$2,399,000

Estimated payment $14,737/month

7 Beds
4 Baths
2,912 Sq Ft
$824 Price per Sq Ft

Highlights

  • Ocean Side of Highway 1
  • Balcony
  • Bike Trail
  • Property is near park
  • 3 Car Garage
  • Laundry Facilities

About This Home

Rare investment opportunity in the heart of San Clemente, offering an incredible walkable location just moments from the beach, San Clemente Pier, the San Clemente Beach Trail, and the shops and restaurants of Avenida Del Mar! This beautifully remodeled triplex combines a highly desirable coastal setting with three updated residences, individual garage parking and private outdoor spaces. The lower residence features 3 bedrooms, 1.5 bathrooms, a one-car garage, and an expansive private backyard patio. Generous in size and rarely found in a multifamily property this close to the coast, the patio creates an incredible extension of the living space with plenty of room for outdoor dining, entertaining, and relaxing. The two upper residences each offer 2 bedrooms, 1 bathroom, a one-car garage, private balcony, and an ocean view. All three units have been thoughtfully remodeled with a fresh, coastal aesthetic. Light, bright, and inviting interiors feature updated kitchens with newer cabinetry, updated flooring, baseboards, and windows, along with refreshed bathrooms featuring updated tubs, sinks, and toilets. Updated garage doors further enhance the property, while shared laundry provides additional convenience. With three beautifully updated residences in turnkey condition, this property presents a compelling opportunity for investors seeking a well-positioned coastal income property with lasting tenant appeal. The combination of exceptional walkability, proximity to the beach and downtown, private outdoor spaces, and extensive improvements makes 129 Serra a standout offering in the San Clemente multifamily market.

Listing Agent

Bill Conrad

Conrad Realtors Inc Brokerage Phone: 949-285-5797 License #01461548 Listed on: 08/07/2026

Co-Listing Agent

Kiara Jones

Conrad Realtors Inc Brokerage Phone: 949-285-5797 License #02090718

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 3,920 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Driveway

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,912 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony

Location

  • Property is near park

Listing and Financial Details

  • Legal Lot and Block 13 / 4
  • Tax Tract Number 779
  • Assessor Parcel Number 05807312
  • $32 per year additional tax assessments

Community Details

Recreation

  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Other Expense $2,500
  • Trash Expense $900
  • Water Sewer Expense $1,800
  • New Taxes Expense $24,000
  • Operating Expense $33,450
  • Gross Income $133,800
  • Net Operating Income $100,350

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

3,920 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 4.18
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1800.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 05807312
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 823.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Concrete, Garage - Three Door, Garage Faces Front, Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Gross Income: 133800.00
  • Gross Scheduled Income: 133800.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 100350.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 33450.00
  • Operating Expense Percent: 25.00
  • Other Expense: 2500.00
  • Other Expense Description: MISC
  • Rent Control: No
  • Total Expenses: 33450.00
  • Waterfront Features: Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 24000.00
  • Tax Block: 4
  • Tax Lot: 13
  • Tax Tract Number: 779
  • TaxOtherAnnualAssessmentAmount: 32.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $18,312 $1,848,970 $1,743,145 $105,825
2025 $18,007 $1,812,716 $1,708,966 $103,750
2024 $18,007 $1,777,173 $1,675,457 $101,716
2023 $17,626 $1,742,327 $1,642,605 $99,722
2022 $17,291 $1,708,164 $1,610,397 $97,767
2021 $16,957 $1,674,671 $1,578,821 $95,850
2020 $16,789 $1,657,500 $1,562,632 $94,868
2019 $11,337 $1,118,430 $1,024,164 $94,266
2018 $11,120 $1,096,500 $1,004,082 $92,418
2017 $1,089 $104,807 $35,904 $68,903
2016 $1,069 $102,752 $35,200 $67,552
2015 $1,052 $101,209 $34,671 $66,538
2014 $1,031 $99,227 $33,992 $65,235
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2026 08/07/26 For Sale $2,399,000 +47.6% $824 / Sq Ft
03/01/2019 03/01/19 Sold $1,625,000 -1.5% $558 / Sq Ft View Prior Sale
01/14/2019 01/14/19 For Sale $1,650,000 0.0% $567 / Sq Ft
05/30/2018 05/30/18 Rented $2,475 -13.8% --
05/25/2018 05/25/18 Rented $2,870 +16.0% --
05/11/2018 05/11/18 Rented $2,475 -13.8% --
05/07/2018 05/07/18 Price Changed $2,870 +16.0% $2 / Sq Ft
05/07/2018 05/07/18 Price Changed $2,475 0.0% $3 / Sq Ft
05/07/2018 05/07/18 Price Changed $2,475 -16.1% $3 / Sq Ft
04/20/2018 04/20/18 Price Changed $2,950 +12.4% $3 / Sq Ft
04/20/2018 04/20/18 Price Changed $2,625 0.0% $3 / Sq Ft
04/19/2018 04/19/18 For Rent $2,625 -12.5% --
04/01/2018 04/01/18 For Rent $3,000 0.0% --
02/27/2018 02/27/18 Off Market $3,000 -- --
04/30/2017 04/30/17 For Rent $2,750 0.0% --
03/19/2017 03/19/17 Sold $1,070,000 0.0% $369 / Sq Ft View Prior Sale
03/19/2017 03/19/17 Pending -- -- --
03/19/2017 03/19/17 For Sale $1,070,000 0.0% $369 / Sq Ft
03/01/2017 03/01/17 For Rent $3,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $1,625,000 Western Resources Title Co
Grant Deed $1,075,000 First American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $656,350 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26172562

California Regional Multiple Listing Service (CRMLS)

APN: 058-073-12

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