314 Avenida Madrid Active Save Request In-Person Tour Request Virtual Tour
San Clemente,CA 92672
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision ,Other
MLS Listing ID OC24174480
Bedrooms 5
Full Baths 3
Year Built 1971
Lot Size 3,484 Sqft
Property Description
HUGE PRICE REDUCTION TO SELL NOW! Don?t miss out on this rare opportunity to own one of the last affordable coastal properties in San Clemente?a prime location just one block from the sand and the iconic San Clemente Pier. Enjoy easy access to world-class surfing, oceanfront running trails, and some of the best restaurants and shops in town. This triplex is an investment gem, featuring- Two vacant two-bedroom, one-bath units ready to be rented immediately at market rates for instant income or improve to maximize rents. One oversized one-bedroom, one-bath unit with a partial ocean view, currently rented and providing consistent rental income. Three single-car garages with ample driveway space for beachside parking. A separate laundry room with a washer and dryer can be converted into a coin-operated facility for additional revenue. New furnaces in the units for added value. Whether you're looking to generate steady rental income, improve and increase value, or enjoy the ultimate beach lifestyle by living in one unit while renting out the others, this property offers incredible flexibility and potential. Seize this opportunity to own a piece of San Clemente?s coveted coastal paradise! This triplex is priced to sell quickly so don't miss out on this special location. Excellent cap rate, low maintenance building, and easy location to rent.
Location
State CA
County Orange
Area Sc - San Clemente Central
Rooms
Ensuite Laundry Common Area,Laundry Room,Outside
Interior
Laundry Location Common Area,Laundry Room,Outside
Heating Forced Air
Cooling None
Flooring Bamboo,Carpet
Fireplaces Type None
Inclusions Washer and dryer in laundry room, refrigerators in units
Laundry Common Area,Laundry Room,Outside
Exterior
Garage Door-Multi,Driveway Level,Driveway,Garage Faces Front,Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Block,Wood
Pool None
Community Features Storm Drain(s),Street Lights,Suburban,Sidewalks
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Connected,Water Available
View Y/N No
View None
Roof Type Flat,Shingle
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Triplex
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Clarence Lobo
Middle Schools Shorecliff
High Schools San Clemente
School District Capistrano Unified
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,VA Loan
Listing Terms Cash,Cash to New Loan,Conventional,VA Loan
Special Listing Condition Standard