CA > San Clemente
San Clemente, CA 92672,314 Avenida Madrid
San Clemente, CA 92672,314 Avenida Madrid
San Clemente, CA 92672,314 Avenida Madrid
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$1,925,000
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3,663 Sqft Lot
Pending

314 Avenida Madrid San Clemente, CA 92672

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Erik Montoya

Erik Montoya

+1(720) 261-5797

UPDATED:

12/16/2024 03:13 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID OC24243456

Construction Status Turnkey

HOA Y/N No

Year Built 1971

Lot Size 3,663 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

Interior

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

Heating Forced Air

Cooling None

Flooring Bamboo, Carpet

Fireplaces Type None

Inclusions Washer and Dryer in Laundry Room

Fireplace No

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

Laundry Common Area, Washer Hookup, Laundry Room

Exterior

Parking Features Door-Multi, Driveway Level, Door-Single, 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

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

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

California Regional MLS (CRMLS)
Listed by Candice Blair • Coldwell Banker Realty • 949-249-6611

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Erik Montoya

Agent | License ID: 02234207

+1(720) 261-5797

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