NOT LISTED FOR SALE
1 Bed
1 Bath
3,176 Sq Ft
4,900 Sq Ft Lot

Last Sold August 19, 2013

Last sale price $1,255,000 $395 Per Sq Ft

157 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Heating Available
  • Marco Forster Middle School Rated A-

About This Home

As of August 2013

Premium location in the Northern section of Dana Points Lantern District. This spacious and professionally managed fourplex is close to the Dana Point Strand, Headlands and Harbor. These large units have their own garages, parking pad and onsite community laundry. The lower level 1 bedroom units also have enclosed yards. The spacious upper level units have large living areas. Ruby Lantern is a wide tree lined street with a a mix of other pride of ownership buildings and single family residences. This building is conveniently located near shopping and transportation. Great income, configuration and location for an affordable coastal investment.

Last Agent to Sell the Property

Victoria Strombom

Surterre Properties License #00886773 Listed on: 02/08/2013

Surterre Properties

Last Buyer's Agent

Brice W. Head, MBA

Re/Max Commercial & Investment License #01330706

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 4,900 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,176 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Laundry Room
  • Heating Available

Listing and Financial Details

  • Tax Lot 116
  • Tax Tract Number 768
  • Assessor Parcel Number 68224127

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $552
  • Gardener Expense $750
  • Insurance Expense $1,160
  • Professional Management Expense $3,310
  • Trash Expense $665
  • Water Sewer Expense $1,215
  • New Taxes Expense $13,770
  • Gross Income $5,860
  • Net Operating Income $51,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.00
  • Professional Management Expense: 3310.00
  • Property Attached: Yes
  • Subdivision Name Other: Lantern Village Central (LDC)
  • Water Sewer Expenses: 1215.00
  • Property Type: Residential Income
  • Gardener Expense: 750.00
  • Parcel Number: 68224127
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 395.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 665.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4900.00
  • Lot Size Acres: 0.1120

Multi Family

  • Electric Expense: 552.00
  • Gross Income: 5860.00
  • Gross Scheduled Income: 70320.00
  • Insurance Expense: 1160.00
  • Lot Size Area: 4900.0000 Square Feet
  • Net Operating Income: 51630.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 18690.00
  • Other Income Description: laundry
  • Rent Control: No
  • Total Actual Rent: 5715.00

Tax Info

  • New Taxes Expense: 13770.00
  • Tax Lot: 116
  • Tax Tract Number: 768
  • Tax Year: 2011

Range of Values:

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Sold Price
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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
08/19/2013 08/19/13 Sold $1,255,000 -10.0% $395 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
02/08/2013 02/08/13 For Sale $1,395,000 -- $439 / 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: LG13021810

California Regional Multiple Listing Service (CRMLS)

APN: 682-241-27