
San Clemente, California 92672
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $2,299,000—positioned above the $2,120,794 Fair Market Value. While priced for long-term stability, the property features a Condition Rating of 3, offering move-in ready units with Granite Kitchens and Saltillo tile. The Detached Rear Residence provides exceptional privacy, while the three dedicated garages ensure high rental demand. This coastal property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, walk-to-beach lifestyle in San Clemente.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 Avenida Granada Subject | $2,299,000* List Price | 0 | 0 | 2,350 | $902 | - |
A 152 W Canada Sold | $1,800,000 | 0 | 0 | 2,420 | $744 | 0.5 mi |
B 139 W Canada Sold | $1,965,000 | 0 | 0 | 2,166 | $907 | 0.5 mi |
C 227 Avenida Victoria Sold | $1,610,000 | 0 | 0 | 1,424 | $1,131 | 0.1 mi |
D 221 Avenida De La Grulla Sold | $2,350,000 | 0 | 0 | 2,742 | $857 | 0.7 mi |
E 312 Avenida Del Mar Active Under Contract | $2,099,000 List Price | 0 | 0 | 2,174 | $966 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1955, the property has undergone significant renovations likely within the 5-15 year range. Kitchens feature granite countertops and updated cabinetry, while bathrooms have been modernized with newer vanities and vessel sinks. The Saltillo tile and wood-beamed ceilings are well-maintained, and the water heater appears modern and properly strapped, making the units move-in ready.
The property boasts an exceptional walk-score location in the heart of San Clemente, providing immediate access to the beach, the iconic pier, and the premier shopping and dining district on Avenida Del Mar.
The fully detached 2-bedroom rear home offers a rare level of privacy and a spacious open floor plan, making it a perfect opportunity for an owner-user to live on-site while generating income from the front units.
Unlike many coastal multi-family properties, this triplex includes three individual one-car garages, providing essential parking and storage that significantly enhances tenant retention and rental value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6371. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2350, other record living area = 1008.
Built in 1955, the property may require higher ongoing maintenance costs and potential upgrades to aging utility systems despite the recent cosmetic and kitchen remodels.
With a list price exceeding $2.29 million for a total of four bedrooms, the initial capitalization rate may be lower than other investment opportunities, requiring a focus on long-term appreciation over immediate cash flow.
Ideally located in the heart of San Clemente, this charming triplex presents a rare opportunity just a short walk from the beach, San Clemente Beach Trail, iconic San Clemente Pier, and the shops, restaurants, and cafés along Avenida Del Mar. With an unbeatable coastal location and a completely detached rear residence, the property offers exceptional versatility for both investors and owner-users. The two front units feature matching 1 bedroom, 1 bathroom floor plans filled with character and thoughtful updates. Each offers a remodeled kitchen with granite countertops, Saltillo tile flooring, beautiful wood-beamed ceilings, an updated bathroom, and a quaint front balcony that creates a welcoming entry. Each unit also has access to its own one-car garage. Set apart from the front building, the fully detached rear residence is a standout feature of the property, offering 2 bedrooms and 1 bathroom along with an impressive sense of privacy. The spacious, open floor plan showcases classic Spanish-inspired character with Saltillo tile flooring, wood-beamed ceilings, arched openings, French doors, and a traditional fireplace anchoring the living room. A large kitchen features a colorful Spanish tile backsplash, generous cabinetry, and a center island. The rear residence also enjoys its own one-car garage and an expansive private front patio, creating a fantastic outdoor living and entertaining space. Combining three distinctive residences, three garage spaces, timeless character, and an irreplaceable walk-to-everything location near the beach and downtown San Clemente, this is a unique opportunity for an investor or owner-user to acquire a truly special coastal income property.
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 | 2,350 | 1,788.8 |
| Lot Size | 6,098 | 4,023.2 |
| Price | $2.30M | $1.71M |
| Price per sq ft | $978 | $823 |
| Built year | 1955 | 1965 |
| HOA | $0 | $475 |
| Days on market | 23 | 68 |
Aug 17, 2026
$2,299,000
Initial Listing
Aug 6, 2013
$820,000
Public Record
Oct 11, 2000
$435,000
Public Record
Oct 7, 1998
$300,000
Public Record