GetMyHome
‪(213) 433-7766‬

221 Avenida Monterey, San Clemente, California 92672, San Clemente, - bed, bath

home-pic
PENDING$1,999,000
221 Avenida Monterey, San Clemente, California 92672
5Beds
5Baths
2,573Sqft
8,276Lot
Year Built
1961
Close
-
List price
$2M
Original List price
$2.23M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25159411
Home ConditionGood
Features
Good View: Canyon, Neighborhood, Ocean
Deck
ViewCanyon, Neighborhood, Ocean

About this home

Exceptional 4-Unit Multi-Family Property | Prime San Clemente Location | Ocean & Canyon Views. Discover a rare investment opportunity in the heart of San Clemente! This beautifully upgraded 4-unit multi-family property combines coastal charm, modern enhancements, and unbeatable location. Nestled along a prime street and backing to a serene canyon, this property offers a peaceful retreat just minutes from the best of San Clemente living. Each unit has been tastefully updated with high-quality finishes, offering a turnkey experience for both investors and tenants. The well-maintained and newly upgraded interiors boast stylish kitchens, updated bathrooms, and thoughtful layouts, maximizing comfort and livability. Just blocks from the iconic San Clemente Pier, pristine beaches, and the vibrant shops & restaurants along Avenida Del Mar, this property offers an unmatched blend of natural beauty and urban convenience. Whether you’re looking to expand your portfolio or live in one unit while generating strong rental income from the others, this multi-family gem checks all the boxes. The property consists of two 1 bedroom 1 bath units, 1 studio, and one 2 bedroom 1.5 bath.

Price History

Date
Event
Price
10/02/25
Price Change
$1,999,000-4.8%
09/03/25
Price Change
$2,099,000-2.3%
08/08/25
Price Change
$2,149,000
07/15/25
Listing
$2,225,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds50
4%
Baths50
17%
Square foot2,5732,385
63%
Lot Size8,2763,920
88%
Price$2M$1.73M
71%
Price per square foot$777$751
50%
Built year19619815982
46%
HOA
Days on market113156
25%
Condition Rating
Good
The property, built in 1961, has undergone extensive and tasteful renovations, as evidenced by the modern kitchens with white shaker cabinets, quartz countertops, subway tile backsplashes, and stainless steel appliances. Bathrooms feature clean white tiling and updated fixtures. Flooring consists of well-maintained hardwood and contemporary wood-look laminate/vinyl plank. While the visible updates are recent and high-quality, making the units move-in ready, the presence of wall-mounted gas heaters indicates a lack of central HVAC, and the property's age suggests potential for older underlying infrastructure. These factors prevent it from achieving an 'Excellent' rating, but the significant recent upgrades firmly place it in the 'Good' category.
Pros & Cons

Pros

Prime Coastal Location: Unbeatable location in the heart of San Clemente, just blocks from the iconic Pier, pristine beaches, and vibrant shops & restaurants along Avenida Del Mar, ensuring high tenant demand and desirability.
Multi-Family Investment Opportunity: An exceptional 4-unit quadruplex, offering a rare investment opportunity for portfolio expansion or owner-occupancy with significant rental income generation.
Desirable Views: The property boasts attractive ocean and serene canyon views, enhancing its appeal and potential rental value in a sought-after coastal market.
Turnkey & Upgraded Units: Each unit has been tastefully updated with high-quality finishes, including stylish kitchens and modern bathrooms, providing a turnkey experience for investors and tenants alike.
Strong Income Potential: The combination of a multi-family property type, prime location, and upgraded units positions this asset for robust rental income and long-term appreciation.

Cons

Property Age: Built in 1961, the property's underlying structure is over 60 years old, which may imply potential for older infrastructure issues (e.g., plumbing, electrical) not covered by cosmetic upgrades.
Recent Price Reductions: Multiple price drops from the original listing indicate potential market resistance or an initial overvaluation, suggesting a need for further price adjustment or a longer sales cycle.
Unit Configuration: The unit mix, including a studio and two 1-bedroom units, may attract a specific tenant demographic and could potentially lead to higher turnover or lower per-unit rental income compared to properties with larger units.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State