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228 Avenida Pelayo

San Clemente, CA 92672
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Bed 4

Bed

Bath 3

Bath

SqFt4,356

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,350,000

AD Id : 91180289

MLS Id : OC26199859

Beds : 4

Lot Size : 4,356 Sqft

Year Built : 1956

Garage : 2

County : Orange

Subdivision: Sebastian Highlands

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Feature Features

  • Interior Features

    BeamedCeilings, LivingRoomDeckAttached, OpenFloorplan, RecessedLighting, Attic, BedroomOnMainLevel, MainLevelPrimary
    Roof: Bitumen, RolledHotMop
    Appliances: Dishwasher, ExhaustFan, GasOven, GasRange, Microwave, Refrigerator, WaterHeater, WaterPurifier, Dryer, Washer
    Laundry Features: Inside, SeeRemarks, Stacked
    Window Features: DoublePaneWindows
  • Heating & Cooling

    Has Heating: Yes Heating: Combination, Central, Fireplaces, WallFurnace Cooling: None

  • Building Information

    Year Built: 1956
    Building Area Total: 1928
    Construction Materials: Frame, Stucco
    Stories: 2
    Pool Features: None
    Private Pool: No
    Water front Features: BeachAccess,OceanAccess,OceanSideOfFreeway,OceanSideOfHighway
    View: Neighborhood
  • Exterior Features

    Exterior Features: RainGutters

  • Lot Information

    Main Square Feet: 4356 Lot Size Acres: 0.1 Lot Size Source: Assessor Lot Size Square Feet: 4,356 Lot Description: TwoToFiveUnitsAcre

    Property Information

    Subdivision: North Beach Source Property Type: ResidentialIncome Property SubType: Triplex Direction Faces: Southeast Levels: Two Property Age: 70

  • Listing Price Information

    Listing Price: $2350000
    Cash, Conventional, Exchange1031, Submit

  • Tax Information

    Parcel Number: 69211228 Tax Lot: 14 Tax Block: 5

  • Parking Information

    Parking Total: 5 Driveway, OffStreet

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Utility Information

    ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: Heading southwest on Avenida Pelayo, property is located on the right / northwest side of street. WaterSource: Public Security Features: CarbonMonoxideDetectors,SmokeDetectors
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
102 E Avenida San Gabriel, San Clemente, CA, 92672 $2,590,000 8 8 -- 4,792 Sqft
3215 S El Camino Real, San Clemente, CA, 92672 $2,195,000 4 4 2,575 4,000 Sqft
3215 S El Camino Real, San Clemente, CA, 92672 $2,195,000 4 4 -- 4,000 Sqft
2707 S El Camino Real, San Clemente, CA, 92672 $1,250,000 2 2 1,115 2,178 Sqft
129 Avenida Serra, San Clemente, CA, 92672 $2,399,000 7 4 -- 3,920 Sqft
139 Avenida Sierra, San Clemente, CA, 92672 $4,950,000 7 5 -- 18,124 Sqft
261 Avenida Granada, San Clemente, CA, 92672 $2,299,000 4 3 -- 6,098 Sqft
803 Calle Puente, San Clemente, CA, 92672 $2,299,000 6 5 -- 3,920 Sqft
817 Calle Puente, San Clemente, CA, 92672 $2,375,000 5 3 -- 4,792 Sqft
241 W El Portal #A, San Clemente, CA, 92672 $1,498,000 3 2 1,515 4,002 Sqft

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ByOwner last updated this listing 09/13/2026 @ 06:07

MLS: OC26199859 LISTED BY: Ashley Hyde, Compass 949-546-6260 SOURCE: CRMLS

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