Listing Agent: Ashley Hyde      Broker/Office: Compass
228 Avenida Pelayo San Clemente CA 92672
$ 2,350,000
  4   |    1928 Sq Feet

Listing ID

#OC26200345

Status

Active

Property Type

Triplex

Property Style

Mid-Century Modern

County

Orange

Neighborhood

North Beach

Year Built

1956

Days on website

3

Description
Set in one of San Clemente’s most up-and-coming neighborhoods, this mid-century North Beach triplex sits half a block from the ocean and close to many of the area’s exciting attractions. Each unit has a distinctly mid-century beach feel with beamed ceilings, appealing geometric lines, laminate wood-look flooring throughout, white cabinetry, and quartz countertops. All units are turnkey with the previous owner’s extensive renovations combined with the current owner’s improvements of all-new electrical panels (2024), new water heater in the 1-bedroom unit (2024), and a reverse osmosis water filtration system in the 2-bedroom unit (2023).

Set furthest back from the street, Unit C offers 2 bedrooms and 1 bath, a generously sized open floor plan, fireplace, and completely enclosed private wraparound yard complete with garden boxes. In the center of the building, Unit B offers 1 bedroom and 1 bath, an airy and open living area, and a massive private deck looking out to the neighborhood. At the front of the building, Unit A is a ground-level Studio with small fridge & freezer, induction cooktop, microwave, double-basin sink, and a private bathroom with walk-in shower. Each residence conveniently has a dedicated driveway parking spot, and Unit C currently has exclusive use of the 2-car garage. Both in-unit laundry and dedicated parking are difficult to come by for multifamily investments in this area.

This turnkey investment opportunity is currently producing $117,600 in gross annual income and located in close proximity to the beloved surf break 204’s, the new Miramar Food Hall, a 2.5-mile beach trail, neighborhood coffee shops, and bars. Also an easy bike, golf cart, or walk to Downtown’s Avenida Del Mar, and the train stops close by for commuters. A unique multifamily investment with location and architectural flair, truly a rare opportunity in San Clemente.
Location
Financial Information
List Price:  $ 2350000
Property Features
Appliances:  Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Washer
Community Features:  Sidewalks
Construction Materials:  Frame, Stucco
Direction Faces:  Southwest
Electric:  Standard
Fencing:  Wood
Fireplace Features:  Gas
Flooring:  Laminate
Foundation Details:  Slab
Heating:  Central
High School District:  Capistrano Unified
Interior Features:  Attic
Laundry Features:  Stacked
Levels:  Two
Parking Features:  Driveway
Patio And Porch Features:  Concrete, Deck, Patio
Property Condition:  Turnkey
Road Surface Type:  Paved
Roof:  Bitumen
Senior Community YN:  false
Structure Type:  Triplex
View:  Neighborhood
Water Source:  Public
High School District:  Capistrano Unified
Senior Community YN:  false
MLS Area Major:  SN - San Clemente North
City:  San Clemente
Listed By:   Ashley Hyde   Compass 
CA Lic#