San Clemente, CA 92672,224 Avenida Cabrillo
San Clemente, CA 92672,224 Avenida Cabrillo
San Clemente, CA 92672,224 Avenida Cabrillo
San Clemente, CA 92672,224 Avenida Cabrillo
San Clemente, CA 92672,224 Avenida Cabrillo
San Clemente, CA 92672,224 Avenida Cabrillo
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$1,850,000

$1,895,000

2.4%
Est.Price: ?

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Est. payment /mo

3,920 Sqft Lot


SOLD DATE : 10/25/2024

Key Details

Sold Price $1,850,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Subdivision ,None

MLS Listing ID OC24104462

Sold Date 10/25/24

HOA Y/N No

Year Built 1951

Lot Size 3,920 Sqft

Property Description

Discover a unique investment opportunity in the heart of charming downtown San Clemente with this immaculate single-level triplex, which perfectly blends coastal charm and modern upgrades. Comprising three 1-bedroom, 1-bathroom beach cottages, this property offers a seamless blend of relaxation and convenience. Each unit boasts inviting front and rear patios, providing private outdoor spaces for tenants or owners to enjoy the refreshing sea breeze.

Over the years, the building has undergone significant improvements. Initially, the concrete and retaining wall on the east side were replaced, and new drains were installed. This was followed by the replacement of concrete on the west side, with new drains and planters added. The kitchen and bathrooms have been upgraded in all units. Additionally, the original cast iron waste lines were removed and replaced with modern ABS waste lines.

The building's electrical system was upgraded with a new panel, and washer and dryer hookups were added to the garages. New vinyl flooring was installed in Apartments B and C. A major rebuild of the front of the building included new garage floors, walls, doors, openers, a deck, an enclosed patio, a roof, and vinyl windows for Apartment A. The attics of all units were insulated, additional attic vents were installed, and both the interior and exterior of Apartment A and the front of the building were repainted. Most recently, Apartment B received new windows, a new roof, and fresh interior and exterior paint, further enhancing the building's overall appeal and functionality. These extensive renovations ensure peace of mind and low maintenance for years to come.

Unit A features an expansive view deck, a perfect spot to unwind while taking in the panoramic vistas and the vibrant life of downtown San Clemente. Just a short stroll away, you’ll find the bustling Avenida Del Mar, brimming with delightful shopping and dining options, and the iconic San Clemente Pier, where the sun meets the surf.

Whether you’re looking to expand your investment portfolio or searching for a perfect vacation home with additional rental income, this triplex offers unparalleled flexibility. Live in one unit and rent out the others, or lease all three for a steady revenue stream in a sought-after location.

Don’t miss out on this rare opportunity to own a piece of California’s beautiful coastline.

Location

State CA

County Orange

Area Sc - San Clemente Central

Interior

Fireplace No

Laundry In Garage

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Golf, Street Lights, Sidewalks, Water Sports

Total Parking Spaces 6

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 05812339

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Dan Yeilding • CENTURY 21 Affiliated • 949-370-3385
Bought with Holly McKhann • First Team Real Estate
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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