NOT LISTED FOR SALE

33381 Cheltam Way Unit 3 Dana Point, CA 92629

Estimated Value: $621,000 - $885,000

9 Beds
6 Baths
4,080 Sq Ft
$189/Sq Ft Est. Value

Last Sold April 27, 2015

Last sale price $1,100,000 $270 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $4,759/month

18 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cape Cod Architecture
  • Den
  • Del Obispo Elementary School Rated A-
  • No HOA
  • Walk-In Pantry

About This Home

As of April 2015

Beautifully maintained triplex near high school. Each unit is townhouse styled and includes 2 bedrooms, den (used as third bedroom), living room with fireplace, large kitchen with separate eating area and inside laundry hookups. Each unit has a large patio yard that separates the living structure from the two car garage. The front exterior has recently been updated. Each unit is more than 1300 sq. ft.

These units are stable investments for any investor. Tenants rarely move. Property is professionally managed for more than 20 years.

Each unit has a separate AP number because they were converted to legal condominiums during the 1980's however, have never been sold individually. Additional legal work may be required to sell to sell the units as townhomes.

Last Listed By

Cheryl Saltus

Salome’ Ollangg Real Estate Broker License #00344671 Listed on: 03/13/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,714

Year Built

  • Built in 1976

Lot Details

  • 8,200 Sq Ft Lot
  • Two or More Common Walls
  • Fence is in average condition
  • Density is 11-15 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Cape Cod Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Block Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,080 Sq Ft Home
  • Window Screens
  • Living Room with Fireplace
  • Den

Kitchen

  • Walk-In Pantry
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Bedrooms Down
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • 220 Volts In Laundry

Accessible Home Design

  • Accessible Parking

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Assessor Parcel Number 93947060

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Professional Management Expense $3,180
  • Trash Expense $516
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,000
  • Gross Income $5,300
  • Net Operating Income $22,036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,714

Year Built

Built in 1976

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • Other Phone Description: 949 291 0793
  • Other Phone Number: 949 291 0793
  • Professional Management Expense: 3180.00
  • Property Attached: Yes
  • Subdivision Name Other: Golden Lantern Income (GLI)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Cape Cod
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 93947060
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Pantry
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 269.61
  • Room Type: All Bedrooms Down, Den, Living Room, Walk-In Pantry
  • Window Features: Screens

Exterior Features

  • Foundation: Block
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Trash Expense: 516.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 8200.00
  • Lot Size Acres: 0.1880

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5300.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 8200.0000 Square Feet
  • Net Operating Income: 22036.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 22036.00
  • Rent Control: No
  • Total Actual Rent: 5300.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Lot: 1
  • Tax Tract Number: 971H4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2024
Sold by
Haley Norma Chasin Trust
Bought by
Sandra K Young Revocable Living Trust and Young
Total Days on Market
18
Current Estimated Value
$772,680

Purchase Details

Closed on
Feb 7, 2022
Sold by
Sbc Trust
Bought by
Haley Norma Chasin Trust

Purchase Details

Closed on
Oct 3, 2017
Sold by
Young Sandra K
Bought by
Young Sandra K and Sandra K Young Revocable Living Trust

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 10, 2015
Sold by
Olabuenaga Daniel
Bought by
Young Sandra K and Sbc Trust
Seller's Agent
Cheryl Saltus
Salome’ Ollangg Real Estate Broker
Buyer's Agent
John Hamill
Red Fox Properties
List Price
$1,149,000
Sold Price
$1,100,000
Premium/Discount to List
-$49,000
-4.26%

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sandra K Young Revocable Living Trust $235,000 Fidelity National Title
Haley Norma Chasin Trust -- None Listed On Document
Young Sandra K -- None Available
Young Sandra K $1,100,000 Lawyers Title
Olabuenaga Daniel -- Lawyers Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2015 04/27/15 Sold $1,100,000 -4.3% $270 / Sq Ft
03/31/2015 03/31/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $1,149,000 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,714 $439,222 $379,913 $59,309
2023 $5,514 $430,610 $372,463 $58,147
2022 $4,942 $422,167 $365,160 $57,007
2021 $4,824 $413,890 $358,000 $55,890
2020 $4,724 $402,942 $347,591 $55,351
2019 $4,828 $395,042 $340,776 $54,266
2018 $4,747 $387,297 $334,095 $53,202
2017 $4,578 $379,703 $327,544 $52,159
2016 $4,527 $372,258 $321,121 $51,137
2015 $3,575 $318,943 $263,291 $55,652
2014 -- $284,000 $232,059 $51,941
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15053236

California Regional Multiple Listing Service (CRMLS)

APN: 939-470-62