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

228 Avenida Pelayo

$2,350,000 228 Avenida Pelayo, San Clemente, CA 92672
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.
  • For Sale
    Status
  • 1956
    Year Built
  • 1,928 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 1,928 Sq.Ft.
  • Total Area: 1,928 Sq.Ft.
  • Lot Size: 4,356 Sq.Ft.
  • MLS® ID: OC26199859
  • Type: Multi-Family
  • Year Built: 1956
  • Architecture Styles: Mid-Century Modern
  • Water Frontage: Beach Access, Ocean Access, Ocean Side Of Freeway, Ocean Side Of Highway
  • View Description: Neighborhood

Interior

  • Laundry Room: Inside, See Remarks, Stacked
  • Flooring: Laminate
  • Fireplace: Gas, Living Room
  • Appliances: Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Water Purifier, Dryer, Washer
  • Other Interior Features: Beamed Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Attic, Bedroom on Main Level, Main Level Primary

Exterior & Building

  • Stories: 2
  • Garage Space: 2.0
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Pool: None
  • Roof: Bitumen, Rolled/Hot Mop
  • Lot Features: 2-5 Units/Acre
  • Parking: Driveway, Off Street
  • Heat Type: Combination, Central, Fireplace(s), Wall Furnace
  • Air Conditioning: None
  • Sewer: Public Sewer
  • Substructure: Slab
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Other Exterior Features: Rain Gutters

Financial

  • Sales Price: $2,350,000

228 Avenida Pelayo

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