NOT LISTED FOR SALE

24311 Santa Clara Ave Dana Point, CA 92629

Lantern Village Neighborhood
5 Beds
3 Baths
15,120 Sq Ft
0.39 Acres

Last Sold November 22, 2013

Last sale price $5,800,000 $384 Per Sq Ft

28 Days on Market

Highlights

  • Marina
  • Private Pool
  • Forced Air Heating System
  • Marco Forster Middle School Rated A-
  • 0.39 Acre Lot

About This Home

As of November 2013

This 18 unit apartment complex is located on a 16,880 square foot parcel of land and consists of 11 Two Bedroom/One and a Half Bathroom units, Three Two Bedroom/One Bathroom and Four One Bedroom/One Bathroom units. Many of the units possess wood flooring, granite countertops, and garages. All tenants have access to the sparkling pool for their enjoyment. The subject property provides the astute investor with an incredibly valuable and highly desired real property and significant cash flow. The investor can expect a net operating income of 178,710 dollars and the ability to raise rents and remain market competitive.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 09/09/2013

Last Buyer's Agent

William Sokol

William Sokol, Broker License #01870742

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.39 Acre Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 12 Car Garage

Home Design

  • 15,120 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Conventional Septic
  • Shared Septic

Additional Features

  • Private Pool
  • Suburban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 573
  • Assessor Parcel Number 68223309

Community Details

Overview

  • 18 Units

Recreation

  • Marina

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,920
  • Insurance Expense $3,500
  • Maintenance Expense $9,000
  • Trash Expense $3,612
  • Water Sewer Expense $3,060
  • New Taxes Expense $67,754
  • Gross Income $24,695
  • Net Operating Income $191,212

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

12

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3060.00
  • Property Type: Residential Income
  • Parcel Number: 68223309
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 383.60

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 18.00

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Shared Septic, Conventional Septic
  • Trash Expense: 3612.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 16988.00
  • Lot Size Acres: 0.3900

Multi Family

  • Electric Expense: 1920.00
  • Gross Income: 24695.00
  • Gross Scheduled Income: 296340.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 16988.0000 Square Feet
  • Maintenance Expense: 9000.00
  • Net Operating Income: 191212.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 99838.00
  • Rent Control: No
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 67754.00
  • Tax Lot: 6
  • Tax Tract Number: 573
  • Tax Year: 2012

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2013 11/22/13 Sold $5,800,000 -3.9% $384 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
09/09/2013 09/09/13 For Sale $6,035,000 -- $399 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2013

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    148 Total Sales

    Tyler Leeson
    Section Image

  • W

    Buyer's Agent in 2013

    William Sokol

    William Sokol, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13183381

California Regional Multiple Listing Service (CRMLS)
California Orange County Dana Point 92629 Lantern Village

24311 Santa Clara Ave, Dana Point, CA

This home is located at 24311 Santa Clara Ave, Dana Point, CA 92629 since 09 September 2013. This property was built in 1963. 24311 Santa Clara Ave is a home located in Orange County with nearby schools including Richard Henry Dana Elementary School, Marco Forster Middle School, and Dana Hills High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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