CA > San Clemente
San Clemente, CA 92672,314 Avenida Madrid
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San Clemente, CA 92672,314 Avenida Madrid
San Clemente, CA 92672,314 Avenida Madrid
San Clemente, CA 92672,314 Avenida Madrid
San Clemente, CA 92672,314 Avenida Madrid
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Lisa Reinsmith

Lisa Reinsmith

+1(925) 550-2689
$ 1,925,000
Est. payment /mo
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314 Avenida Madrid San Clemente, CA 92672

5 Beds

3 Baths

2,856 SqFt

UPDATED:

12/04/2024 10:18 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,856 sqft

Price per Sqft $674

MLS Listing ID CROC24243470

Bedrooms 5

Full Baths 3

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 propert

Location

State CA

County Orange

Area Listing

Interior

Interior Features Family Room

Heating Forced Air

Cooling Ceiling Fan(s), None

Flooring Carpet, Bamboo

Fireplaces Type None

Fireplace No

Window Features Screens

Appliance Dishwasher, Gas Range, Microwave, Refrigerator

Laundry Laundry Room, Other

Exterior

Exterior Feature Other

Garage Spaces 3.0

Pool None

Utilities Available Sewer Connected, Cable Available, Natural Gas Available

View Y/N false

View None

Handicap Access Other

Total Parking Spaces 3

Private Pool false

Building

Lot Description Street Light(s), Storm Drain

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two Story

New Construction No

Schools

School District Capistrano Unified

Others

Tax ID 69204312

Bridge MLS
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Candice Blair • Coldwell Banker Realty

Lisa Reinsmith

Realtor® | License ID: 01512772

+1(925) 550-2689

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