San Clemente, CA 92672,314 Avenida Madrid
Listed by Candice Blair • Coldwell Banker Realty
Bought with Candice Blair • Coldwell Banker Realty

$1,875,000

$1,925,000

2.6%
Est.Price: ?

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Est. payment /mo

2,856 SqFt


SOLD DATE : 12/30/2024

Key Details

Sold Price $1,875,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,856 sqft

Price per Sqft $656

MLS Listing ID CROC24243456

Sold Date 12/30/24

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1971

Lot Size 3,664 Sqft

Property Sub-Type Triplex

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 propert

Location

State CA

County Orange

Interior

Heating Forced Air

Cooling No Air Conditioning

Flooring Carpet, Bamboo

Fireplace No

Laundry Common Area, Dryer, Laundry Room, Washer, Other

Exterior

View Other, Ocean

Handicap Access Other

Building

Water Public

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