Homes for sale - 314 Avenida Madrid, San Clemente, CA 92672

Additional details

Paul Wong

[email protected] +1(510) 918-8486

Listed by Candice Blair • Coldwell Banker Realty

$1,925,000

Est. payment - /mo

5 Beds

3 Baths

2,856 SqFt

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UPDATED:

12/16/2024 10:43 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 2,856 sqft

Price per Sqft $674

MLS Listing ID CROC24243470

Bedrooms 5

Full Baths 3

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1971

Lot Size 3,485 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 propert

Location

State CA

County Orange

Interior

Heating Forced Air

Cooling Ceiling Fan(s), None

Flooring Carpet, Bamboo

Fireplaces Type None

Fireplace No

Window Features Screens

Appliance Dishwasher, Gas Range, Microwave, Refrigerator

Laundry Laundry Room, Other

Exterior

Garage Spaces 3.0

Pool None

View None

Handicap Access Other

Private Pool false

Building

Lot Description Street Light(s), Storm Drain

Story 2

Foundation Slab

Water Public

Architectural Style Traditional

Schools

School District Capistrano Unified

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Paul Wong

+1(510) 918-8486

Agent | CalBRE#01977499

Agent CalBRE#01977499

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314 Avenida Madrid San Clemente, CA 92672

Paul Wong

Key Details

Location

Interior

Exterior

Building

Schools

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