NOT LISTED FOR SALE

24651 Cordova Dr Dana Point, CA 92629

4 Beds
4 Baths
3,320 Sq Ft
3,920 Sq Ft Lot

Last Sold September 09, 2015

Last sale price $839,000 $253 Per Sq Ft

70 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • Back Yard
  • Marco Forster Middle School Rated A-
  • 3 Car Garage
  • 1-minute walk to Lantern Village Community Park

About This Home

As of September 2015

Great investment opportunity based on location and the very large square footage of each unit. Two large bedrooms plus a den (could easily be converted to a 3rd bedroom) and two full baths including a bath attached to the master. Nice sized dining area and an extremely large living room with a fireplace. Both units have an excellent tree top view and the top unit has a very small peak-a-boo view of blue water. The top and bottom units are mirror images of each other. Inside laundry area off the hallway.
The long term owner has maintained the property very well including all new plumbing through out the building in May of this year, new roof & deck railings plus rain gutters in 2011, resurfaced decks in 2013, new stairs in 2014, new shower in unit A in 2014, new garage doors and repaired stucco cracks in 2015 and a new wood floor in unit A's 2nd bedroom. The owner does not believe in deferred maintenance. 3 car garage and 3 additional parking spaces on the driveway. Based on square footage and the possible conversion of the den into a 3rd bedroom, the current rents are very low. The last rent increase was January 2015. Operating expenses include the new estimated property tax at a sell price of $925,000. Asking price is based on a recent appraisal.

Last Agent to Sell the Property

Darece Quinlan

Quinlan Coastal Properties License #00812068 Listed on: 06/12/2015

Last Buyer's Agent

Kazimir Bilinski

Coldwell Banker Realty License #01917279

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 3,920 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 3,320 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 86
  • Assessor Parcel Number 68211325

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $2,088
  • Trash Expense $348
  • Water Sewer Expense $1,017
  • New Taxes Expense $11,335
  • Gross Income $45,300
  • Net Operating Income $30,032

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: cell
  • Other Phone Number: 949 500-5529
  • Property Attached: Yes
  • Subdivision Name Other: Lantern Village Central (LDC)
  • Water Sewer Expenses: 1017.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 68211325
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 252.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet, Inside
  • Trash Expense: 348.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 3920.00
  • Price Per Lot Square Foot: 214.03
  • Lot Size Acres: 0.0900

Multi Family

  • Gross Income: 45300.00
  • Gross Scheduled Income: 45300.00
  • Insurance Expense: 2088.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 30032.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15268.00
  • Operating Expense Percent: 33.70
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11335.00
  • Tax Lot: 2
  • Tax Tract Number: 86

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 Change Sq Ft Price
09/09/2015 09/09/15 Sold $839,000 -10.6% $253 / Sq Ft
08/21/2015 08/21/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $939,000 -- $283 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15127044

California Regional Multiple Listing Service (CRMLS)

APN: 682-113-25