243 Avenida Madrid, San Clemente, California 92672, San Clemente, 92672 - bed, bath

243 Avenida Madrid, San Clemente, California 92672 home-pic-0

243 Avenida Madrid

San Clemente, California 92672

ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,000Sq Ft
10,890Lot Size

Property Price

LIST PRICE$3,250,000

SUMMARY

Analysis of 243 Avenida Madrid, San Clemente, California 92672 is currently available with a list price of $3,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Clemente Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property, built in 1927, shows signs of being aged but maintained. While the description highlights historic charm and architectural details, the images reveal kitchens and bathrooms with outdated styles, particularly the blue tiled countertops/backsplashes and older white appliances in the kitchens, and the blue tiled walls in the bathrooms. These elements suggest renovations likely occurred 20-30 years ago. The property is functional but requires significant modernization to meet contemporary standards, as also noted in the listing's 'Property Age & Modernization Needs' weakness.

PROSSTRENGTHS & OPPORTUNITIES

  • Premier Coastal Location

    Situated in the highly desirable 'Spanish Village by the Sea,' offering exceptional walkability to downtown boutiques, gourmet dining, the pier, and T-Street beach, enhancing tenant appeal and property value.

  • Multi-Unit Income & Investment

    A 5-unit multi-family property (studios) providing immediate rental income and significant long-term value through modernization, rental optimization, or creative redevelopment opportunities.

  • Historic & Architectural Significance

    The iconic 'Warner Apartments,' built in 1927, boasts a rich heritage and distinctive Mediterranean style with original hardwood, hand-painted tile details, and vaulted cathedral ceilings.

CONSRISKS & DEFICIENCIES

  • Property Age & Modernization Needs

    Built in 1927, the property's age suggests potential for outdated systems, deferred maintenance, and the necessity for significant modernization to meet contemporary tenant expectations and maximize rental income.

  • Studio-Only Unit Configuration

    Comprising exclusively studio units, this configuration may limit the target tenant demographic and potentially cap rental income compared to properties offering larger unit types.

  • Multiple Price Reductions

    The property has undergone multiple price reductions from its original listing, which could indicate initial overpricing or market perception of its value, potentially affecting buyer confidence or negotiation leverage.

About 243 Avenida Madrid

About the Property Presenting a rare and storied slice of San Clemente’s heritage—The Warner Apartments. Originally erected in 1927, this iconic multi-unit property was commissioned by Judge Warner after acquiring the land from Ole Hanson in 1926 for $5,000—and securing $10,000 in financing the very next day. Notably, Judge Warner was the brother of the legendary youth football pioneer Pop Warner, adding a unique touch to the property’s legacy Perched above the serene T-Street Coastal Canyon, this Mediterranean-style complex exudes timeless prestige. Spanning approximately 10,790 sq ft on a striking 0.25-acre lot, it comprises 5 distinct units, each offering privacy and charm Interior & Architectural Highlights Rich hardwood and tile flooring, featuring custom, hand-painted tile details that whisper elegance. Dramatic tongue-and-groove vaulted cathedral ceilings, adding volume and architectural interest. Multiple wood-burning fireplaces, perfectly suited for creating cozy and inviting living spaces. Outdoor & Lot Features Multiple private patios and balconies with sweeping vistas overlooking the verdant canyon—ideal for enjoying morning coffee or tranquil evenings. A generous driveway and off-street parking accommodating up to 10 vehicles, rare for coastal San Clemente. Investment Potential & Layout Built as a multi-family residential property with five individual studios, delivering solid rental income and flexibility. Exceptional long-term value with potential for modernization, rental optimization, or creative redevelopment. Location & Lifestyle Nestled in the heart of San Clemente’s “Spanish Village by the Sea,” celebrated for its lovely Spanish Colonial architecture and coastal charm. Within a short stroll to downtown boutiques, gourmet dining, the pier, and T-Street beach—a coveted location for renters and lifestyle seekers alike. Exceptional walkability and access to nearby amenities, with local shopping plazas just minutes away and beaches within daily reach. Summary: A heritage-rich, architecturally distinctive multi-family property perched on the canyon edge—offering unparalleled investment opportunity and coastal living in one of Southern California’s most desirable enclaves.

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1927
Lot Size
10,890 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,0002,592
58%
Lot Size10,8903,920
94%
Price$3.25M$1.80M
90%
Price per sq ft$1.1K$725
84%
Built year19271964
3%
HOA$0$0
50%
Days on market206204
55%

Pricing History

Listed for Sale

Jan 31, 2026

$3,250,000

$3,490,000

-7% Price Drop

Initial Listing

Price Change

Dec 27, 2025

$3,490,000

$3,600,000

-3% Price Drop

Initial Listing

Price Change

Oct 11, 2025

$3,600,000

$3,750,000

-4% Price Drop

Initial Listing

Price Change

Aug 13, 2025

$3,750,000

Initial Listing

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