314 Avenida Madrid San Clemente, CA 92672
Listing Courtesy of: CRMLS / Coldwell Banker Realty / Candice Blair - Contact:  949-249-6611

  314 Avenida Madrid San Clemente, CA 92672

Active (71 Days)
$1,999,000

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.

MLS #:
OC24175331
Lot Size
3,664 SQFT
Type
Multifamily
Year Built
1971
Views
Peek-a-Boo, Ocean, Neighborhood
County
Orange County
Community
,Other

Listed By

Candice Blair, DRE #01395953 CA, Coldwell Banker Realty, Contact: 949-249-6611
Source
CRMLS
Last checked Nov 7 2024 at 10:33 PM PST
Bathroom Details
Interior Features
  • Water Heater
  • Washer
  • Refrigerator
  • Microwave
  • Gas Range
  • Dryer
  • Disposal
  • Dishwasher
  • Laundry: Washer Hookup
  • Laundry: Laundry Room
  • Laundry: Common Area
  • Main Level Primary
  • Ceiling Fan(s)
Subdivision
  • ,other
Property Features
  • Foundation: Slab
Heating and Cooling
  • Forced Air
Flooring
  • Carpet
  • Bamboo
Exterior Features
  • Roof: Shingle
  • Roof: Flat
Utility Information
  • Utilities: Water Source: Public, Water Available, Sewer Connected, Phone Available, Natural Gas Available, Electricity Available, Cable Available
  • Sewer: Public Sewer
Parking
  • Garage Faces Front
  • Garage
  • Driveway Level
  • Driveway
  • Door-Multi
Stories
  • 2
Additional Information: Laguna Niguel | 949-249-6611
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 30, 2024
Price Changed
$1,999,000
-9%
-200,999
Sep 17, 2024
Price Changed
$2,199,999
-8%
-200,000
Aug 21, 2024
Original Price
$2,399,999
-
-
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.