228 Avenida Pelayo , San Clemente, CA 92672
$2,350,000
Est. Payment: $12,897.68/mo
4 Bed
3 Bath
1928 Sqft
0.1 Acres
Status: Active | Days on site: 19
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OC13532 - OCBELLASH
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House 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.

Highlights

Listed by Ashley Hyde , 949-520-0809 Compass , 949-546-6260. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.1

Year Built

1956

County

Orange

Area

SN - San Clemente North

Neighborhood

North Beach

Listing ID

OC26199859

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
Appliances:Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Water Purifier, Dryer, Washer
Floor:Laminate
Other:
  • ▪ Additional:Beamed Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Attic, Bedroom on Main Level, Main Level Primary
Water:Public

Exterior Features

Lot:2-5 Units/Acre,No Land Lease
Garage Capacity:5
Roof:Bitumen,Rolled/Hot Mop
Others:
  • ▪ Additional:Rain Gutters, Updated/Remodeled, Turnkey, Frame, Stucco, 2+ Total Units
Sewer:Public Sewer
Parking Features:Driveway,Off Street
Principal Interest
$12,898
Taxes
$1,498

Home Price

$2,350,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$470,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,897.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,897.68 $1,498.13 $0.00 $14,395.80
Yearly $154,772.14 $17,977.50 $0.00 $172,749.64
Total $4,643,164.08 $539,325.00 $0.00 $5,182,489.08

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

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Market insight data is pulled from the same city as the listing being viewed (San Clemente, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-03T15:14:42.000Z

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