228 Avenida Pelayo, San Clemente, CA 92672
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
228 Avenida Pelayo,San Clemente, CA 92672
$2,300,000
- 4 Beds
- 3 Baths
- 1,928 sq. ft.
- Multi-family
- Active
Listed by: ashley hyde
Office: compass949-546-6260
MLS#:OC26200345
Source:CRMLS
Price summary
- Price:$2,300,000
- Price per sq. ft.:$1,192.95
About this home
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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Home facts
- Year built:1956
- Subdivision & Development:North Beach
- Listing ID #:OC26200345
- Added:56 day(s) ago
- Updated:November 06, 2026 at 02:22 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Flooring:Laminate
- Kitchen Description:Dishwasher, Electric Cooktop, Exhaust Fan, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer, Water Purifier
- Living area:1,928 sq. ft.
Heating and cooling
- Heating:Central Furnace, Wall Furnace
Structure and exterior
- Roof:Bitumen, Rolled Hot Mop
- Year built:1956
- Building area:1,928 sq. ft.
- Lot area:0.1 Acres
- Architectural Style:Mid Century Modern
- Construction Materials:Frame, Stucco
- Exterior Features:Concrete Patio, Deck, Patio, Wrap Around
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,300,000
- Price per sq. ft.:$1,192.95
Features and amenities
- Appliances:Dishwasher, Dryer, Electric Cooktop, Exhaust Fan, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer, Water Heater, Water Purifier
- Laundry features:Dryer, Stacked, Washer
- Amenities:Attic, Beamed Ceilings, Carbon Monoxide Detectors, Ceiling Fans, Double Pane Windows, Rain Gutters, Skylights, Smoke Detectors
Parking
- Total parking spaces:5
- Parking description:Driveway, Off Street
- Garage:Yes
- Garage spaces:2
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