NOT LISTED FOR SALE
6 Beds
6 Baths
3,752 Sq Ft
25,700 Sq Ft Lot

Last Sold July 18, 2024

Last sale price $2,151,000 $573 Per Sq Ft

7 Days on Market

Highlights

  • 0.59 Acre Lot
  • Del Obispo Elementary School Rated A-
  • 4 Car Garage

About This Home

As of July 2024

Cheltam Apartments offers a prime value-add investment opportunity in the coveted coastal community of Dana Point, CA. Situated on a massive 25,700 square foot lot with ADU potential, this four-unit multifamily property includes two one-bedroom units and two two-bedroom units, all recently renovated with modern amenities. The property's desirable location, combined with below-market current rents, provides substantial upside potential through strategic property enhancements and rent optimization. With 8 surface parking spaces and 4 garages, Cheltam Apartments appeals to a broad tenant base, attracting young professionals, families, and retirees, ensuring robust demand for rental properties.

Last Agent to Sell the Property

Cory Bergamini

COAR Advisors License #02143616 Listed on: 06/24/2024

Last Buyer's Agent

Ryan Zhou

GoGo Realtors R.H. Corp License #02010574

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.59

Parking

  • 4 Car Garage

Interior Spaces

  • 3,752 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • 25,700 Sq Ft Lot
  • Radiant Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 673-231-10

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.59 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3752
  • Lot Acreage: 0.5900
  • Stories: 2
  • Year Built: 1976
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 559.70

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 4+ Car, Private Garage, Parking Space
  • Total Parking: 12

Utilities

  • Heating: Radiant

Lot Info

  • Assessed Improvement Percent: 65.87
  • Assessed Improvement Value: 192956
  • Assessed Land Percent: 34.13
  • Assessed Land Value: 99965
  • Total Assessed Value: 292921
  • Assessor Parcel Number: 673-231-10
  • Lot Size Area: 25700

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.64
  • Number Of Units: 4
  • Type Of Units: Income

MLS Schools

  • School District: Capistrano Unified
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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 List to Sale Price per Sq Ft
07/18/2024 07/18/24 Sold $2,151,000 +2.4% $573 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $2,100,000 -- $560 / Sq Ft
Source: The MLS

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 $7,804 $2,151,000 $1,904,519 $246,481
2024 $7,804 $298,779 $101,964 $196,815
2023 $6,974 $292,921 $99,965 $192,956
2022 $2,937 $287,178 $98,005 $189,173
2021 $2,880 $281,548 $96,084 $185,464
2020 $2,852 $278,662 $95,099 $183,563
2019 $2,796 $273,199 $93,235 $179,964
2018 $2,743 $267,843 $91,407 $176,436
2017 $2,688 $262,592 $89,615 $172,977
2016 $2,643 $257,444 $87,858 $169,586
2015 $4,400 $253,577 $86,538 $167,039
2014 $4,350 $248,610 $84,843 $163,767
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-406727

The MLS

APN: 673-231-10

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