NOT LISTED FOR SALE
3 Beds
3 Baths
5,100 Sq Ft
7,995 Sq Ft Lot

Last Sold March 02, 2016

Last sale price $2,250,000 $441 Per Sq Ft

17 Days on Market

About This Home

As of March 2016

33901 Malaga Drive is an eight-unit multifamily investment property in Dana Point, California. The property possesses 4 two-bedroom/one-bath units, 2 one-bedroom/one-bath units and 2 studio units. The property features seven one-car garages, four open spaces and a laundry facility. Select units have large private balconies and ocean views. The property sits on a 0.18 acre lot and is less than one mile north of the cliffs overlooking Dana Point Harbor.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 01/19/2016

Co-Listed By

Kurt Hediger

Marcus & Millichap RE Invest License #01846649

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 01/19/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,995 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 7 Car Garage

Home Design

  • 5,100 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 23 / 8
  • Tax Tract Number 857
  • Assessor Parcel Number 68225223

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Electric Expense $1,310
  • Gardener Expense $750
  • Insurance Expense $1,400
  • Maintenance Expense $4,000
  • Professional Management Expense $600
  • Trash Expense $1,310
  • Water Sewer Expense $1,310
  • New Taxes Expense $27,318
  • Gross Income $11,450
  • Net Operating Income $94,988

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

7

Listing Details

  • Professional Management Expense: 600.00
  • Property Attached: No
  • Water Sewer Expenses: 1310.00
  • Property Type: Residential Income
  • Gardener Expense: 750.00
  • Parcel Number: 68225223
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 441.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 22.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1310.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7995.00
  • Price Per Lot Square Foot: 281.43
  • Lot Size Acres: 0.1840

Multi Family

  • Electric Expense: 1310.00
  • Gross Income: 11450.00
  • Gross Scheduled Income: 138420.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 7995.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 94988.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 39310.00
  • Rent Control: No
  • Total Actual Rent: 11450.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 27318.00
  • Tax Block: 8
  • Tax Lot: 23
  • Tax Tract Number: 857
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
03/02/2016 03/02/16 Sold $2,250,000 -6.1% $441 / Sq Ft
02/05/2016 02/05/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $2,395,000 +8.9% $470 / Sq Ft
12/17/2015 12/17/15 Sold $2,200,000 -13.7% $431 / Sq Ft View Prior Sale
11/10/2015 11/10/15 Pending -- -- --
08/26/2015 08/26/15 For Sale $2,550,000 -- $500 / 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 $33,246 $2,663,543 $1,953,269 $710,274
2024 $33,246 $2,611,317 $1,914,969 $696,348
2023 $32,023 $2,560,115 $1,877,420 $682,695
2022 $25,413 $2,509,917 $1,840,608 $669,309
2021 $24,922 $2,460,703 $1,804,517 $656,186
2020 $24,674 $2,435,472 $1,786,014 $649,458
2019 $24,189 $2,387,718 $1,750,994 $636,724
2018 $23,724 $2,340,900 $1,716,660 $624,240
2017 $23,260 $2,295,000 $1,683,000 $612,000
2016 $22,309 $2,200,000 $1,600,000 $600,000
2015 $17,410 $1,415,980 $1,104,694 $311,286
2014 $17,133 $1,388,243 $1,083,054 $305,189
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16011816

California Regional Multiple Listing Service (CRMLS)