$625,000
SOLD FEB 10, 2012

33751 Silver Lantern St Dana Point, CA 92629

4 Beds
4 Baths
2,200 Sq Ft
4,053 Sq Ft Lot

Recently Sold

$284 Per Sq Ft

26% Below List Price

21 Days on Market

Highlights

  • Ocean View
  • Cathedral Ceiling
  • Tile Flooring
  • Marco Forster Middle School Rated A-
  • Recessed Lighting
  • Central Heating

About This Home

As of October 2022

****BEAUTIFUL OCEAN VIEW BUILDING **** THIS BUILDING IS A GREAT INVESTMENT! UPGRADED BUILDING, STUNNING OCEAN VIEWS, LOCATED ON TOP OF THE HILL. SELDOM DOES AN INVESTMENT PROPERTY OF THIS QUALITY COME ON THE MARKET. UPGRADED IN 2008. EXCELLENT INVESTMENT OPPORTUNITY TO OWN THIS PROPERTY AT THE BEACH. ONE TWO BEDROOOM AND TWO ONE BEDROOM MODELS. WALKING DISTANCE TO THE DANA POINT HARBOR, MOTHERS BEACH AND THE RITZ-CARLTON RESORT. PROPERTY INCLUDES FULL SIZE GARAGES, ON-SITE PRIVATE LAUNDRY FOR THE BUILDING, NEWER 60 GALLON WATER HEATERS AND A WRAP AROUND BALCONY WITH OCEAN VIEWS. BRING YOUR INVESTORS-SHOWS GREAT. UPGRADES INCLUDE RECESSED LIGHTING, LIGHTING FIXTURES, NEWER INTERIOR PAINT, ROOF, CARPET, SCRAPED CEILINGS, BLINDS.

Last Agent to Sell the Property

Cathy Carr

Realty One Group West License #00916914 Listed on: 03/15/2011

Realty One Group West

Last Buyer's Agent

Nick Abbadessa

RE/MAX MASTERS REALTY License #01398872

RE/MAX MASTERS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 4,053 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,200 Sq Ft Home
  • Cathedral Ceiling
  • Recessed Lighting
  • Ocean Views
  • Leased Washer and Dryer

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 31 / 2
  • Tax Tract Number 857
  • Assessor Parcel Number 68226228

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $195
  • Gardener Expense $360
  • Insurance Expense $1,000
  • Trash Expense $480
  • Water Sewer Expense $420
  • New Taxes Expense $8,492
  • Gross Income $4,510
  • Net Operating Income $50,136

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 7.16
  • View: Yes
  • Water Sewer Expenses: 420.00
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 68226228
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Cathedral Ceiling(s), Recessed Lighting
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 284.09

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4053.00
  • Lot Size Acres: 0.0900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 900
  • Electric Expense: 195.00
  • Gross Income: 4510.00
  • Gross Multiplier: 13.08
  • Gross Scheduled Income: 53520.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 4053.0000 Square Feet
  • Net Operating Income: 50136.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6144.00
  • Total Actual Rent: 3385.00

Tax Info

  • New Taxes Expense: 8492.00
  • Tax Area: 28025
  • Tax Block: 2
  • Tax Lot: 31
  • Tax Tract Number: 857

Range of Values:

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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
10/25/2022 10/25/22 Sold $1,685,000 -8.9% $769 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
07/14/2022 07/14/22 Price Changed $1,850,000 -5.1% $845 / Sq Ft
06/16/2022 06/16/22 For Sale $1,950,000 +105.8% $890 / Sq Ft
01/13/2015 01/13/15 Sold $947,500 -7.6% --
11/29/2014 11/29/14 Pending -- -- --
10/01/2014 10/01/14 For Sale $1,025,000 +64.0% --
02/10/2012 02/10/12 Sold $625,000 -25.6% $284 / Sq Ft
04/05/2011 04/05/11 Pending -- -- --
03/15/2011 03/15/11 For Sale $839,950 -- $382 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S652051

California Regional Multiple Listing Service (CRMLS)