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Key Details
Sold Price $1,875,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,856 sqft
Price per Sqft $656
MLS Listing ID CROC24243470
Sold Date 12/30/24
Style Traditional
Bedrooms 5
Full Baths 3
Originating Board California Regional MLS
Year Built 1971
Lot Size 3,485 Sqft
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 Sc - San Clemente Central
Rooms
Family Room Other
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Forced Air
Cooling None
Flooring Bamboo
Fireplaces Type None
Laundry In Laundry Room, Laundry Area, Other
Exterior
Parking Features Garage, Other, Side By Side
Garage Spaces 3.0
Fence 2, Wood
Pool 31, None
Utilities Available Electricity - On Site, Telephone - Not On Site
View None
Roof Type Flat / Low Pitch,Shingle
Building
Foundation Concrete Slab
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 69204312
Special Listing Condition Not Applicable
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Bought with Candice Blair