228 Avenida Pelayo, San Clemente, CA 92672
228 Avenida Pelayo, San Clemente, CA 92672
228 Avenida Pelayo, San Clemente, CA 92672
228 Avenida Pelayo, San Clemente, CA 92672
228 Avenida Pelayo, San Clemente, CA 92672
228 Avenida Pelayo, San Clemente, CA 92672
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Eric Meeler

Eric Meeler

+1(619) 349-4945
$ 2,350,000
Est. payment | /mo

4 Beds

3 Baths

4,356 Sqft Lot

Save
$ 2,350,000
Est. payment | /mo
Save

4 Beds

3 Baths

4,356 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26199859

Bedrooms 4

Lot Size 4,356 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Set in one of San Clementes most up-and-coming neighborhoods, this mid-century North Beach triplex sits half a block from the ocean and close to many of the areas 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 owners extensive renovations combined with the current owners 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 204s, the new Miramar Food Hall, a 2.5-

Location

State CA

County Orange

Zoning Assessor

Direction Heading southwest on Avenida Pelayo, property is located on the right / northwest side of street.

Interior

Heating Combination Heating, Fireplace

Fireplace No

Exterior

View Y/N No

Roof Type Rolled/Hot Mop

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 69211228

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by Ashley Hyde, DRE#01996461 Compass 
NEARBY SCHOOL & BUSINESS
Eric Meeler

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

+1(619) 349-4945

eric@keyrealtyca.com

401 W A St, San Diego, CA 92101, USA

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228 Avenida Pelayo