
San Clemente, California 92672
This High-Potential Investment Opportunity is a Turnkey Triplex listed at $3,300,000, positioned slightly above the $3,132,514 Fair Market Value. While the property commands a premium for its Prime Pier Bowl Location and Extensive Renovations, it offers long-term stability in a high-demand coastal market. Featuring a Condition Rating of 2, the asset requires no immediate capital expenditure. With a versatile unit mix and proximity to Avenida Del Mar, this is a premier acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stabilized, income-producing coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 Avenida Victoria Subject 0 bd · 0 ba · 3,328 sqft · $992 | $3,100,000* List Price | 0 | 0 | 3,328 | $992 | - |
A 261 Avenida Granada Sold 0 bd · 0 ba · 2,350 sqft · $979 · 0.1 mi | $2,300,000 | 0 | 0 | 2,350 | $979 | 0.1 mi |
B 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 |
C 129 Avenida Serra Active Under Contract 0 bd · 0 ba · 2,912 sqft · $824 · 0.3 mi | $2,399,000 List Price | 0 | 0 | 2,912 | $824 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1971, the property has undergone an extensive, recent turnkey renovation. It features brand-new kitchens with stainless steel appliances, completely updated modern bathrooms, new flooring, dual-pane windows, and newly installed air conditioning systems, requiring no maintenance.
Situated in the highly coveted Pier Bowl area, the property offers immediate proximity to the San Clemente Pier, local beaches, and the vibrant dining and shopping district of Avenida Del Mar.
The property has been extensively updated with high-end finishes, new kitchens, bathrooms, and air conditioning, offering a rare level of quality that minimizes immediate capital expenditure for an investor.
The configuration of two 2-bedroom units and a large 3-bedroom residence provides excellent versatility and appeals to high-quality tenants in a high-demand coastal rental market.
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 3,328 sqft building on a 3,920 sqft lot, the property has a high building-to-land ratio, resulting in limited private outdoor space and potential parking constraints typical of the area.
Since all units are currently leased at competitive market rates, there is limited immediate opportunity for significant rent increases to drive higher short-term yields.
Discover an exceptional coastal investment opportunity at 223 Avenida Victoria, a beautifully renovated triplex set in the heart of San Clemente’s highly sought-after Pier Bowl. Just moments from the San Clemente Pier, local beaches, Avenida Del Mar, and Downtown San Clemente, the property offers an ideal combination of luxury living, income potential, and an unbeatable location. Extensively renovated throughout, the property reflects a level of quality and pride of ownership rarely seen in multifamily offerings. Each residence features a brand-new kitchen and bathrooms, dual-pane windows, air conditioning, and thoughtfully selected high-end finishes. Select units also enjoy ocean views along with elevated outlooks across Downtown San Clemente. The desirable unit mix consists of two spacious two-bedroom residences on the upper level and a large three-bedroom residence on the lower level. The downstairs three-bedroom unit is large in size and has some private yard space. All three units are currently leased at competitive market rates, but there could be some room to slightly increase them. Located on one of the Pier Bowl’s most recognizable streets, residents are within easy reach of the beach, world-class surf, the San Clemente Beach Trail, and the shops, restaurants, and entertainment of Avenida Del Mar. Popular local dining destinations including Rare Society and Nick’s are just minutes away. With its extensive renovations, desirable unit configuration, strong income potential, and premier coastal location, 223 Avenida Victoria represents a rare opportunity to acquire a turnkey multifamily property in one of Southern California’s most coveted beach communities. Whether held as a long-term investment or incorporated into a broader real estate portfolio, this is a distinctive San Clemente property in a location that is difficult to replicate.
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 | 3,328 | 1,877.692 |
| Lot Size | 3,920 | 3,999.385 |
| Price | $3.10M | $1.79M |
| Price per sq ft | $931 | $822 |
| Built year | 1971 | 1963 |
| HOA | $0 | $475 |
| Days on market | 26 | 75 |
Oct 22, 2026
$3,100,000
$3,300,000
-6% Price Drop
Initial Listing
Sep 29, 2026
$3,300,000
Initial Listing
Mar 3, 2022
$2,300,000
Public Record