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249 Avenida Madrid
About This Property
Built in 1954 and lovingly maintained, this 2-bedroom, 1 1/2-bath residence is a true time capsule of quality and care. Nearly all original, the home remains in remarkably preserved condition, showcasing the craftsmanship and character of its era. Whether you're drawn to its authentic mid-century charm or envision creating your dream coastal retreat, this property provides a unique foundation that is increasingly difficult to find.
Inside, you'll discover a bright and comfortable floorplan featuring spacious living areas, an inviting fireplace, galley kitchen, and two main-floor bedrooms. Large windows welcome natural light and frame peaceful canyon and neighborhood views. The wraparound porch, front porch, and deck create inviting spaces to relax, entertain, and enjoy San Clemente's famous coastal climate year-round.
The true standout is the oversized lot. Spanning over 0.31 acres, the expansive property offers exceptional privacy, room to expand, create outdoor living spaces, add gardens, or simply enjoy the open space and canyon backdrop - a rare luxury in coastal Orange County.
Beyond the property itself lies the magic of San Clemente. Known as the "Spanish Village by the Sea," this picturesque coastal community offers stunning sandy beaches, world-class surf, charming local boutiques, artisan shops, cafes, and a vibrant yet relaxed atmosphere. Residents enjoy an exceptional quality of life in a community renowned for its safety, friendly neighborhoods, and small-town character. Living here feels like being on vacation all year long, with breathtaking sunsets, ocean breezes, and endless opportunities to enjoy the outdoors.
With a premier central San Clemente location, and one of the area's most desirable oversized lots, this is a rare chance to own a piece of San Clemente history while embracing the unmatched coastal lifestyle that makes this town so special.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| May 31, 2026 | Listed by Coast Property Management | $2,275,000 | |
| Listed by Coast Property Management | |||
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About San Clemente
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017