251 Avenida Madrid, San Clemente, CA 92672
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251 Avenida Madrid San Clemente, CA 92672

$2,550,000 Sold Price as of 09/02/2023
  • 7 Beds
  • 4 Baths
  • 3,904 Sq.Ft.
Sold
$2,550,000 Sold Price as of 09/02/2023 Refinance Your Mortgage

Map preview of 251 Avenida Madrid, San Clemente, CA 92672

Property Overview: 251 Avenida Madrid San Clemente, CA has 7 bedrooms, 4 bathrooms, 3,904 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Extremely Rare Opportunity to own a true “GEM” of a Triplex in the heart of San Clemente, West of the 5 frwy with fantastic curbside appeal! Pride of Ownership inside and out shows clearly in this one of a kind income property set on the north side of Trafalgar Canyon, ideally located between Southwest San Clemente T-street Beach, San Clemente pier/walking trail and Downtown San Clemente shopping and Restaurants...ALL within walking distance! This “Coastal Beauty” is comprised of two lower two bedroom one bath units with two personal decks each and one incredibly spacious three bedroom two bath loft style unit up top with it's own single expansive deck! All three units include full size washer and dryers behind shuttered doors, refrigerators, dishwashers as well as a spacious two car garages complete with storage cupboards, remotes, keypads and timed lighting. There is a BONUS of an additional two car garage ideal for Owner or extra use of Tenants! Rear of building has been recently improved with two corner staircases allowing for an imagination to run wild with possibilities for even more upgrades of enjoyable entertaining area! An investment property such as this only comes up every couple of decades...if that! YOUR RARE OPPORTUNITY AWAITS!!!

Listed by Michelle Johnson | BRE #01315411 | Conrad Realtors Inc
Last checked: 13 minutes ago | Last updated: September 4th, 2023 | Source CRMLS | DOM: 310

Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1977
Garage
8 Car
Property Type:
Triplex
Status
Sold
MLS#
OC22220123
City
San Clemente
County
Orange
Time on Site
527 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,365
  • Total Rent: $4,365
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,745
  • Total Rent: $2,745
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,965
  • Total Rent: $2,965
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $126,000
  • Net Operating Income: $120,785
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $5,213
  • Electric: $286
  • Trash: $877
  • Insurance: $3,400
  • Water/Sewer: $1,440

Property Details for 251 Avenida Madrid

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Interior Features
  • Balcony, Ceiling Fan(s), Crown Molding
  • Levels: Two
  • Window Features: Blinds, Custom Covering
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Mirror Closet Door(s)
Exterior Features
Exterior Information
  • Roof: Flat, Spanish Tile
  • Awning(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Built-In Storage, Concrete, Garage, Garage Door Opener
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Canyon, Neighborhood, Ocean, Peek-A-Boo
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 05810414
  • Year Built Source: Assessor
  • Architectural Style: Custom Built
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: other
  • Directions: 5 FRWY S. EXIT PALIZADA TURN R - L ON EL CAMINO REAL - R ON VICTORIA - L on Santa Barbara - L on s ola Vista - Lon Madrid on Right
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks
View more facts & features

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Sale History for 251 Avenida Madrid

Last sold for $2,550,000 on September 2nd, 2023
  • September, 2023

  • Sep 2, 2023

    Date

    Sold

    CRMLS: OC22220123

    $2,550,000

    Price

  • Oct 15, 2022

    Date

    Active

    CRMLS: OC22220123

    $2,900,000

    Price

  • July, 2021

  • Jul 11, 2021

    Date

    Leased

    CRMLS: OC21116450

    $3,975

    Price

  • Jul 11, 2021

    Date

    Active

    CRMLS: OC21116450

    $3,975

    Price

  • Jul 6, 2021

    Date

    Hold

    CRMLS: OC21116450

    $3,975

    Price

  • May 31, 2021

    Date

    Active

    CRMLS: OC21116450

    $3,975

    Price

  • Listing provided courtesy of CRMLS

    RIME LOCATION & PRIDE OF OWNERSHIP! Absolutely spacious and lovely! This highly upgraded 3 bedroom 2 bath unit is certainly deluxe and is the entire upper level! From location to size to upgraded amenities! Unit has been freshly painted, has 3 inch baseboards, recessed lighting, mirrored closet doors, large living room, separate dining area, upgraded kitchen and bath, granite counters in kitchen, beautiful cabinets, built-in microwave, full size washer and dryer hookups within the unit, custom blinds. Generously sized Living room, dining room and kitchen. All bedrooms are good sized. Enjoy a private balcony/deck overlooking the Trafalgar canyon. Includes 2 car garage. Located within walking distance of the T-Street beach, pier and downtown San Clemente restaurants and shopping! LOVE WHERE YOU LIVE!

  • July, 2018

  • Jul 21, 2018

    Date

    Leased

    CRMLS: OC18173041

    $2,500

    Price

  • Jul 18, 2018

    Date

    Active

    CRMLS: OC18173041

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Beautifully upgraded Spacious & Clean!!!! 2 Bedroom 1 bath unit with private deck overlooking Trafalgar Canyon west! Location! Location!! Walk to beach and downtown San Clemente. Pride of ownership. Travertine shower/tub in bath. Lighting/fixture/countertop upgrades. Full size washer and dryer within unit...ALWAYS A PLUS!!! recessed lighting, Newer carpet and paint, crown molding, 3" inch baseboards, beautiful new wooden blinds, warm neutral color scheme. Upgraded kitchen w/ beautiful new cabinetry, granite countertops, dishwasher, refrigerator, microwave & gas stove. Travertine in kitchen and dining area. Assigned subterranean parking spaces with large storage cupboard spaces. Dining area adjacent to balcony. This is an absolute MUST SEE!!!

  • April, 2018

  • Apr 16, 2018

    Date

    Leased

    CRMLS: OC18038987

    $2,500

    Price

  • Apr 16, 2018

    Date

    Price Change

    CRMLS: OC18038987

    $2,500

    Price

  • Apr 15, 2018

    Date

    Active

    CRMLS: OC18038987

    $2,600

    Price

  • Apr 10, 2018

    Date

    Hold

    CRMLS: OC18038987

    $2,600

    Price

  • Feb 19, 2018

    Date

    Active

    CRMLS: OC18038987

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Awesome two bedroom one bath unit in Central San Clemente walking distance to beach pier and downtown! Pride of ownership and attention to detail.Enjoy spacious rooms, upgraded bathroom with beautiful tile in shower, full size washer/dryer & refrigerator in unit, lighted ceiling fans, lovely private balcony to enjoy the peaceful view of the coastal Trafalgar canyon. Two designated carport spaces with nice amount of storage cabinet space. MUST SEE!!

  • June, 1997

  • Jun 11, 1997

    Date

    Sold (Public Records)

    Public Records

    $315,000

    Price

Show More

Tax History for 251 Avenida Madrid

Assessed Value (2020): $459,208
Year Land Value Improved Value Assessed Value
2020 $225,012 $234,196 $459,208

Home Value Compared to the Market

This property vs the competition

251 Avenida Madrid sold on September 2, 2023 for 60.88% higher than the current median sold price for the city of San Clemente which is $1,585,000. The median sold price per/sqft for San Clemente is $713 and this home is sold at $653.18 per/sqft which puts the price per square foot 8.39% lower than the current median sale per square foot for the city of San Clemente.

About 251 Avenida Madrid

Detailed summary of property

251 Avenida Madrid is a triplex that recently sold in San Clemente, CA 92672. This triplex offered 7 bedrooms, 4 bathrooms, roughly 3,904 living square feet, and sits on an approximately 8,276 square foot lot. 251 Avenida Madrid was first listed on ArdentRealEstateGroup.com on October 18, 2022. The homeowner sold the property for $2,550,000. Home in San Clemente are selling for a median price of $1,585,000 and a median price per square foot of $713. Based on Ardent Real Estate Group's San Clemente Market Data, this home is sold 60.88% higher than the current median priced home. Local homes that are currently for sale include 502 36th St, 210 41st St and 208 41st St. While the average home in San Clemente, CA is selling in 55 days, 251 Avenida Madrid has a days on market of 310 days. There are currently 156 homes for sale in the San Clemente real estate market and 128 of them are single family homes while 24 of them are condos and 4 are townhomes. For more information on this home for sale at 251 Avenida Madrid San Clemente, CA 92672 contact Ardent Real Estate Group and we will put you in touch with one of our San Clemente agents.

Public Facts for 251 Avenida Madrid

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
3,904
Lot Size
9,052
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
32
APN
058-104-14

The source for these homes facts are from public records.

92672 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,900
Median List Price/Sq.Ft.
$1,025
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$801
Total Inventory
93
Median Sale to List Price %
100%
Avg Days on Market
53
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (45%), Other (35%)

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Related Resources to 251 Avenida Madrid

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.