
San Clemente, California 92672
This Triplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $2,299,000—positioned well below the $2,594,735 Fair Market Value by 11%. This valuation gap offers $295,735 in Instant Equity. Featuring a 2025 Restoration and an Excellent Condition Rating, the property includes three private garages and generates $114,480 in annual income. With its prime coastal location and versatile unit mix, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle with supplemental rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 803 Calle Puente Subject 6 bd · 5 ba · 3,050 sqft · $851 | $2,299,000* List Price | 6 | 5 | 3,050 | $851 | - |
A 216 W Escalones Sold 0 bd · 0 ba · 2,862 sqft · $664 · 0.0 mi | $1,899,999 | 0 | 0 | 2,862 | $664 | 0.0 mi |
B 261 Avenida Granada Sold 0 bd · 0 ba · 2,350 sqft · $979 · 0.4 mi | $2,300,000 | 0 | 0 | 2,350 | $979 | 0.4 mi |
C 226 W Mariposa Sold 0 bd · 0 ba · 2,280 sqft · $899 · 0.1 mi | $2,049,000 | 0 | 0 | 2,280 | $899 | 0.1 mi |
D 117 Avenida Pelayo Pending 0 bd · 0 ba · 2,800 sqft · $804 · 0.3 mi | $2,250,000 List Price | 0 | 0 | 2,800 | $804 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1972, the property underwent a comprehensive restoration completed in 2025. The interiors are in mint condition with new plank-style flooring, fresh paint, and modernized kitchens featuring white shaker cabinetry, mosaic tile backsplashes, and stainless steel appliances. The recent renovation (less than 5 years old) and move-in ready status align with the excellent rating criteria.
Situated just two blocks from the beach and six blocks from downtown San Clemente, this property offers an exceptional lifestyle and high tenant demand in a premier coastal market.
The triplex generates a substantial gross annual income of $114,480, supported by a versatile unit mix and the rare, highly desirable feature of private garages for every unit.
With restoration work completed in 2025, the property features modern updates including plank-style flooring and stainless steel appliances, reducing the need for immediate post-purchase investment.
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 3,920 sqft lot is relatively compact for three separate residences, resulting in limited outdoor common space and high building-to-land density.
Despite recent cosmetic restorations, the 1972 original construction may necessitate ongoing maintenance or future upgrades to aging core mechanical and plumbing systems.
Live the San Clemente Coastal Lifestyle While Rental Income Helps Offset Your Mortgage Imagine living two blocks from the beach, with morning walks along the coast, sunsets, and the relaxed San Clemente lifestyle, while neighboring residences generate rental income. This home is a 1972 corner-lot triplex that combines coastal living with long-term investment potential. Whether you want a beachside primary residence with supplemental income or a place to build wealth through real estate, this property offers both. The three separate residences are a 3 bedroom/2 bath penthouse-style unit with an open floor plan, private staircase entry, and large private deck, a 2 bedroom/2 bath unit with a fenced-in yard and balcony, and a 1 bedroom/1 bath unit with upgraded stainless steel appliances. Each unit has its own private garage, a rare and highly desirable feature in this coastal neighborhood. Interiors feature fresh paint, plank-style flooring, and abundant natural light. Restoration work was completed in 2025. Current gross scheduled rental income is $114,480 per year, in addition to income from the on-site coin-operated laundry. The configuration also suits multigenerational living, extended family, or a straightforward income-producing hold. Two blocks to the beach and coastal trails, and six blocks to downtown San Clemente’s shops, restaurants, and entertainment. Three residences. Three private garages. Multiple income streams. Coastal living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,050 | 1,877.692 |
| Lot Size | 3,920 | 3,999.385 |
| Price | $2.30M | $1.79M |
| Price per sq ft | $754 | $822 |
| Built year | 1972 | 1963 |
| HOA | $0 | $475 |
| Days on market | 4 | 75 |
Oct 21, 2026
$2,299,000
Initial Listing
Jun 28, 2019
$1,400,000
Public Record
Oct 29, 2013
$300,000
Public Record