Seller's Agent in 2021
Rick Applebaum
Morgan Skenderian
(949) 251-8800
1 in this area
71 Total Sales
33422 Cheltam Way Dana Point, CA 92629
Dana Hills Neighborhood
3
Beds
3
Baths
3,752
Sq Ft
13,939
Sq Ft Lot
Highlights
- 0.32 Acre Lot
- Del Obispo Elementary School Rated A-
- Laundry Room
About This Home
As of May 2021We are pleased to present 33422 Cheltam Way, a 4-unit investment opportunity located in one of Orange County's premier coastal communities of Dana Point. Perched upon a ridge, the Cheltam Way apartments offer sweeping canyon views from the building's expansive patios and balconies all while being in close proximity to the best of what the city has to offer including the revitalized and trendy Lantern District, Dana Point Harbor, and miles of iconic beaches. This exceptionally well-maintained coastal asset is desirably comprised of 1 & 2-bedroom with den units that are always in high rental demand. Step inside and tenants will enjoy upgraded kitchens, bathrooms, and flooring paired with upscale and high-end amenities such as fireplaces, dishwashers, and washer/dryer hookups. A new investor can cash-flow with as little as 25% down payment without having to invest in capital or cosmetic improvements, making the Cheltam Way apartments an exceptional addition to any investor’s portfolio. *2-Bedroom Units are 2-Bedroom + Den
Last Agent to Sell the Property
Morgan Skenderian License #01273871 Listed on: 03/17/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 0.32 Acre Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Interior Spaces
- 3,752 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 27
- Tax Tract Number 6928
- Assessor Parcel Number 67323105
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $1,631
- Maintenance Expense $5,005
- Other Expense $2,325
- New Taxes Expense $18,705
- Operating Expense $28,720
- Gross Income $100,104
- Net Operating Income $71,384
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2021 05/24/21 | Sold | $1,875,000 | +1.4% | $500 / Sq Ft |
| 04/12/2021 04/12/21 | Pending | -- | -- | -- |
| 03/17/2021 03/17/21 | For Sale | $1,850,000 | -- | $493 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2025 | $23,721 | $2,029,560 | $1,731,892 | $297,668 |
| 2024 | $23,721 | $1,989,765 | $1,697,933 | $291,832 |
| 2023 | $23,086 | $1,950,750 | $1,664,640 | $286,110 |
| 2022 | $19,360 | $1,912,500 | $1,632,000 | $280,500 |
| 2021 | $9,346 | $921,235 | $669,325 | $251,910 |
| 2020 | $9,253 | $911,789 | $662,462 | $249,327 |
| 2019 | $9,071 | $893,911 | $649,472 | $244,439 |
| 2018 | $8,897 | $876,384 | $636,737 | $239,647 |
| 2017 | $8,723 | $859,200 | $624,251 | $234,949 |
| 2016 | $8,574 | $842,353 | $612,010 | $230,343 |
| 2015 | $10,268 | $829,701 | $602,817 | $226,884 |
| 2014 | $10,110 | $813,449 | $591,009 | $222,440 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Applebaum
-
Michael Arp
Seller Co-Listing Agent in 2021
Michael Arp
Morgan Skenderian
(714) 262-8992
1 in this area
43 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21056279
APN: 673-231-05
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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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