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314 Avenida Madrid
San Clemente, CA 92672
HUGE PRICE REDUCTION TO SELL NOW! Don’t miss out on this rare opportunity to own one of the last affordable coastal properties in San Clemente—a prime location just one block from the sand and the iconic San Clemente Pier. Enjoy easy access to world-class surfing, oceanfront running trails, and some of the best restaurants and shops in town. This triplex is an investment gem, featuring- Two vacant two-bedroom, one-bath units ready to be rented immediately at market rates for instant income or improve to maximize rents. One oversized one-bedroom, one-bath unit with a partial ocean view, currently rented and providing consistent rental income. Three single-car garages with ample driveway space for beachside parking. A separate laundry room with a washer and dryer can be converted into a coin-operated facility for additional revenue. New furnaces in the units for added value. Whether you're looking to generate steady rental income, improve and increase value, or enjoy the ultimate beach lifestyle by living in one unit while renting out the others, this property offers incredible flexibility and potential. Seize this opportunity to own a piece of San Clemente’s coveted coastal paradise! This triplex is priced to sell quickly so don't miss out on this special location. Excellent cap rate, low maintenance building, and easy location to rent.
PROPERTY INFORMATION
| MLS # | OC24175331 | Lot Size | 3,664 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,999,000
Price Per SqFt: $ 700 |
DOM | 397 Days |
| Address | 314 Avenida Madrid | Type | Residential Income |
| City | San Clemente | Sq.Ft. | 2,856 Sq. Ft. |
| Postal Code | 92672 | Garage | 3 |
| County | Orange | Year Built | 1971 |
| Bed / Bath | 5 / 0 | Parking | 6 |
| Built In | 1971 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Dryer Included, Individual Room, Washer Hookup, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater |
| Has Heating | Yes |
| Heating Information | Forced Air |
| Room Information | Family Room, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Bamboo, Carpet |
| InteriorFeatures Information | Ceiling Fan(s) |
| DoorFeatures | Sliding Doors |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s) |
EXTERIOR FEATURES
| FoundationDetails | Slab |
| Roof | Flat, Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Block, Wood |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,132
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/24/2024 | Listed | $2,399,999 |
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Listing provided courtesy of Candice Blair, Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
