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

251 Avenida Madrid, San Clemente, California 92672 home-pic-0
ACTIVE$3,300,000
251 Avenida Madrid, San Clemente, California 92672
0Bed
0Bath
3,904Sqft
8,276Lot
Year Built
1977
Close
-
List price
$3.3M
Original List price
$3M
Price/Sqft
$845
HOA
-
Days on market
-
Sold On
-
MLS number
SW25108007
Home ConditionExcellent
Features
Good View: Canyon, Neighborhood, Ocean, Peek-A-Boo
Deck
ViewCanyon, Neighborhood, Ocean, Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $3.30M(90th), sqft - 3904(83th), beds - undefined(50th), baths - undefined(50th).

Extremely Rare San Clemente Coastal Triplex – Welcome to an exceptional investment opportunity—a meticulously maintained triplex located in the heart of San Clemente, nestled on the desirable north side of Trafalgar Canyon. This coastal beauty boasts unbeatable curb appeal and is walking distance to everything that makes San Clemente special: T-Street Beach, the San Clemente Pier and walking trail, and Downtown’s vibrant shopping and dining. Property Highlights: Three Fully Appointed Units (2) Lower-level 2 Bed / 1 Bath units, each with two private decks (1) Upper-level 3 Bed / 2 Bath loft-style unit with a sprawling private deck. Interior Features in Every Unit include Full-size washer & dryer behind shuttered doors, Refrigerator, dishwasher, and modern appliances. New paint and new ceiling fans throughout. New flooring in Units 1 & 2. Unit 1: Brand new kitchen & fully remodeled bathroom. Garage & Parking - Each unit has its own 2-car garage with storage cabinets, remotes, keypads & timed lighting. BONUS: One additional 2-car garage – perfect for owners or added tenant use. Exterior Improvements include - New roof. Full exterior painting & conditioning, with all cracks repaired. Professionally designed landscaping surrounding the property. Outdoor lighting and electrical upgraded for both security and ambiance. Construction materials & pavers removed, making way for future outdoor entertainment areas. Two new rear staircases add value and functionality, sparking future expansion or enhancement ideas. This is more than an income property—it’s a rare lifestyle asset. It radiates pride of ownership from top to bottom and offers tremendous upside potential in a location that’s nearly impossible to beat. Whether you’re looking to live in one unit and rent the others, or add a trophy investment to your portfolio, this San Clemente Triplex delivers on every level.

Condition Rating
Excellent

Despite being built in 1977, this triplex has undergone extensive and recent renovations, aligning with the 'extensively renovated within 5 years' criteria. Key updates include a new roof, full exterior painting, upgraded outdoor electrical, new rear staircases, new paint and ceiling fans throughout all units, and new flooring in two units. Crucially, Unit 1 boasts a brand new kitchen and a fully remodeled bathroom, and all units are equipped with modern appliances. These significant improvements to both the interior and exterior, particularly in the high-impact areas of kitchens and bathrooms, bring the property's condition to a virtually new standard with no deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location: Unbeatable walkability to T-Street Beach, the San Clemente Pier, walking trail, and Downtown's vibrant shopping and dining, making it highly desirable for tenants and owner-occupants alike.
Extensive Capital Improvements: Significant recent upgrades including a new roof, full exterior painting, professionally designed landscaping, and new rear staircases, reducing immediate maintenance costs and enhancing curb appeal.
Turnkey Investment Property: Meticulously maintained triplex with updated interiors (new kitchen/bath in Unit 1, new flooring in Units 1 & 2, modern appliances, and full-size washer/dryer in all units), ready for immediate income generation.
Abundant Dedicated Parking: Each unit benefits from its own 2-car garage, plus an additional 2-car garage, providing ample and secure parking, a rare and valuable amenity in a coastal area.
Versatile Ownership Opportunity: Offers flexibility for an owner to live in one unit and rent the others, or to acquire a trophy investment asset with tremendous upside potential in a highly sought-after market.

Cons

High Entry Price Point: The $3.3 million list price represents a significant capital outlay, potentially limiting the pool of prospective investors or owner-occupants despite its strong attributes.
Limited Ocean View: While 'Ocean' is listed among the views, the 'Peek-A-Boo' descriptor suggests partial or obstructed views, which might not meet the expectations of some buyers seeking expansive coastal vistas at this price point.
Potential for Older Systems: Despite extensive cosmetic and exterior renovations, the 1977 construction year implies that some core systems (e.g., original plumbing, electrical beyond lighting upgrades) might still be older, potentially requiring future maintenance or upgrades not explicitly covered in the recent renovations.

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