NOT LISTED FOR SALE

33342 Cheltam Way Dana Point, CA 92629

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 Listed By

Franck Bideau

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

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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19115173

California Regional Multiple Listing Service (CRMLS)

APN: 673-081-09