243 Avenida Madrid, San Clemente, California 92672, San Clemente, - bed, bath

home-pic
ACTIVE$3,600,000
243 Avenida Madrid, San Clemente, California 92672
0Bed
0Bath
3,000Sqft
10,890Lot
Year Built
1927
Close
-
List price
$3.6M
Original List price
$3.75M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25182601
Home ConditionFair
Features
Good View: Canyon, Ocean, Peek-A-Boo, Trees/Woods
Patio
ViewCanyon, Ocean, Peek-A-Boo, Trees/Woods

About this home

About the Property Presenting a rare and storied slice of San Clemente’s heritage—The Warner Apartments. Originally erected in 1927, this iconic multi-unit property was commissioned by Judge Warner after acquiring the land from Ole Hanson in 1926 for $5,000—and securing $10,000 in financing the very next day. Notably, Judge Warner was the brother of the legendary youth football pioneer Pop Warner, adding a unique touch to the property’s legacy Perched above the serene T-Street Coastal Canyon, this Mediterranean-style complex exudes timeless prestige. Spanning approximately 10,790 sq ft on a striking 0.25-acre lot, it comprises 5 distinct units, each offering privacy and charm Interior & Architectural Highlights Rich hardwood and tile flooring, featuring custom, hand-painted tile details that whisper elegance. Dramatic tongue-and-groove vaulted cathedral ceilings, adding volume and architectural interest. Multiple wood-burning fireplaces, perfectly suited for creating cozy and inviting living spaces. Outdoor & Lot Features Multiple private patios and balconies with sweeping vistas overlooking the verdant canyon—ideal for enjoying morning coffee or tranquil evenings. A generous driveway and off-street parking accommodating up to 10 vehicles, rare for coastal San Clemente. Investment Potential & Layout Built as a multi-family residential property with five individual studios, delivering solid rental income and flexibility. Exceptional long-term value with potential for modernization, rental optimization, or creative redevelopment. Location & Lifestyle Nestled in the heart of San Clemente’s “Spanish Village by the Sea,” celebrated for its lovely Spanish Colonial architecture and coastal charm. Within a short stroll to downtown boutiques, gourmet dining, the pier, and T-Street beach—a coveted location for renters and lifestyle seekers alike. Exceptional walkability and access to nearby amenities, with local shopping plazas just minutes away and beaches within daily reach. Summary: A heritage-rich, architecturally distinctive multi-family property perched on the canyon edge—offering unparalleled investment opportunity and coastal living in one of Southern California’s most desirable enclaves.

Price History

Date
Event
Price
10/11/25
Price Change
$3,600,000-4.0%
08/13/25
Listing
$3,750,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds00
Baths00
Square foot3,0002,385
75%
Lot Size10,8903,920
96%
Price$3.6M$1.73M
88%
Price per square foot$1,200$756
88%
Built year19279815982
4%
HOA
Days on market84156
13%
Condition Rating
Fair

The property was built in 1927, making it a very old structure. While the description mentions it's 'maintained through regular upkeep,' it also explicitly states 'potential for modernization,' indicating that it is not currently updated to contemporary standards. The kitchen, as depicted in the images, features dated blue tile countertops and backsplash, white appliances, and a general aesthetic that suggests renovations from 15-30 years ago, or potentially older. No images of bathrooms are provided, but it's reasonable to infer they would be similarly dated. The property is functional but shows clear signs of being outdated and would require minor to moderate updates to meet current buyer expectations, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Historic Significance & Unique Legacy: Originally built in 1927 and commissioned by Judge Warner, brother of legendary Pop Warner, this property boasts a rich history and unique legacy, adding significant character and appeal.
Exceptional Coastal Location & Walkability: Nestled in San Clemente's 'Spanish Village by the Sea,' it offers unparalleled walkability to downtown boutiques, gourmet dining, the pier, and T-Street beach, making it highly desirable for renters and lifestyle seekers.
Strong Multi-Unit Income Potential: Comprising five distinct studio units, the property provides immediate solid rental income and offers exceptional long-term value with potential for rental optimization and redevelopment.
Distinctive Mediterranean Architecture: The Mediterranean-style complex features timeless architectural elements including rich hardwood and custom hand-painted tile flooring, dramatic vaulted cathedral ceilings, and multiple wood-burning fireplaces.
Ample Parking & Outdoor Living: A generous driveway and off-street parking for up to 10 vehicles is a rare asset in coastal San Clemente, complemented by multiple private patios and balconies with sweeping canyon views.

Cons

Age and Potential for Outdated Systems: Built in 1927, the property's age suggests that core systems (plumbing, electrical, HVAC) may be outdated and could require significant investment for upgrades and modernization to meet current standards.
Studio-Only Units: The property consists exclusively of five studio units, which may limit the target rental market and potential rental income compared to properties offering larger, multi-bedroom configurations.
Required Modernization Investment: The description explicitly notes 'potential for modernization, rental optimization, or creative redevelopment,' indicating that substantial capital expenditure will likely be necessary to maximize its value and appeal.

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