
San Clemente, California 92672
This Turnkey Triplex represents a High-Potential Investment Opportunity, listed at $2,399,000—positioned well below the $2,430,093 Fair Market Value by 1%. This valuation gap offers $31,093 in Instant Equity. Featuring a Turnkey Condition Rating, the property includes a 3-bedroom unit with a private patio and two units with Panoramic Ocean Views. Its prime coastal location ensures high rental demand, making this a stable, income-generating asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 129 Avenida Serra Subject | $2,399,000* List Price | 0 | 0 | 2,912 | $835 | - |
A 216 W Escalones Sold | $1,899,999 | 0 | 0 | 2,862 | $664 | 0.5 mi |
B 121 La Ronda Sold | $2,099,000 | 0 | 0 | 3,390 | $619 | 0.5 mi |
C 221 Avenida De La Grulla Sold | $2,350,000 | 0 | 0 | 2,742 | $857 | 0.7 mi |
D 139 W Canada Sold | $1,965,000 | 0 | 0 | 2,166 | $907 | 0.4 mi |
E 803 Calle Puente Active | $2,299,000 List Price | 0 | 0 | 3,050 | $754 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1963, the property has undergone a comprehensive recent remodel (likely within the last 5 years) across all three units. The interiors feature modern kitchens with newer shaker cabinetry and quartz countertops, updated bathrooms with new fixtures and tile work, and new flooring, baseboards, and windows throughout, placing it in turnkey condition.
The property boasts exceptional walkability to the San Clemente Pier, Beach Trail, and the vibrant shops and restaurants of Avenida Del Mar, ensuring high tenant demand and premium rental rates.
Extensively remodeled with a modern coastal aesthetic, the units feature updated kitchens, bathrooms, flooring, and windows, allowing for immediate occupancy without the need for additional capital improvements.
The configuration includes a rare 3-bedroom lower unit with an expansive private backyard patio and two upper units offering ocean views, private balconies, and individual garage parking for every residence.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3920, other record lot size in square feet = 4000.
With a lot size of 3,920 square feet, the property has limited outdoor space beyond the existing patios and balconies, restricting potential for further expansion or additional amenities.
Originally constructed in 1963, the property may require higher long-term maintenance costs for core structural and utility systems compared to newer multifamily developments.
Rare investment opportunity in the heart of San Clemente, offering an incredible walkable location just moments from the beach, San Clemente Pier, the San Clemente Beach Trail, and the shops and restaurants of Avenida Del Mar! This beautifully remodeled triplex combines a highly desirable coastal setting with three updated residences, individual garage parking and private outdoor spaces. The lower residence features 3 bedrooms, 1.5 bathrooms, a one-car garage, and an expansive private backyard patio. Generous in size and rarely found in a multifamily property this close to the coast, the patio creates an incredible extension of the living space with plenty of room for outdoor dining, entertaining, and relaxing. The two upper residences each offer 2 bedrooms, 1 bathroom, a one-car garage, private balcony, and an ocean view. All three units have been thoughtfully remodeled with a fresh, coastal aesthetic. Light, bright, and inviting interiors feature updated kitchens with newer cabinetry, updated flooring, baseboards, and windows, along with refreshed bathrooms featuring updated tubs, sinks, and toilets. Updated garage doors further enhance the property, while shared laundry provides additional convenience. With three beautifully updated residences in turnkey condition, this property presents a compelling opportunity for investors seeking a well-positioned coastal income property with lasting tenant appeal. The combination of exceptional walkability, proximity to the beach and downtown, private outdoor spaces, and extensive improvements makes 129 Serra a standout offering in the San Clemente multifamily market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,912 | 1,788.8 |
| Lot Size | 3,920 | 4,023.2 |
| Price | $2.40M | $1.71M |
| Price per sq ft | $824 | $823 |
| Built year | 1963 | 1965 |
| HOA | $0 | $475 |
| Days on market | 33 | 68 |
Aug 7, 2026
$2,399,000
Initial Listing
Mar 1, 2019
$1,625,000
Public Record
Mar 1, 2017
$1,075,000
Public Record