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

Sale Details

Date Sold: March 2, 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

7,995 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16011816

California Regional Multiple Listing Service (CRMLS)
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