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314 Avenida Madrid

San Clemente, CA 92672

– beds
– baths
– sqft
3,664 sqft lot
1971 build
– on site

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!

Listed By CRMLS_CA / Candice Blair / Coldwell Banker Realty / 949-249-6611

Last checked: Checking… • Last updated Dec 16, 2024 •

MLS# OC24243456 —

This property is listed in more than one place. See it here, and here, and here.

The Building

Year Built:

1971
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Drywall Walls, Stucco
Building Area Total:

2856.00
Building Area Units:

Square Feet
Total Number Of Units:

3
# of Buildings:

1
Architectural Style:

Traditional
Roof:

Flat, Shingle
Foundation:

Slab
Stories Total:

2
Entry Level:

1
Number With Patio:

1
Accessibility Features:

2+ Access Exits
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Features:

Ceiling Fan(s), Living Room Balcony
Levels:

Two
Entry Location:

1
Door Features:

Sliding Doors
Flooring:

Bamboo, Carpet
Room Type:

Family Room, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom
Fireplace:

No
Fireplace:

None
Laundry:

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

1

Location

Directions:

El Camino Real to Ave Mateo, right on Ave Madrid
Latitude:

33.42090300
Longitude:

-117.61559700

The Property

Property Type:

Residential Income
Subtype:

Triplex
Property Condition:

Turnkey
Lot Features:

0-1 Unit/Acre
Lot Size Area:

3664.0000
Lot Size Acres:

0.0841
Lot Size SqFt:

3664.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood, Ocean, Peek-A-Boo
Fencing:

Block, Wood
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

25
Tax Tract:

779
Tax Area:

10000
Tax Tract:

042103
Tax Lot:

18

The Listing

Special Listing Conditions:

Standard
Parcel Number:

69204312

Heating & Cooling

Heating:

1
Heating:

Forced Air
Cooling:

No
Cooling:

None

Utilities

Utilities:

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

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
Included:

Yes

The Community

Subdivision:

Other (OTHR)
Subdivision:

OTHER
Features:

Sidewalks, Storm Drains, Street Lights, Suburban
Inclusions:

Washer and Dryer in Laundry Room
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Driveway, Driveway Level, Garage, Garage Faces Front, Garage - Single Door, Garage - Three Door
Parking Spaces:

3.00
Garage Spaces:

3.00

Extra Units

Number With Carpet:

3
Number With Disposal:

3
Number With Dishwasher:

3
Number With Refrigerator:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
12/16/24 Dec 16, 2024	Pending	CRMLS_CA	$1,925,000
12/14/24 Dec 14, 2024	Listed / Active	CRMLS_CA	$1,925,000
12/6/24 Dec 6, 2024	Sold Subject To Contingencies	CRMLS_CA	$1,925,000

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This multifamily located in Pier Bowl, San Clemente, CA 92672 is currently pending sale for $1,925,000. 314 Avenida Madrid is a – square foot multifamily with – beds and – baths that has been on Estately for 18 days. 314 Avenida Madrid is in the Pier Bowl neighborhood of San Clemente and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Clarence Lobo Elementary School, Shorecliffs Middle School, and San Clemente High School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 21:59 on Dec 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.