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$2,350,000

  • For Sale
  • Active
  • Triplex
  • 4 Beds
  • 3 Partial Baths
  • 1,928 Sq. Ft.
  • 2 Car Garage
  • Updated 12 hours ago
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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.

Full Property Details for 228 Avenida Pelayo

General

  • Price: $2,350,000
  • Status: Active
  • Type: Triplex
  • Source: MRMLS
  • MLS ID: OC26200345
  • Updated: 10/9/2026
  • Days on Market: 27 days
  • Added to Site: 28 day(s) ago

Interior

  • Rooms/Areas: Entry, Attic, Main Floor Primary Bedroom, Kitchen, Living Room, Main Floor Bedroom
  • Interior Features: Beamed Ceilings, Ceiling Fan(s)
  • Fireplace: Yes
  • Fireplace(s): Gas, Living Room
  • Eating Areas: Breakfast Counter/Bar, Area
  • Appliances: Water Heater, Microwave, Refrigerator, Recirculating Exhaust Fan, Water Purifier, Gas Range, Freezer, Gas Oven, Dishwasher, Electric Cooktop
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 3
  • 3/4 Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: See Remarks, Stackable, Washer Included, Dryer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: Concrete, Patio, Wraparound, Deck

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Off-Street, Driveway

Location

  • County: Orange
  • Subdivision: Other (OTHR)
  • Driving Directions: Heading southwest on Avenida Pelayo, property is located on the right / northwest side of street.
  • Direction Faces: Southwest

School Information

  • School District: Capistrano Unified

Community

  • Community Features: Storm Drains, Sidewalks

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace, Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Mid Century Modern
  • Structure Type: Triplex
  • Construction: Frame, Stucco
  • Foundation: Slab
  • Roof: Bitumen, Rolled/Hot Mop
  • Common Walls: 1 Common Wall
  • Windows: Double-Pane Windows, Skylight(s)
  • Doors: Sliding Doors
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 1,928
  • Sq. Ft. Source: Assessor
  • Year Built: 1956
  • Year Built Source: Assessor
  • Property Condition: Turnkey, Updated/Remodeled

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Lot Size Source: Assessor
  • Lot Description: 2-5 Units/Acre
  • Fencing (Description): Wood, Wrought Iron

Financial Considerations

  • Price Per Sq. Ft.: $1,218.88

Disclosures and Reports

  • Special Conditions: Standard
  • Inclusions: All present appliances, RO system in Unit C

Listed by Compass, Ashley Hyde

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Listing agent

— 228 Avenida Pelayo —

  • Ashley Hyde

    Compass

949-520-0809

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 228 Avenida Pelayo

School District:Capistrano Unified School District
NameGradesDistance
Las Palmas Elementary School
1101 Calle Puente, San Clemente, CA 92672
PK-50.2 mi
Bernice Ayer Middle School
1271 Calle Sarmentoso, San Clemente, CA 92673
6-82.6 mi
San Clemente High School
700 Avenida Pico, San Clemente, CA 92673
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 228 Avenida Pelayo Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/12/2026
Listed
$2,350,000
11.9%
MLS
5/31/2022
Sold
$2,100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 228 Avenida Pelayo

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,060
2%
$2,228,536
2%
2024
$21,693
—
$2,184,840
2%
2024
$21,693
2%
$2,142,000
2%
2023
$21,234
163%
$2,100,000
162%
2022
$8,070
2%
$802,992
2%
2021
$7,913
1%
$787,248
1%
2020
$7,833
2%
$779,176
2%
2019
$7,678
2%
$763,899
2%
2018
$7,530
2%
$748,921
2%
2017
$7,381
2%
$734,237
2%
2016
$7,239
2%
$719,841
2%
2015
$7,129
2%
$709,029
2%
2014
$6,991
106%
$695,141
109%
2013
$3,400
—
$333,244
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 228 Avenida Pelayo

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Compass, Ashley Hyde

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228 Avenida Pelayo, San Clemente, CA 92672 (MLS# OC26200345) is a Triplex property with 4 bedrooms, 0 full bathrooms and 3 partial bathrooms. 228 Avenida Pelayo is currently listed for $2,350,000 and was received on September 12, 2026. Want to learn more about 228 Avenida Pelayo? Do you have questions about finding other Triplex real estate for sale in San Clemente North? You can browse all San Clemente North real estate or contact a Coldwell Banker agent to request more information.

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