228 Avenida Pelayo, San Clemente, CA, CA 92672
- $2,350,000
- List Price
- $2,350,000
- Status
- ACTIVE
- MLS#
- OC26199859
- County
- Orange
- Year Built
- 1956
- Building Square Feet
- 1,928
- Square Feet
- 4,356
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Stories
- Two Levels
- Neighborhood
- North Beach
Property Description
Set in one of San Clemente’s most up-and-coming neighborhoods, this mid-century North Beach triplex sits half a block from the ocean and close to many of the area’s exciting attractions. Each unit has a distinctly mid-century beach feel with beamed ceilings, appealing geometric lines, laminate wood-look flooring throughout, white cabinetry, and quartz countertops. All units are turnkey with the previous owner’s extensive renovations combined with the current owner’s improvements of all-new electrical panels (2024), new water heater in the 1-bedroom unit (2024), and a reverse osmosis water filtration system in the 2-bedroom unit (2023). Set furthest back from the street, Unit C offers 2 bedrooms and 1 bath, a generously sized open floor plan, fireplace, and completely enclosed private wraparound yard complete with garden boxes. In the center of the building, Unit B offers 1 bedroom and 1 bath, an airy and open living area, and a massive private deck looking out to the neighborhood. At the front of the building, Unit A is a ground-level Studio with small fridge & freezer, induction cooktop, microwave, double-basin sink, and a private bathroom with walk-in shower. Each residence conveniently has a dedicated driveway parking spot, and Unit C currently has exclusive use of the 2-car garage. Both in-unit laundry and dedicated parking are difficult to come by for multifamily investments in this area. This turnkey investment opportunity is currently producing $117,600 in gross annual income and located in close proximity to the beloved surf break 204’s, the new Miramar Food Hall, a 2.5-mile beach trail, neighborhood coffee shops, and bars. Also an easy bike, golf cart, or walk to Downtown’s Avenida Del Mar, and the train stops close by for commuters. A unique multifamily investment with location and architectural flair, truly a rare opportunity in San Clemente.
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Additional Information
- Parcel Number
- 69211228
- Gross Scheduled Income
- $117,600
- Operating Expense
- 31622
- Net Operating Income
- $85,978
- Number of Buildings
- 1
- Lot Features
- 2-5 Units/Acre
- Security Features
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Appliances
- Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Water Purifier, Dryer, Washer
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Fireplace Description
- Gas, Living Room
- Heat
- Combination, Central, Fireplace(s), Wall Furnace
- View
- Neighborhood
- Exterior Construction
- Frame, Stucco
- Roof
- Bitumen, Rolled/Hot Mop
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Storm Drain(s), Street Lights
Listing courtesy of Listing Agent: Ashley Hyde (ashley@hyderealestategroup.com) from Listing Office: Compass.
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