NOT LISTED FOR SALE
7 Beds
6 Baths
4,117 Sq Ft
4,687 Sq Ft Lot

Sale Details

Date Sold: February 22, 2022

Last sale price $2,400,000 $583 Per Sq Ft

12 Days on Market

Highlights

  • Peek-A-Boo Views
  • Corner Lot
  • Hiking Trails
  • Marco Forster Middle School Rated A-
  • Private Yard
  • 4 Car Garage

About This Home

As of February 2022

Very desirable income property - This Quadplex is located in the beautiful Lantern District of Dana Point. Just a short distance from the beach, Dana Point Harbor, and walking distance from shops and restaurants. Unit A is a remodeled 1/1 with a small outdoor space. Unit B is a remodeled 2/1 with new carpet and a private yard. Unit C is a 2/2 with a large private balcony and is in original condition. Unit D is a 2/2 as well with a private balcony. The building offers a large 4 car garage, communal laundry room, and 6 additional parking spots (4 in front of garage and 2 in front of laundry room). Photos show the exterior and the bottom two units only.

Last Agent to Sell the Property

Dolan Bradley

RE/MAX TerraSol License #02101665 Listed on: 01/02/2022

RE/MAX TerraSol

Co-Listed By

Michael Taylor

RE/MAX TerraSol License #01917215

Last Buyer's Agent

John Schantz

Compass License #01001775

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 4,687 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway Level

Interior Spaces

  • 4,117 Sq Ft Home
  • 2-Story Property
  • Peek-A-Boo Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 15 / 6
  • Tax Tract Number 857
  • Assessor Parcel Number 68225415
  • $34 per year additional tax assessments

Community Details

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $500
  • Fuel Expense $600
  • Insurance Expense $1,200
  • Trash Expense $400
  • Water Sewer Expense $800
  • Operating Expense $3,500
  • Net Operating Income $43,680

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

4,687 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Copper Lantern
  • View: Yes
  • Water Sewer Expenses: 800.00
  • Property Type: Residential Income
  • Parcel Number: 68225415
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 582.95

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway Level, Garage, On Site
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Yard
  • Lot Size Sq Ft: 4687.00
  • Lot Size Acres: 0.1076

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 500.00
  • Fuel Expense: 600.00
  • Gross Scheduled Income: 47280.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4687.0000 Square Feet
  • Net Operating Income: 43680.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Actual Rent: 47280.00
  • Total Expenses: 3500.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 423.13
  • Tax Lot: 15
  • Tax Tract Number: 857
  • TaxOtherAnnualAssessmentAmount: 34.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2022
Closed on
Jan 21, 2022
Sold by
Bought by
Seller's Agent
Dolan Bradley
RE/MAX TerraSol
Buyer's Agent
John Schantz
Compass
List Price
$2,330,000
Sold Price
$2,400,000
Premium/Discount to List
$70,000
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,088,592
Interest Rate
3.3%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$2,400,000 First American Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,200,000
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
02/22/2022 02/22/22 Sold $2,400,000 +3.0% $583 / Sq Ft
01/15/2022 01/15/22 For Sale $2,330,000 -2.9% $566 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
01/10/2022 01/10/22 Off Market $2,400,000 -- --
01/02/2022 01/02/22 For Sale $2,330,000 0.0% $566 / Sq Ft
10/07/2019 10/07/19 Rented $2,015 0.0% --
09/30/2019 09/30/19 Off Market $2,015 -- --
09/23/2019 09/23/19 For Rent $2,015 +12.6% --
01/30/2016 01/30/16 Rented $1,790 0.0% --
01/25/2016 01/25/16 Under Contract -- -- --
12/18/2015 12/18/15 For Rent $1,790 +8.2% --
09/05/2014 09/05/14 Rented $1,655 +5.8% --
09/05/2014 09/05/14 For Rent $1,565 -- --
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
2026 $29,753 $2,597,836 $2,377,472 $220,364
2025 $28,787 $2,546,899 $2,330,855 $216,044
2024 $28,787 $2,496,960 $2,285,152 $211,808
2023 $27,958 $2,448,000 $2,240,345 $207,655
2022 $6,700 $666,543 $418,371 $248,172
2021 $6,569 $653,474 $410,168 $243,306
2020 $6,503 $646,774 $405,962 $240,812
2019 $6,374 $634,093 $398,002 $236,091
2018 $6,250 $621,660 $390,198 $231,462
2017 $6,126 $609,471 $382,547 $226,924
2016 $6,008 $597,521 $375,046 $222,475
2015 $7,702 $588,546 $369,412 $219,134
2014 $7,587 $577,018 $362,176 $214,842
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22000151

California Regional Multiple Listing Service (CRMLS)
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