REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 1,999,000

Est. payment -/mo

Save

Price Dropped by $200K

314 Avenida Madrid San Clemente, CA 92672

2,856 SqFt

UPDATED:

10/30/2024 10:22 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,856 sqft

Price per Sqft $699

Subdivision ,Other

MLS Listing ID OC24175331

Construction Status Turnkey

HOA Y/N No

Year Built 1971

Lot Size 3,663 Sqft

Property Description

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.

Location

State CA

County Orange

Area Sc - San Clemente Central

Rooms

Ensuite Laundry Common Area, Washer Hookup, Laundry Room

Interior

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

Laundry Location Common Area,Washer Hookup,Laundry Room

Heating Forced Air

Cooling None

Flooring Bamboo, Carpet

Fireplaces Type None

Inclusions Washer and Dryer in Laundry Room, refrigeragtors in units

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer

Laundry Common Area, Washer Hookup, Laundry Room

Exterior

Garage Door-Multi, Driveway Level, Driveway, Garage Faces Front, Garage

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 Yes

View Neighborhood, Ocean, Peek-A-Boo

Roof Type Flat,Shingle

Accessibility Safe Emergency Egress from Home

Parking Type Door-Multi, Driveway Level, Driveway, Garage Faces Front, Garage

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 69204312

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

Energy Description 240.0

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

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

Special Listing Condition Standard

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

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

314 Avenida Madrid San Clemente, CA 92672

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

314 Avenida Madrid