Property Details
About this Property
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 propert
MLS Listing Information
MLS #
CROC24243470
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Bedrooms
Ground Floor Bedroom
Appliances
Dishwasher, Microwave, Other, Oven - Gas, Oven Range - Gas, Refrigerator
Family Room
Other
Fireplace
None
Flooring
Bamboo
Laundry
In Laundry Room, Laundry Area, Other
Cooling
Ceiling Fan, None
Heating
Forced Air
Exterior Features
Roof
Flat, Shingle
Foundation
Slab
Pool
None
Style
Traditional
Parking, School, and Other Information
Garage/Parking
Garage, Other, Side By Side, Garage: 3 Car(s)
Elementary District
Capistrano Unified
High School District
Capistrano Unified
HOA Fee
$0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
314 Avenida Madrid is a Triplex in San Clemente, CA 92672. This 2,856 square foot property sits on a 3,485 Sq Ft Lot and features 5 bedrooms & 3 full bathrooms. It is currently priced at $1,925,000 and was built in 1971. This address can also be written as 314 Avenida Madrid, San Clemente, CA 92672.
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This listing information is up-to-date as of December 04, 2024. For the most current information, please contact Candice Blair, (949) 466-0620
