
San Clemente, California 92672
This mid-century North Beach triplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $2,350,000—positioned well above the $1,950,063 Fair Market Value by -20%. Featuring a Mint Condition Rating with 2024 electrical and plumbing upgrades, this turnkey Residential Income asset offers rare coastal amenities including dedicated parking and in-unit laundry. Its proximity to the beach and local attractions ensures strong rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing, low-maintenance coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 Avenida Pelayo Subject 4 bd · 3 ba · 1,928 sqft · $1,063 | $2,300,000* List Price | 4 | 3 | 1,928 | $1,063 | - |
A 226 W Mariposa Sold 0 bd · 0 ba · 2,280 sqft · $899 · 0.3 mi | $2,049,000 | 0 | 0 | 2,280 | $899 | 0.3 mi |
B 312 Avenida Del Mar Sold 0 bd · 0 ba · 2,174 sqft · $1,000 · 0.6 mi | $2,173,000 | 0 | 0 | 2,174 | $1,000 | 0.6 mi |
C 817 Calle Puente Active 0 bd · 0 ba · 2,242 sqft · $1,059 · 0.3 mi | $2,375,000 List Price | 0 | 0 | 2,242 | $1,059 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1956, the property is in mint, turnkey condition following extensive recent renovations. Significant system upgrades were completed in 2024, including all-new electrical panels and water heaters. The kitchens and bathrooms feature modern finishes such as quartz countertops, white cabinetry, and stainless steel appliances, meeting the criteria for a comprehensive renovation performed within the last 5 years.
Situated just half a block from the ocean in the up-and-coming North Beach neighborhood, the property offers exceptional proximity to surf breaks, the beach trail, and the Miramar Food Hall.
The property is a high-performing asset generating $117,600 in gross annual income, featuring extensive recent renovations including new electrical panels, water heaters, and modern interior finishes.
Unlike many local coastal investments, this triplex provides dedicated driveway parking for every unit, a two-car garage, and highly coveted in-unit laundry facilities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4356, other record lot size in square feet = 4499. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1928, other record living area = 1285.
With a total of 1,928 square feet divided among three units, the individual living spaces are relatively compact, particularly the studio which lacks a full kitchen.
Despite the premium price point and proximity to the water, the property offers only neighborhood views rather than the direct Pacific Ocean vistas often expected at this valuation.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,928 | 1,877.692 |
| Lot Size | 4,356 | 3,999.385 |
| Price | $2.30M | $1.79M |
| Price per sq ft | $1.2K | $822 |
| Built year | 1956 | 1963 |
| HOA | $0 | $475 |
| Days on market | 43 | 75 |
Oct 16, 2026
$2,300,000
$2,350,000
-2% Price Drop
Initial Listing
Sep 12, 2026
$2,350,000
Initial Listing
Aug 26, 2022
$2,100,000
Public Record
Mar 26, 2013
$692,000
Public Record
Sep 24, 1999
$267,000
Public Record