
San Clemente, California 92672
This triplex represents a High-Potential Investment Opportunity with a List Price of $1,850,000—positioned slightly above the $1,847,223 Fair Market Value. While the pricing is stable, the property offers significant upside through its Condition Rating of 3 and below-market rents. Key features include individual garages and a shared ocean-view deck, providing a competitive edge in the downtown market. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on rental income while securing a prime coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 213 Avenida Granada Subject 0 bd · 0 ba · 2,000 sqft · $924 | $1,850,000* List Price | 0 | 0 | 2,000 | $924 | - |
A 312 Avenida Del Mar Sold 0 bd · 0 ba · 2,174 sqft · $1,000 · 0.2 mi | $2,173,000 | 0 | 0 | 2,174 | $1,000 | 0.2 mi |
B 226 W Mariposa Sold 0 bd · 0 ba · 2,280 sqft · $899 · 0.5 mi | $2,049,000 | 0 | 0 | 2,280 | $899 | 0.5 mi |
C 152 W Canada Sold 0 bd · 0 ba · 2,420 sqft · $744 · 0.5 mi | $1,800,000 | 0 | 0 | 2,420 | $744 | 0.5 mi |
D 127 Avenida Del Poniente Sold 0 bd · 0 ba · 1,433 sqft · $1,117 · 0.5 mi | $1,600,000 | 0 | 0 | 1,433 | $1,117 | 0.5 mi |
E 227 Avenida Victoria Sold 0 bd · 0 ba · 1,424 sqft · $1,131 · 0.1 mi | $1,610,000 | 0 | 0 | 1,424 | $1,131 | 0.1 mi |
F 120 E Mariposa Sold 0 bd · 0 ba · 1,500 sqft · $967 · 0.4 mi | $1,450,000 | 0 | 0 | 1,500 | $967 | 0.4 mi |
G 261 Avenida Granada Pending 0 bd · 0 ba · 2,350 sqft · $978 · 0.2 mi | $2,299,000 List Price | 0 | 0 | 2,350 | $978 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1951, the property has undergone partial renovations, specifically in the kitchens which feature shaker-style cabinetry and updated backsplashes consistent with a 5-15 year old remodel. The units are functional, well-maintained, and move-in ready, though some systems remain dated as evidenced by window AC units and older appliances.
Situated in the heart of downtown San Clemente, this property offers exceptional walkability to the pier, beaches, and local dining, ensuring high tenant demand and a premium coastal lifestyle.
Unlike many downtown coastal properties, this triplex includes a private one-car garage for each unit, providing a significant competitive advantage and added value for residents.
With all three units currently rented at below-market rates, there is immediate opportunity for an investor to increase rental income and capitalize on the property's upside.
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.
Originally built in 1951, the property may require more frequent maintenance or capital expenditures to modernize systems and finishes compared to newer developments.
The uniform configuration of three 1-bedroom, 1-bathroom units restricts the potential tenant base to individuals or couples, limiting appeal to larger households.
Rare San Clemente investment opportunity in the heart of downtown, just blocks from the San Clemente Pier, beaches, restaurants, shopping, and the best of the coastal lifestyle. This desirable triplex features three individual units, each offering 1 bedroom, 1 bath, and its own 1 car garage an exceptional feature for a downtown coastal property. Residents also enjoy a shared community deck with beautiful ocean views, creating the perfect place to relax and take in the coastal setting. All three units are currently rented, providing immediate rental income, while current rents are below market value, offering potential upside for the future. With its prime walkable location, ocean view outdoor space, individual garages, and established tenancy, this property presents an outstanding opportunity to own an income-producing asset in one of Southern California’s most sought-after beach communities.
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 | 2,000 | 1,877.692 |
| Lot Size | 3,920 | 3,999.385 |
| Price | $1.85M | $1.79M |
| Price per sq ft | $925 | $822 |
| Built year | 1951 | 1963 |
| HOA | $0 | $475 |
| Days on market | 25 | 75 |
Sep 30, 2026
$1,850,000
Initial Listing
Sep 2, 1997
$199,000
Public Record