314 Avenida Madrid San Clemente, CA 92672
Pending
$1,925,000
3 Units
5 Beds
3 Baths
2,856 Area(sq.ft.)
3,664 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | n/a | n/a | $ 3,300 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 3,300 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,952 | $ 2,028 | $ 2,400 |
| 3 | 3 | 5 | 3 | $ 1,952 | $ 2,028 | $ 9,000 |
| MLS #: | OC24243456MR |
| Days On Market: | 12 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 674 |
| Price per unit: | $ 641,667 |
| Year Built: | 1971 |
Property Details
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!Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 31,361 |
| Net Operating Income: | $ 71,269 |
| Actual Gross Rent: | $ 1,952 |
Structure
| Community Features: | Sidewalks, Storm Drains, Street Lights, Suburban |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Style: | Traditional |
| Sewer: | Public Sewer |
| View Description: | Ocean, Peek-A-Boo |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Driveway, Garage, Garage - 1 Car, Garage - 3 Car |
Interior
| Cooking Appliances: | Microwave, Range |
| AC/Cooling: | None |
| Equipment: | Dishwasher, Dryer, Dryer Included, Laundry Area, Microwave, Refrigerator, Room, Washer, Washer Hookup, Washer Included |
| Heating: | Forced Air |
| Fireplace Rooms: | None |
| Laundry: | Dryer, Dryer Included, Laundry Area, Room, Washer, Washer Hookup, Washer Included |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Flat, Shingle |
| Spa: | No |
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