$1,235,000
SOLD SEP 21, 2020
5 Beds
4 Baths
2,290 Sq Ft
4,230 Sq Ft Lot

Recently Sold

$539 Per Sq Ft

5% Below List Price

39 Days on Market

Highlights

  • Private Yard
  • No HOA
  • 5-minute walk to Lantern Village Community Park
  • Marco Forster Middle School Rated A-
  • Laundry Room

About This Home

As of September 2020

Seller Motivated! Upgraded Dana Point duplex in the Lantern District, near downtown, the Marina, and Beach. Dana Point Harbor is currently undergoing a $330M redevelopment, with new shops, hotels and restaurants. This Duplex is only 1 block up from PCH, with walkupstairs (no carpet anywhere) and can be turn key for an investor or as a primary residence with income from renting the bottom unit. The upper unit features 3 beds/2 baths, a large deck on the front, another deck on the back, and a 2 car garage. The lower unit is 2 beds/2 baths with direct access single car garage with laundry. There is a private backyard and each unit is separately metered for Electric, gas and wable access to all that Dana Point has to offer, including numerous restaurants, retail, and all the local events Doheny Beach and the Dana Point Harbor are famous for. The interior is upgraded with granite countertops, tiled showers, travertine floors downstairs, bamboo floors upstairs. Hurry and capture your investment in the highly desirable city of Dana Point.

Last Agent to Sell the Property

Holly McKhann

First Team Real Estate License #01956721 Listed on: 06/12/2020

First Team Real Estate

Last Buyer's Agent

Holly McKhann

First Team Real Estate License #01956721 Listed on: 06/12/2020

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 4,230 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,290 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 13 / 8
  • Tax Tract Number 857
  • Assessor Parcel Number 68225213

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $721
  • New Taxes Expense $13,000
  • Operating Expense $13,721
  • Gross Income $72,000
  • Net Operating Income $58,279

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Inclusions: Refrigerators, washers, dryers.
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 68225213
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 539.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 4230.00
  • Lot Size Acres: 0.0971

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 721.00
  • Lot Size Area: 4230.0000 Square Feet
  • Net Operating Income: 58279.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 721.00
  • Rent Control: No
  • Total Expenses: 13721.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Block: 8
  • Tax Census Tract: 423.13
  • Tax Lot: 13
  • 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
09/22/2020 09/22/20 Rented $2,850 0.0% --
09/21/2020 09/21/20 Sold $1,235,000 0.0% $539 / Sq Ft
08/30/2020 08/30/20 For Rent $2,800 0.0% --
07/21/2020 07/21/20 Pending -- -- --
07/08/2020 07/08/20 Price Changed $1,270,000 -2.3% $555 / Sq Ft
06/12/2020 06/12/20 For Sale $1,299,999 0.0% $568 / Sq Ft
10/17/2015 10/17/15 Rented $2,450 0.0% --
10/09/2015 10/09/15 Under Contract -- -- --
10/03/2015 10/03/15 For Rent $2,450 0.0% --
02/14/2014 02/14/14 Sold $870,000 -2.8% $380 / Sq Ft
01/03/2014 01/03/14 Pending -- -- --
07/22/2013 07/22/13 For Sale $895,000 -- $391 / 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: OC20113377

California Regional Multiple Listing Service (CRMLS)