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228 Avenida Pelayo, 
San Clemente, CA 92672

$2,350,000


4

Beds


3

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Ashley Hyde

Compass

Last updated:

September 21, 2026, 02:40 PM

MLS#

OC26199859

Source:

San Diego MLS via CRMLS

About This Home

228 Avenida Pelayo

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-

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Price Summary

2,350,000

MLS #:

OC26199859

Last Updated:

September 21, 2026, 02:40 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3


Finances & Disclosures

Finances

Price:

$2,350,000

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Contact an Agent

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