228 Avenida Pelayo, San Clemente, CA 92672
- $2,350,000
- List Price
- $2,350,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- OC26199859
- Subtype
- Residential Income
- Style
- Mid-Century Modern
- Year Built
- 1956
- Lot Size
- 4,356
- Acres
- 0.10
- Subdivision
- North Beach
- Neighborhood
- North Beach
- MLS Area Major
- San Clemente North (SN)
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.
Additional Information
- Interior Features
- Beamed Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Attic, Bedroom on Main Level, Main Level Primary
- Exterior Features
- Rain Gutters
- Property Description
- Mid-Century Modern
- Flooring
- Laminate
- Appliances
- Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Water Purifier, Dryer, Washer
- Heating
- Combination, Central, Fireplace(s), Wall Furnace
- Exterior Construction
- Frame, Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Bitumen, Rolled/Hot Mop
- Pool Type
- None
- Parking Features
- Driveway, Off Street
- Garage Spaces
- 2
- View
- Neighborhood
Mortgage Calculator
Listing courtesy of Listing Agent: Ashley Hyde (ashley@hyderealestategroup.com) from Listing Office: Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.