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Listed By:
Coldwell Banker Realty, 949-249-6611, Candice Blair
Listing Sold By:
Coldwell Banker Realty
Local Realty Services Provided By:
Keller Williams OC Coastal Realty
Overview
What It'll Cost
Neighborhood
Similar Homes
314 Avenida Madrid, San Clemente, CA 92672
314 Avenida Madrid, San Clemente, CA 92672
Estimation provided by Keller Williams Realty Inc.
Closed
Sold
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!
Property Details
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Overview
Property Type
Triplex
Property Size
Year Built
1971
Days on Site
117 Days
HVAC
Forced Air
Parking
3 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$1,875,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
12/03/2024
Listed
(+200.78% )
04/30/2003
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+3.94% )
Land 1,030,046 +
Additions 212,641
2021
(+3.03% )
Land 990,048 +
Additions 204,385
2019
(+1.96% )
Land 960,682 +
Additions 198,324
2018
(+1.99% )
Land 941,845 +
Additions 194,436
2017
Land 923,377 +
Additions 190,624
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Transit & Commute
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Car-Dependent
Walkable
Very Walkable
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