San Clemente, CA 92672,314 Avenida Madrid
San Clemente, CA 92672,314 Avenida Madrid
San Clemente, CA 92672,314 Avenida Madrid
59
Listed by Candice Blair • Coldwell Banker Realty
$1,875,000
$1,925,000
2.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2,856 SqFt

314 Avenida Madrid San Clemente, CA 92672

Est. payment /mo
SOLD DATE : 12/30/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,875,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 2,856 sqft

Price per Sqft $656

MLS Listing ID OC-24243456

Sold Date 12/30/24

Style Traditional

Year Built 1971

Lot Size 3,664 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

Interior

Interior Features Ceiling Fan(s), Living Room Balcony

Heating Forced Air

Cooling None

Flooring Bamboo, Carpet

Fireplaces Type None

Laundry Common Area, Dryer Included, Individual Room, Washer Hookup, Washer Included

Exterior

Parking Features Driveway Level, Garage, Garage - Single Door, Garage Faces Front, Driveway

Garage Spaces 3.0

Pool None

Community Features Sidewalks, Storm Drains, Street Lights, Suburban

Utilities Available Sewer Connected, Water Available, Cable Available, Electricity Available, Natural Gas Available, Phone Available

View Y/N Yes

View Peek-A-Boo, Ocean

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Read Less


GET MORE INFORMATION

agent

Ryan Mills

REALTOR® | License ID: 01434392

+1(805) 491-4611

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.