NOT LISTED FOR SALE

33342 Cheltam Way Dana Point, CA 92629

Dana Hills Neighborhood
9 Beds
7 Baths
4,542 Sq Ft
0.32 Acres

Last Sold September 23, 2019

Last sale price $1,860,000 $410 Per Sq Ft

89 Days on Market

Highlights

  • 0.32 Acre Lot
  • Cape Cod Architecture
  • Granite Countertops
  • Del Obispo Elementary School Rated A-
  • View of Hills
  • No HOA

About This Home

As of September 2019

Outstanding Dana Point Four-Plex! This prime investment property is located near Dana Point High School and a short mile from the Harbor, in a high demand residential area. Desirable unit mix with spacious floor plans provides for a steady income stream and low tenant turn-over. Large private backyards and beautiful hill views from each unit, some with a private balcony. All units come with a private garage and a parking space. Washer/dryer hook-ups. Renovations include new exterior paint, double pane windows, roof tune-up, garage doors, yard fencing, landscaping, sprinkler timers, mailboxes, termite fumigation, full rehab in Unit B, newer kitchen in Unit C & D. Stable day one cash flows with strong upside potential. No rent control.

Last Agent to Sell the Property

Franck Bideau

Innovative Financial Resources License #01474693 Listed on: 05/15/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Sprinkler System
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway
  • Parking Lot

Property Views

  • Hills
  • Park or Greenbelt
  • Neighborhood

Home Design

  • Cape Cod Architecture
  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,542 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Dishwasher
  • Granite Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Outdoor Features

  • Living Room Balcony

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 9632
  • Assessor Parcel Number 67308109

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Maintenance Expense $3,500
  • Trash Expense $1,020
  • Water Sewer Expense $1,200
  • New Taxes Expense $20,750
  • Operating Expense $28,270
  • Gross Income $121,200
  • Net Operating Income $92,930

Property Details

Home Type

Multi-Family

Year Built

Built in 1977 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Improvements Amount: 100000
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Cape Cod
  • Property Condition: Termite Clearance, Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 67308109
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Built-in Features, Formica Counters, Granite Counters, Living Room Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 409.51
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Hills, Neighborhood, Park/Greenbelt
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Parking Space
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1020.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 13939.00
  • Lot Size Acres: 0.3200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Gross Income: 121200.00
  • Gross Scheduled Income: 121200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 13939.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Net Operating Income: 92930.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 28270.00
  • Other Income Description: Based on pro-format
  • Rent Control: No
  • Total Actual Rent: 7725.00
  • Total Expenses: 28270.00

Tax Info

  • New Taxes Expense: 20750.00
  • Tax Census Tract: 423.39
  • Tax Lot: 8
  • Tax Tract Number: 9632

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
09/23/2019 09/23/19 Sold $1,860,000 -1.8% $410 / Sq Ft
07/16/2019 07/16/19 Price Changed $1,895,000 -4.1% $417 / Sq Ft
05/15/2019 05/15/19 For Sale $1,975,000 -- $435 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Franck Bideau

    Seller's Agent in 2019

    Franck Bideau

    Innovative Financial Resources

    (949) 474-4004

    11 Total Sales

    Franck Bideau
    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,926 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19115173

California Regional Multiple Listing Service (CRMLS)

APN: 673-081-09

California Orange County Dana Point 92629 Dana Hills

33342 Cheltam Way, Dana Point, CA

This home is located at 33342 Cheltam Way, Dana Point, CA 92629 since 15 May 2019. This property was built in 1977. 33342 Cheltam Way is a home located in Orange County with nearby schools including Del Obispo Elementary School, Marco Forster Middle School, and Dana Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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