NOT LISTED FOR SALE
8 Beds
7 Baths
4,186 Sq Ft
8,840 Sq Ft Lot

Last Sold December 05, 2013

Last sale price $1,400,000 $334 Per Sq Ft

23 Days on Market

Highlights

  • 0.2 Acre Lot
  • Contemporary Architecture
  • Tile Countertops
  • Marco Forster Middle School Rated A-
  • No HOA
  • Living Room

About This Home

As of December 2013

Premium location south end of Dana Point Lantern District near Saint Edwards Church and school. Three of the four units are spacious, with fireplaces, and large decks. The fourth unit is townhouse styled and the most sq. footage of the four units. Each unit has a deck off the living room. Unit A has a patio and a deck on the second level. Unit D has some ocean view off balcony area. Each unit has an enclosed garage and additional parking on site. This four unit building is in excellent condition and is professionally managed. Unit A and Unit C are 2013 tenants. Units B an D are long term tenants and the rents on these units are substantially low. The laundry room is coin operated. Mariana Drive is a quiet residential street mixed with homes and units. This investment is one of the best pride of ownership buildings in Dana Point.

Last Agent to Sell the Property

Cheryl Saltus

Salome’ Ollangg Real Estate Broker License #00344671 Listed on: 10/22/2013

Last Buyer's Agent

Cheryl Saltus

Salome’ Ollangg Real Estate Broker License #00344671 Listed on: 10/22/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 8,840 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,186 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Window Screens
  • Living Room
  • Carpet
  • Laundry Room

Kitchen

  • Gas and Electric Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Additional Features

  • Rain Gutters
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 21
  • Tax Tract Number 862
  • Assessor Parcel Number 68212303

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Operating Expense $19,770
  • Gross Income $6,590
  • Net Operating Income $59,310

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Inclusions: all
  • Property Attached: Yes
  • Subdivision Name Other: Lantern Village South (LDS)
  • Water Sewer Expenses: 1.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 68212303
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Gas
  • Levels: Two
  • Price Per Square Foot: 334.45
  • Room Type: Living Room
  • Window Features: Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Concrete Perimeter
  • Exterior Features: Rain Gutters
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8840.00
  • Lot Size Acres: 0.2030

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 1
  • Average2 Bed Area: 1
  • Average3 Bed Area: 1
  • Average Studio Area: 1
  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 6590.00
  • Gross Scheduled Income: 79080.00
  • Insurance Expense: 1.00
  • Lot Size Area: 8840.0000 Square Feet
  • Net Operating Income: 59310.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 19770.00
  • Rent Control: No
  • Total Actual Rent: 6590.00
  • Total Expenses: 19770.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Lot: 21
  • Tax Tract Number: 862

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/05/2013 12/05/13 Sold $1,400,000 -1.3% $334 / Sq Ft
11/14/2013 11/14/13 Pending -- -- --
10/22/2013 10/22/13 For Sale $1,419,000 -- $339 / 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
2025 $20,581 $1,716,204 $1,474,649 $241,555
2024 $20,581 $1,682,553 $1,445,734 $236,819
2023 $20,015 $1,649,562 $1,417,386 $232,176
2022 $16,376 $1,617,218 $1,389,594 $227,624
2021 $16,060 $1,585,508 $1,362,347 $223,161
2020 $15,900 $1,569,251 $1,348,378 $220,873
2019 $15,588 $1,538,482 $1,321,939 $216,543
2018 $15,288 $1,508,316 $1,296,018 $212,298
2017 $14,990 $1,478,742 $1,270,606 $208,136
2016 $14,703 $1,449,748 $1,245,693 $204,055
2015 $16,268 $1,427,972 $1,226,982 $200,990
2014 $15,990 $1,400,000 $1,202,947 $197,053
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13215044

California Regional Multiple Listing Service (CRMLS)

APN: 682-123-03