Superbly located in the heart of San Clemente, a highly desirable location offering the best of coastal living within walking distance of the beaches AND dining and shopping along N El Camino Real, this beautiful multi-unit investment property combines an iconic "beach bungalow" charm with recent improvements and fine features. Two units are filled with long term tenants, and a third studio unit is currently vacant. Updates include new vibrant entry doors with new hardware and keyless entry, refreshed exterior features, refreshed interior paint, sleek luxury vinyl plank flooring throughout, recently updated lighting, updated ceiling fans, and wall furnace heaters in all the units. Units A and B have soaring open-beam cathedral ceilings, cozy fireplaces with extra-long raised hearths, and open concept floor plans. Unit A is a 1 bedroom, 1 bath unit with a warm and inviting knotty pine wall and ceiling, and the delightful kitchen with classic cabinetry has been renewed with beautiful Quartz countertops with full backsplash surround, updated stainless-steel sink and faucet, an abundance of cabinet and countertop space, Refrigerator included, plus a prized breakfast bar, all open to the dining area. The spacious bedroom in Unit A has built-in storage and a large closet plus a full en-suite bathroom with updated faucet, updated fixtures, updated lighting, framed vanity mirrors, and charming vintage tile. Unit B is a 2 bedroom, 1 bath unit with a spacious open living area, a delightful kitchen with rich warm cabinetry, colorful tile countertops, a fully tiled backsplash surround, updated stainless steel appliances, Refrigerator included, and is open to the dining area. Two spacious bedrooms with an abundance of closet space, upgraded ceiling fans, and a full bath complete Unit B. Units A & B share a fully enclosed private courtyard and both units include a 1 car garage. Unit C is a cozy studio, a perfect AirBNB rental unit, with a charming full bathroom with vibrant vintage tile, just add a kitchenette and it's ready to go. There are 3 un-covered parking spaces at the front of the property, a community Laundry Room onsite, and white vinyl fencing and gates around the building. 1 Water meter for the property, two separate gas and electric meters for Units A & B, unit C's gas and electric runs off Unit A meter. Landlord pays water, sewer, and trash. Within walking distance of Bonito Canyon Park and just minutes from the Pier, you can't beat this location!