$2,350,000

228 Avenida Pelayo, San Clemente, CA 92672

  • 4 beds |
  • 3 baths |
  • 1,928 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $1,219/sqft
  • Property List Date Icon Listed 11 days ago

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.

Listing Status:
Active
Date Added:
September 12, 2026
Data Last Updated:
September 23, 2026 at 12:16AM
Listing Office:
Compass : 949-546-6260
Listing Agent:
Ashley Hyde : 949-546-6260
Contact:
949-520-0809
MLS ID:
OC26200345
  • General: Beamed CeilingsBreakfast BarCeiling Fan(s)AtticBedroom on Main LevelMain Level Primary
  • Appliances: DishwasherElectric CooktopExhaust FanFreezerGas OvenGas RangeMicrowaveRefrigeratorWater HeaterWater PurifierDryerWasher
  • Laundry: See RemarksStacked
  • Flooring: Laminate
  • A/C: None
  • Heating: CentralWall Furnace
  • Fireplace: GasLiving RoomFireplace
  • General: Rain Gutters
  • Style: Mid-Century Modern
  • Other Structures: Wrap AroundDeckConcretePatio
  • Pool: None
  • Parking: DrivewayOff StreetParking spaces: 5
  • Roofing: BitumenRolled/Hot Mop
  • Windows: Double Pane WindowsSkylight(s)
  • General: FrameStucco2Slab
  • Road/Access: City Street
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS_CRM
  • School District: Capistrano Unified
  • County: Orange
  • Zoning: 69211228
  • View: NeighborhoodView
  • Fencing: WoodWrought Iron
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedStandard
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRM

This listing courtesy of Ashley Hyde , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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