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

home-pic
ACTIVE$3,300,000
251 Avenida Madrid, San Clemente, California 92672
0Bed
0Bath
3,904Sqft
8,276Lot
Year Built
1977
Close
-
List price
$3.3M
Original List price
$3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW25108007
Home ConditionGood
Features
Good View: Canyon, Neighborhood, Ocean, Peek-A-Boo
Deck
ViewCanyon, Neighborhood, Ocean, Peek-A-Boo

About this home

Extremely Rare San Clemente Coastal Triplex – Welcome to an exceptional investment opportunity—a meticulously maintained triplex located in the heart of San Clemente, nestled on the desirable north side of Trafalgar Canyon. This coastal beauty boasts unbeatable curb appeal and is walking distance to everything that makes San Clemente special: T-Street Beach, the San Clemente Pier and walking trail, and Downtown’s vibrant shopping and dining. Property Highlights: Three Fully Appointed Units (2) Lower-level 2 Bed / 1 Bath units, each with two private decks (1) Upper-level 3 Bed / 2 Bath loft-style unit with a sprawling private deck. Interior Features in Every Unit include Full-size washer & dryer behind shuttered doors, Refrigerator, dishwasher, and modern appliances. New paint and new ceiling fans throughout. New flooring in Units 1 & 2. Unit 1: Brand new kitchen & fully remodeled bathroom. Garage & Parking - Each unit has its own 2-car garage with storage cabinets, remotes, keypads & timed lighting. BONUS: One additional 2-car garage – perfect for owners or added tenant use. Exterior Improvements include - New roof. Full exterior painting & conditioning, with all cracks repaired. Professionally designed landscaping surrounding the property. Outdoor lighting and electrical upgraded for both security and ambiance. Construction materials & pavers removed, making way for future outdoor entertainment areas. Two new rear staircases add value and functionality, sparking future expansion or enhancement ideas. This is more than an income property—it’s a rare lifestyle asset. It radiates pride of ownership from top to bottom and offers tremendous upside potential in a location that’s nearly impossible to beat. Whether you’re looking to live in one unit and rent the others, or add a trophy investment to your portfolio, this San Clemente Triplex delivers on every level.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds00
Baths00
Square foot3,9042,385
88%
Lot Size8,2763,920
88%
Price$3.3M$1.73M
88%
Price per square foot$845$756
63%
Built year19779815982
88%
HOA
Days on market174157
54%
Condition Rating
Good

The property was built in 1977, but the description mentions that Unit 1 has a brand new kitchen and a fully remodeled bathroom. New paint and flooring are also mentioned for Units 1 & 2. The exterior has a new roof and fresh paint. While the property isn't fully renovated, the updates bring it to a 'good' condition, move-in ready with no immediate renovation required for at least one unit.
Pros & Cons

Pros

Prime Coastal Location: Located in the highly desirable north side of Trafalgar Canyon in San Clemente, within walking distance to T-Street Beach, the Pier, and downtown shopping and dining.
Strong Income Potential: Triplex configuration with three fully appointed units, each with its own garage, offering multiple income streams.
Recent Upgrades: Features a new roof, full exterior painting, updated landscaping, and interior improvements including new paint, flooring, and remodeled kitchen and bathroom in Unit 1.
Individual Garages: Each unit has its own 2-car garage with storage, remotes, keypads, and timed lighting, providing convenience and added value for tenants.
Additional Garage: Bonus 2-car garage provides flexibility for owner use or additional tenant income.

Cons

Year Built: Built in 1977, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Original List Price Adjustment: The property has experienced a price reduction from its original list price, which may indicate challenges in the current market or perceived overpricing initially.
Limited Unit Specific Details: While Unit 1 is described as having a new kitchen and remodeled bathroom, the condition of the kitchens and bathrooms in Units 2 and 3 is not explicitly stated, potentially requiring further investigation.

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