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!
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
What's special
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#: OC24243470
Originating 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