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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,350,000

Est. payment - /mo

4,356 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision North Beach

MLS Listing ID OC26199859

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1956

Lot Size 4,356 Sqft

Property Sub-Type Triplex

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.

Location

State CA

County Orange

Area Sn - San Clemente North

Interior

Interior Features Beamed Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Attic, Bedroom on Main Level, Main Level Primary

Heating Combination, Central, Fireplace(s), Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type Gas, Living Room

Inclusions All present appliances

Fireplace Yes

Appliance Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Water Purifier, Dryer, Washer

Laundry Inside, See Remarks, Stacked

Exterior

Exterior Feature Rain Gutters

Parking Features Driveway, Off Street

Garage Spaces 2.0

Garage Description 2.0

Fence Wood, Wrought Iron

Pool None

Community Features Storm Drain(s), Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description Beach Access,Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View Neighborhood

Roof Type Bitumen,Rolled/Hot Mop

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Faces Southeast

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 69211228

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

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Listed by Ashley Hyde Compass 949-520-0809, DRE #01996461

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

228 Avenida Pelayo San Clemente, CA 92672

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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