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

home-pic
ACTIVE UNDER CONTRACT$1,999,000
221 Avenida Monterey, San Clemente, California 92672
0Bed
0Bath
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
OC25161056
Home ConditionExcellent
Features
Good View: Canyon, Ocean
Deck
ViewCanyon, 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
10/03/25
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
07/17/25
Listing
$2,225,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds00
Baths00
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 market111156
25%
Condition Rating
Excellent
Despite being built in 1961, the property has undergone extensive and high-quality renovations, as explicitly stated in the description and evidenced by the images. The kitchens feature modern white shaker cabinets, white countertops, subway tile backsplashes, and new stainless steel appliances (gas range, French door refrigerator). Bathrooms are updated with clean white tiling and modern chrome fixtures. Flooring consists of new wood-look laminate and well-maintained hardwood. The overall aesthetic is fresh, contemporary, and turnkey, indicating that all visible components are virtually new and meet current quality standards, with no deferred maintenance in the living spaces.
Pros & Cons

Pros

Prime Coastal Location: Situated in the heart of San Clemente, just blocks from the iconic Pier, pristine beaches, and vibrant Avenida Del Mar, offering unparalleled access to amenities and strong tenant appeal.
Multi-Family Investment Opportunity: An exceptional 4-unit property (two 1-bed, one studio, one 2-bed) providing diversified rental income streams and flexibility for owner-occupancy with supplemental income.
Desirable Views: The property boasts attractive ocean and serene canyon views, enhancing its aesthetic 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, offering a turnkey experience for investors and attractive living spaces for tenants.
Strong Rental Income Potential: The combination of a prime location, desirable views, and upgraded units positions this property for strong and consistent rental income generation.

Cons

Age of Property: Built in 1961, the property's age (over 60 years) may imply potential for underlying infrastructure issues (e.g., plumbing, electrical, foundation) despite recent cosmetic upgrades.
Significant Price Reductions: Multiple price reductions from the original list price of $2.225M to $1.999M could indicate market resistance, overvaluation, or perceived issues by potential buyers.
Unit Mix for Long-Term Tenants: The unit composition, with a majority of smaller units (two 1-bedroom, one studio), might limit appeal to larger families seeking long-term residency, potentially leading to higher tenant turnover.

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