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Renovated Mid-Century Triplex
For Sale
$2,350,000

228 Avenida Pelayo, San Clemente, CA 92672

Updated interiors, in-unit laundry, and dedicated driveway parking support the property’s three-residence configuration.

Property Size1,928 SF
Days on Market16

Property Features for 228 Avenida Pelayo

General Information

Standard status Active
Size 1,928 SF
Property subtype Investment

Units

Unit Mix 1 x Studio, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Additional Details

Gross Income $117,600
Public Transit Yes

Amenities

beamed ceilings
geometric lines
laminate wood-look flooring
white cabinetry
quartz countertops
fireplace
private deck
private yard
garden boxes
in-unit laundry
reverse osmosis water filtration system

Building Details

Building Size 1,928 SF
Year Built 1956
Buildings 1
Stories 2
Units 3
Construction mid-century
Listed By: Ashley Hyde
Source: Elliman
Added: Sep 12 Changed: Sep 19 Last Checked: Sep 26 at 10:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ashley Hyde

Investment Insights

Based on property information with market context.

Built in 1956, this mid-century triplex at 228 Avenida Pelayo includes a studio, a one-bedroom unit, and a two-bedroom unit. Interior details include beamed ceilings, geometric architectural lines, laminate wood-look flooring, white cabinetry, and quartz countertops. Recent improvements include new electrical panels installed in 2024, a new water heater in the one-bedroom unit in 2024, and reverse osmosis filtration in the two-bedroom unit in 2023.

The two-bedroom residence features an open layout, fireplace, and enclosed wraparound yard with garden boxes. The one-bedroom unit has an open living area and a large private deck, while the ground-level studio includes a small refrigerator and freezer, induction cooktop, microwave, double-basin sink, and walk-in shower. Each residence has in-unit laundry and a dedicated driveway parking space. The two-bedroom unit also has exclusive use of the 2-car garage.

The property is located half a block from the ocean and near a 2.5-mile beach trail, Miramar Food Hall, neighborhood coffee shops, bars, and Avenida Del Mar. Walk Score is 91 and Bike Score is 40.

Key Highlights

  • 1956‑built triplex with studio, 1‑bedroom, and 2‑bedroom units
  • Half a block from the ocean and near a 2.5‑mile beach trail
  • New electrical panels installed in 2024

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Nursing Home Food Market Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,319
Businesses Nearby

Demographics for 92672, CA

41,067
Population
17,487
Households
2.3
Avg Household Size
37
Median Age
48%
College-Educated
93%
High-School Grad
35.6 sq mi
ZIP Area
1,154
Density / Sq Mi
$109,991
Median Household Income
$54,874
Median Earnings
$2,370
Median Rent
$1,240,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Updated interiors, in-unit laundry, and dedicated driveway parking support the property’s three-residence configuration.
Where is this triplex located?
The property is located at 228 Avenida Pelayo San Clemente, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 1956‑built triplex with studio, 1‑bedroom, and 2‑bedroom units; Half a block from the ocean and near a 2.5‑mile beach trail; New electrical panels installed in 2024
More about this property
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