$2,980,000
-$20,000243 Avenida Madrid, San Clemente CA 92672
Multi-Family (5 Units)
Property type
44 days
On market
$993
Price per sqft
0 cars
Garage
1927
Year built
11,025 sqft
Lot size
Home highlights
Open Houses
Overview
Presenting a rare and storied slice of San Clemente’s heritage—The Warner Apartments. Originally erected in 1927, this iconic multi-unit property was purchase and developed by Judge Warner. Notably, Judge Warner was the brother of the legendary youth football pioneer Pop Warner, adding a unique touch to the property’s legacy. This large quarter acre lot is Perched above...
Listing provided by: Will Wilson DRE #00576624 949-498-9755, William R. Wilson, Realty
Listing updated: May 18, 2026 at 03:07pm.
Last checked: Jun 3, 2026 at 11:31pm
Source: CRMLS #OC26087155
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,700 | $2,500 | $2,800 | Unfurnished |
| 1 | 1 | 1 | — | $2,700 | $2,500 | $2,800 | Unfurnished |
| 1 | 1 | 1 | — | $2,600 | $2,500 | $2,800 | Unfurnished |
| 1 | 1 | 2 | — | $2,700 | $2,700 | $2,700 | Unfurnished |
| 1 | 1 | 0 | — | $2,900 | $2,900 | $2,900 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Carpet: 5
Disposal: 5
Ranges: 5
Refrigerator: 5
Rent Control: No
Units Leased: 4
Total Actual Rent: $13,600
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
18.3x
List Price / Annual Gross Rent
Cap Rate
5.04%
NOI / List Price
Gross Scheduled Income: $163,200
Vacancy Allowance: $0
Vacancy Allowance Rate: 0%
Operating Expense: $13,131
Net Operating Income: $150,069
Annual Operating Expenses
Gardener: $1,800
Insurance: $1,961
Licenses: $60
New Taxes: $6,823
Pest Control: $120
Trash: $639
Water / Sewer: $1,728
Interior
Interior Features: Block Walls, Ceiling Fans, Ceramic Counters, Cathedral Ceilings, High Ceilings, Living Room Deck Attached, Tile Counters, Main Floor Bedroom
Room Type: Bedroom
Flooring: Carpet, Laminate, Tile, Vinyl, Wood
Cooling: None
Heating: Electric
Appliances: Built In Range, Electric Range, Disposal, Gas Oven, Gas Range, Refrigerator, Range Hood, Water Heater
Fireplace: Living Room
Laundry: Common Area
Entry Location: Other
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One, Two
Roof: Tile
Foundation: Slab
Window Features: Wood Frames
Construction Materials: Stucco
Property Condition: Repairs Cosmetic
Exterior: Barbecue
Common Walls: Two Common Walls Or More, End Unit
Security Features: Carbon Monoxide Detectors, Fire Detection System, Smoke Detectors
Lot Features: Bluff, Back Yard, Front Yard, Garden, Greenbelt, Landscaped
Pool: None
Spa: None
Fencing: Block, Wood
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Connected, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
View: Canyon, Ocean, Peek Aboo, Trees Woods
Road Frontage Type: City Street
Road Surface Type: Paved
Waterfront Features: Ocean Side Of Freeway
Garage and Parking
Parking: Paved, Private
Garage Spaces: 0
Uncovered Spaces: 8
Carport Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 05810410
Additional Parcels: No
Tax Lot: 28
Tax Block: 1
Subdivision: other
Community
Senior Community: No
Community Features: Curbs, Ravine
Nearby Schools
Nearby schools around the 243 Avenida Madrid, San Clemente, CA 92672. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,384,000
Total Interest
$3,040,661
Total Payment
$5,424,661
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$18,323
per month
Property History for 243 Avenida Madrid
San Clemente Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92672.
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