$1,200,000
SOLD OCT 29, 2012

33362 Cheltam Way Dana Point, CA 92629

10 Beds
8 Baths
4,488 Sq Ft
0.42 Acres

Recently Sold

$267 Per Sq Ft

7% Below List Price

4 Days on Market

Highlights

  • Ocean View
  • 0.42 Acre Lot
  • Wooded Lot
  • Del Obispo Elementary School Rated A-
  • Craftsman Architecture
  • Granite Countertops

About This Home

As of October 2012

Now is your chance to own an absolute turn-key investment property less than 2 miles to the beach in Dana Point! Beautiful ocean and canyon views from all units! This building has been meticulously maintained and well kept over the years including a newer roof, updated kitchens, and modern interiors. This property will need little in the years to come and has great cash-flow and long term tenants. It consists of two (2) 3 Bedroom 2 Bath units and two (2) 2 Bedroom 2 Bath units with private garages and washer/dryer hook ups for each unit. The gross income for the building is over $80,000 per year and would work well for 1031 exchanges or even those looking to relocate to the beach and earn additional income off of the other units. With plently of parking, an updated building, and all the amenities of South Orange County, this property will not last.

Last Agent to Sell the Property

Doug Echelberger

Inhabit Collective License #01176379 Listed on: 09/17/2012

Last Buyer's Agent

Tim James

Timothy D. James, Broker License #01816298

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 62x210
  • Wooded Lot

Parking

  • 1 Car Garage
  • Single Garage Door
  • On-Street Parking
  • Parking Lot

Property Views

  • Ocean
  • Bluff
  • Canyon

Home Design

  • Craftsman Architecture
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,488 Sq Ft Home
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Electric Fireplace

Kitchen

  • Electric Cooktop
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in Kitchen
  • Gas And Electric Dryer Hookup

Additional Features

  • Balcony
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 9632
  • Assessor Parcel Number 67308113

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $815
  • Insurance Expense $1,500
  • Trash Expense $668
  • Water Sewer Expense $750
  • New Taxes Expense $14,245
  • Gross Income $6,750
  • Net Operating Income $77,267

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.97
  • View: Yes
  • Water Sewer Expenses: 750.00
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Gardener Expense: 815.00
  • Parcel Number: 67308113
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Granite Counters
  • Flooring: Carpet, Tile
  • Appliances: No
  • Fireplace Features: Electric, Masonry, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 267.38

Exterior Features

  • View: Canyon, Ocean
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Parking Space, Garage - Single Door, Street
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Cooking
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen
  • Trash Expense: 668.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Bluff, Treed Lot
  • Lot Size: 62x210
  • Lot Size Sq Ft: 18400.00
  • Lot Size Acres: 0.4220

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 6750.00
  • Gross Multiplier: 15.99
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 18400.0000 Square Feet
  • Net Operating Income: 77267.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Refrigerator: 4
  • Operating Expense: 3733.00

Tax Info

  • New Taxes Expense: 14245.00
  • Tax Area: 28058
  • Tax Lot: 4
  • Tax Tract Number: 9632

Similar Home in Dana Point, CA

  • 25051 La Cresta Dr, Dana Point, CA 92629

    $1,495,000

    • 4 Beds
    • 4 Baths
    • 2,325 Sq Ft
    • 25051 La Cresta Dr
    • Dana Point, CA

    Welcome to 25051 La Cresta Road, a rare and versatile side-by-side duplex nestled in the heart of Dana Point's sought-after coastal community. Built in 1976, the property offers two spacious multi-level units, each with 2 bedrooms, 2 bathrooms, and approximately 1,160 square feet of living space (total of 2,325 sq ft). One unit is being delivered vacant, presenting an owner-user opportunity, or

    Adam Zunder Iconic Investments

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/30/2020 01/30/20 Rented $2,750 0.0% --
01/10/2020 01/10/20 For Rent $2,750 0.0% --
10/29/2012 10/29/12 Sold $1,200,000 -7.3% $267 / Sq Ft
09/21/2012 09/21/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $1,295,000 -- $289 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S712186

California Regional Multiple Listing Service (CRMLS)

APN: 673-081-13