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Listed by Compass, Ashley Hyde, Listing Contact: 949-520-0809 
4 Beds
3 Baths
1,928 sqft

$2,350,000

228 Avenida Pelayo, San Clemente CA, 92672

Price per sqft$1,218.88
Built in1956
Property size1,928 sqft
Property typeResidential

Overview

Active

Listed Sep 12, 2026

Updated 8 days ago

Set in one󠃍󠂏󠃢󠂁󠂤󠃢󠂁󠂣󠃢󠂁󠂢󠃢󠂁󠂡󠃢󠂁󠂢 of San Clementes most up-and-coming neighborhoods, this mid-century North Beach triplex sits half a block from the ocean and close to many of the areas 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 owners extensive renovations combined with the current owners 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 204s, the new Miramar Food Hall, a 2.5-

$15,635/mo

Est. mortgage payment based on a $2,350,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
OC26200345

Interior Features

Bedrooms
4
Bathrooms
3
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Garage
Yes
View
Yes

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Data last updated 3:21 AM UTC, 10/1/2026

   

 

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