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!
Sold for $1,875,000
Listed by: Coldwell Banker Realty • Candice Blair • Contact: 949-204-0480
Bought with: Coldwell Banker Realty
Tax assessed value
$1,875,000
314 Avenida Madrid, San Clemente, CA 92672
5beds
2,856sqft
Triplex
Built in 1971
-- sqft lot
$2,535,900 Zestimate®
$657/sqft
$7,335 Estimated rent
Home value
$2,535,900
$2.23M - $2.89M
$7,335/mo
Zestimate® history
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List your homeWhat's special
Partial ocean viewTwo-bedroom one-bath unitsSingle-car garagesNew furnacesOversized one-bedroom one-bath unitIconic san clemente pierWasher and dryer
Zillow last checked:
Listing updated:
Listed by:
Candice Blair DRE #01395953 949-249-6611,
Coldwell Banker Realty,
Listing Team: The Candice Blair Group
Bought with:
Candice Blair, DRE #01395953
Coldwell Banker Realty
Source: CRMLS,MLS#: OC24243470
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Family Room, Kitchen, Laundry, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Tub Shower
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
- Laundry: Common Area, Laundry Room, Outside
Features
- Ceiling Fan(s), Bedroom on Main Level, Main Level Primary
- Flooring: Bamboo, Carpet
- Windows: Screens
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 2,856 sqft
Property
Parking
- Total spaces: 3
- Parking features: Door-Multi, Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage, Side By Side
- Attached garage spaces: 3
Accessibility
- Accessibility features: Safe Emergency Egress from Home, No Stairs
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Deck, Patio
- Pool features: None
- Spa features: None
- Fencing: Block,Wood
- Has view: Yes
- View description: None
Lot
- Size: 3,485 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 69204312
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Drywall, Stucco
- Foundation: Slab
- Roof: Flat,Shingle
Condition
- Turnkey
- New construction: No
- Year built: 1971
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Suburban, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Other
Location
- Region: San Clemente
Financial & listing details
- Price per square foot: $657/sqft
- Tax assessed value: $1,875,000
- Annual tax amount: $18,972
- Date on market: 12/3/2024
- Cumulative days on market: 48 days
- Listing terms: Cash,Cash to New Loan,Conventional,VA Loan
- Inclusions: Washer and dryer in laundry room, refrigerators in units
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2024 | Sold | $1,875,000-2.6%$657/sqft |
Source:  CRMLS #OC24243470 Report a problem | ||
| 12/16/2024 | Pending sale | $1,925,000$674/sqft |
Source: CRMLS #OC24243456 Report a problem | ||
| 12/15/2024 | Listed for sale | $1,925,000$674/sqft |
Source: CRMLS #OC24243456 Report a problem | ||
| 12/7/2024 | Contingent | $1,925,000$674/sqft |
Source: CRMLS #OC24243456 Report a problem | ||
| 12/4/2024 | Listed for sale | $1,925,000+142492.6%$674/sqft |
Source: CRMLS #OC24243456 Report a problem | ||
| 3/31/2018 | Listing removed | $2,200$1/sqft |
Source: Niguel Point Properties #OC18060545 Report a problem | ||
| 3/17/2018 | Listed for rent | $2,200+63%$1/sqft |
Source: Niguel Point Properties #OC18060545 Report a problem | ||
| 4/10/2013 | Listing removed | $1,350 |
Source: Niguel Point Properties, Inc. Report a problem | ||
| 2/14/2013 | Listed for sale | $1,350 |
Source: Niguel Point Properties, Inc. Report a problem | ||
| 2/14/2013 | Listing removed | $1,350 |
Source: HotPads for Rent Report a problem | ||
| 2/1/2013 | Listed for rent | $1,350 |
Source: HotPads for Rent Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,972 +50.6% | $1,875,000 +50.9% |
| 2024 | $12,600 +2.2% | $1,242,687 +2% |
| 2023 | $12,335 +1.9% | $1,218,321 +2% |
| 2022 | $12,100 +2% | $1,194,433 +2% |
| 2021 | $11,867 +1% | $1,171,013 +1% |
| 2020 | $11,749 | $1,159,006 +2% |
| 2019 | $11,749 +2% | $1,136,281 +2% |
| 2018 | $11,518 +4% | $1,114,001 +2% |
| 2017 | $11,076 | $1,092,158 +13.8% |
| 2016 | $11,076 +13.7% | $959,411 +1.5% |
| 2015 | $9,737 +6.4% | $945,000 +4.8% |
| 2014 | $9,154 | $901,480 |
| 2013 | -- | $901,480 +2% |
| 2012 | -- | $883,804 +2% |
| 2011 | -- | $866,475 +0.8% |
| 2010 | -- | $860,000 -12.6% |
| 2009 | -- | $984,300 +2% |
| 2008 | -- | $965,000 +283.1% |
| 2007 | -- | $251,925 +2% |
| 2006 | -- | $246,986 +2% |
| 2005 | -- | $242,144 +2% |
| 2004 | -- | $237,397 +1.9% |
| 2003 | -- | $233,047 +2% |
| 2002 | -- | $228,478 +2% |
| 2001 | $2,510 +1.7% | $223,999 +2% |
| 2000 | $2,469 | $219,607 |
Find assessor info on the county website
Neighborhood: 92672
Nearby homes
- $1,227,5002 bd1 ba1.1k sqft314 Avenida Madrid #A, San Clemente, CA 92672Off Market
- $1,642,0001 bd1 ba884 sqft314 Avenida Madrid #C, San Clemente, CA 92672Off Market
- $1,604,5002 bd1 ba1.1k sqft314 Avenida Madrid #B, San Clemente, CA 92672Off Market
- $2,162,9002 bd1 ba1.9k sqft312 Avenida Madrid APT A, San Clemente, CA 92672Off Market
- $--1 bd1 ba800 sqft312 Avenida Madrid APT B, San Clemente, CA 92672Off Market
- $--2 bd1 ba1k sqft312 Avenida Madrid APT C, San Clemente, CA 92672Off Market
- $1,830,0004 bd3 ba1.9k sqft312 Avenida Madrid, San Clemente, CA 92672Sold
- $2,925,2005 bd3 ba3.3k sqft316 Avenida Madrid, San Clemente, CA 92672Off Market
Nearby schools
GreatSchools rating
- 8/10Clarence Lobo Elementary SchoolGrades: K-5Distance: 1.6 mi
- 8/10Shorecliffs Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10San Clemente High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Clarence Lobo
- Middle: Shorecliff
- High: San Clemente
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,535,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,535,900
- California
- Orange County
- San Clemente
- 92672
- 314 Avenida Madrid
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