NOT LISTED FOR SALE
6 Beds
6 Baths
3,752 Sq Ft
0.59 Acres

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

  • 0.59 Acre 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

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3752
  • Lot Acreage: 0.5900
  • Stories: 2
  • Year Built: 1976
  • Number Of Photos: 9
  • 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

Schools

  • School District: Capistrano Unified

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
  • Total Annual Expense: 45479
  • Type Of Units: Income
  • Vacancy Rate: 0

MLS Schools

  • School District: Capistrano Unified

Range of Values:

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Average Value
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Sold Price
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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
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 Compared to Growth

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