485 sqft
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 69204312
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Materials
    • Drywall, Stucco
    • Foundation: Slab
    • Roof: Flat,Shingle
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1971

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Community
    • Community features: Storm Drain(s), Street Lights, Suburban, Sidewalks
    Location
    • Region: San Clemente
    • Subdivision: Other

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,VA Loan
    • Road surface type: Paved