Homes for sale - 314 Avenida Madrid, San Clemente, CA 92672

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$1,875,000

$1,925,000 2.6%

Est. payment - /mo

5 BD

3 BA

2,856 SqFt

Sold on 12/30/2024

314 Avenida Madrid San Clemente, CA 92672

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Dallas Baker

+1(424) 243-7444

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Key Details

Sold Price $1,875,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,856 sqft

Price per Sqft $656

MLS Listing ID OC24243470

Sold Date 12/30/24

Bedrooms 5

Full Baths 3

Construction Status Turnkey

HOA Y/N No

Year Built 1971

Lot Size 3,484 Sqft

Property 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!

Location

State CA

County Orange

Area Sc - San Clemente Central

Rooms

Main Level Bedrooms 2

Interior

Interior Features Ceiling Fan(s), Bedroom on Main Level, Main Level Primary

Heating Forced Air

Cooling None

Flooring Bamboo, Carpet

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater

Laundry Common Area, Laundry Room, Outside

Exterior

Parking Features Door-Multi, Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage, Side By Side

Garage Spaces 3.0

Garage Description 3.0

Fence Block, Wood

Pool None

Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available

View Y/N No

View None

Roof Type Flat,Shingle

Accessibility Safe Emergency Egress from Home, No Stairs

Porch Deck, Patio

Attached Garage Yes

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Turnkey

Schools

Elementary Schools Clarence Lobo

Middle Schools Shorecliff

High Schools San Clemente

School District Capistrano Unified

Others

Senior Community No

Tax ID 69204312

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, VA Loan

Financing Cash

Special Listing Condition Standard

Listed by Candice Blair • Coldwell Banker Realty • 949-249-6611
Bought with Candice Blair • Coldwell Banker Realty

GET MORE INFORMATION

Dallas Baker

+1(424) 243-7444

314 Avenida Madrid San Clemente, CA 92672

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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314 Avenida Madrid