314 Avenida Madrid

San Clemente, CA 92672

$2,199,999
Price
5
Beds
3
Baths
2,856 Sq. Ft.
$770 / Sq. Ft.
2,856
Sq. Ft.
$770
per Sq. Ft.

Description

Don’t miss out on this rare chance 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 for remodeling to boost cash flow or to be rented immediately at market rates for instant income. One oversized...Don’t miss out on this rare chance 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 for remodeling to boost cash flow or to be rented immediately at market rates for instant income. 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, remodel 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!
  1. Listed by Candice Blair • DRE #01395953 • Brokerage DRE #00616212 • Coldwell Banker Realty • 949-249-6611

Property Details for 314 Avenida Madrid

View
Neighborhood, Ocean, Peek-A-Boo
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2856
LISTING UPDATED: 09/17/2024 05:30 AM

Property Details for 314 Avenida Madrid

StatusActive
MLS #OC24175331
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.08 AC / 3,664 SF
CountyOrange County

Building Information for 314 Avenida Madrid

Stories2Residences-Year Built1971Building Size-Lot Size0.08 AC / 3,664 SF

Property Information for 314 Avenida Madrid

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Insurance, Other
Income / Expense / Tax Details
Income Details
  • Gross Income: $100,230
  • Gross Scheduled Income: $102,630
  • Net Operating Income: $71,269
  • Other Income Description: annual tenant utility charge
  • Other Income 1: $2,700
  • 433a Certified: No
Expense Details
  • Operating Expense: $31,361
  • New Taxes Expense: $26,400
  • Gardener Expense: $900
  • Fuel Expense: $240
  • Electric Expense: $162
  • Insurance Expense: $1,859
  • Trash Expense: $840
  • Water Sewer Expense: $960
  • Total Expenses: $31,361
Tax / Assessment Info
  • Tax Area: 10000
  • Tax Block: 25
  • Tax Tract: 779
  • Tax Tract Number: 042103
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 18
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
  • Equipment: Dishwasher, Dryer, Dryer Included, Laundry Area, Microwave, Refrigerator, Room, Washer, Washer Hookup, Washer Included
  • Interior Features: Ceiling Fan(s)
  • Room Type: Family Room, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Individual Room, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Bamboo, Carpet
Exterior Features
  • Door Features: Sliding Doors
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Flat, Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Block, Wood
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: Ocean, Peek-A-Boo
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Driveway, Garage, Garage - 3 Car
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Driveway, Driveway Level, Garage, Garage Faces Front, Garage - Three Door
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,953
  • Unit Type Total Rent: $2,028
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 1

Property History for 314 Avenida Madrid

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 314 Avenida Madrid

Taxable ValueLand$1,009,849Additions$208,472Total$1,218,321
Tax Record2023$12,335 ($1,028 / month)
Home Facts
Total Finished SqFt2,856 SqFtAbove Grade Finished SqFt2,856 SqFtStories2Lot Size3,664 SqFtStyleTriplexYear Built1971CountyORANGEAPN692-043-12

Schools near 314 Avenida Madrid

This home is within Capistrano Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Clarence Lobo Elementary School
PublicK to 5

Shorecliffs Middle School
Public6 to 8

San Clemente High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

314 Avenida Madrid is a multi-family home for sale in San Clemente, CA 92672. This property was listed for sale on August 24, 2024 by Coldwell Banker Realty, it's currently listed at $2,199,999. It has been on the market for a total of 22 days and was last sold on October 19, 2007. This listing's school district is Capistrano Unified School District. Nearby schools include Clarence Lobo Elementary School, Shorecliffs Middle School and San Clemente High School. 314 Avenida Madrid is a 5-bed, 3-bath, 2,856 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Candice Blair, DRE #01395953

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.