314 Avenida Madrid San Clemente, CA 92672
5 Beds
3 Baths
2,856 SqFt
UPDATED:
12/15/2024 07:04 AM
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 2,856 sqft
Price per Sqft $674
MLS Listing ID OC24243470
Style All Other Attached
Bedrooms 5
Full Baths 3
Construction Status Turnkey
HOA Y/N No
Year Built 1971
Lot Size 3,485 Sqft
Acres 0.08
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 youre an experienced investor or looking to enter the coastal real estate market, this triplex offers immediate returns and long-term growth potential. Dont let this chance to own a piece of San Clementes coveted coastal paradise slip away!
Location
State CA
County Orange
Area Oc - San Clemente (92672)
Interior
Flooring Carpet, Bamboo
Equipment Dishwasher, Microwave, Refrigerator, Gas Oven, Gas Range
Appliance Dishwasher, Microwave, Refrigerator, Gas Oven, Gas Range
Laundry Laundry Room, Outside
Exterior
Exterior Feature Stucco
Parking Features Garage, Garage - Single Door, Garage - Three Door
Garage Spaces 3.0
Fence Wood
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available, Sewer Connected
Roof Type Flat,Shingle
Total Parking Spaces 3
Building
Lot Description Sidewalks
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2 Story
Construction Status Turnkey
Others
Monthly Total Fees $2
Miscellaneous Storm Drains,Suburban
Acceptable Financing Cash, Conventional, VA, Cash To New Loan
Listing Terms Cash, Conventional, VA, Cash To New Loan
Special Listing Condition Standard
