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Listed by Candice Blair • Coldwell Banker Realty
$ 1,925,000
Est. payment /mo
Pending
314 Avenida Madrid San Clemente, CA 92672
2,856 SqFt
UPDATED:
12/16/2024 10:54 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,856 sqft
Price per Sqft $674
MLS Listing ID CROC24243456
HOA Y/N No
Originating Board Datashare California Regional
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 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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