
San Clemente, California 92672
This coastal triplex represents a Strong Value Opportunity, listed at $2,299,000—positioned well below the $2,318,048 Fair Market Value by 0.82%. This valuation gap offers $19,048 in Instant Equity. Featuring a Condition Rating of 3, the property offers immediate cash flow with recent cosmetic updates, including vinyl plank flooring and fresh paint. Its prime location, just two blocks from the beach, ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers seeking a stable, income-producing coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 803 Calle Puente Subject | $2,299,000* List Price | 0 | 0 | 3,050 | $760 | - |
A 216 W Escalones Sold | $1,899,999 | 0 | 0 | 2,862 | $664 | 0.0 mi |
B 152 W Canada Sold | $1,800,000 | 0 | 0 | 2,420 | $744 | 0.1 mi |
C 121 La Ronda Sold | $2,099,000 | 0 | 0 | 3,390 | $619 | 0.4 mi |
D 236 Avenida Victoria Sold | $1,975,000 | 0 | 0 | 2,924 | $675 | 0.4 mi |
E 245 Avenida Rosa Sold | $2,500,000 | 0 | 0 | 3,436 | $728 | 0.5 mi |
F 221 Avenida De La Grulla Sold | $2,350,000 | 0 | 0 | 2,742 | $857 | 0.3 mi |
G 1512 Buena Vista Sold | $2,650,000 | 0 | 0 | 3,714 | $714 | 0.5 mi |
H 139 W Canada Sold | $1,965,000 | 0 | 0 | 2,166 | $907 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property has undergone recent cosmetic renovations including new vinyl plank flooring and fresh interior paint. The kitchens and bathrooms are functional and well-maintained, making the units move-in ready, though some systems like wall heaters reflect the building's age.
Situated just two blocks from the beach and coastal trails, and six blocks from downtown San Clemente, this property ensures high tenant demand and premium rental rates.
The triplex features a versatile mix of one, two, and three-bedroom floor plans, appealing to a wide range of tenants and maximizing occupancy potential.
Each unit includes its own private one-car garage and dedicated outdoor living space, such as a balcony or yard, which are highly coveted amenities in beachside rentals.
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 = 4139. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3050, other record living area = 3110.
The owner is currently responsible for water, sewer, trash, and hot water costs, which increases operating expenses and reduces the overall net operating income.
The property utilizes a shared coin-operated laundry system rather than in-unit hookups, which may be less attractive to modern tenants seeking maximum convenience.
Exceptional Coastal Triplex Investment Opportunity - Just 2 Blocks from the Beach! Rarely does a well-maintained income property become available in one of San Clemente's most desirable beachside neighborhoods. Ideally located just two blocks from the beach and scenic coastal trails and approximately six blocks from the charming downtown district, tenants enjoy easy access to world-class beaches, restaurants, shopping, cafés, and entertainment, all contributing to strong and consistent rental demand. The property features three separately rented units, each with its own private one-car garage, abundant natural light, and desirable outdoor living spaces including private balconies, a spacious deck, or a fenced yard, depending on the unit. The residences feature updated vinyl plank flooring, fresh interior paint, functional kitchens with stainless steel appliances in select units, and an attractive mix of one-, two-, and three-bedroom floor plans that appeal to a broad tenant base. A shared on-site coin-operated laundry provides additional convenience for residents. Owner currently pays water, sewer, trash, and hot water, while tenants enjoy a low-maintenance coastal lifestyle in one of Orange County's most sought-after rental markets. Current rental income offers immediate cash flow, with potential upside through future rental increases. Whether you're completing a 1031 exchange, expanding your investment portfolio, or acquiring your first coastal multifamily asset, this property presents an outstanding opportunity in a prime location with historically strong tenant demand.
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 | 3,050 | 1,788.8 |
| Lot Size | 3,920 | 4,023.2 |
| Price | $2.30M | $1.71M |
| Price per sq ft | $754 | $823 |
| Built year | 1972 | 1965 |
| HOA | $0 | $475 |
| Days on market | 44 | 68 |
Jul 27, 2026
$2,299,000
Initial Listing
Jun 28, 2019
$1,400,000
Public Record
Oct 29, 2013
$300,000
Public Record