NOT LISTED FOR SALE

Estimated Value: $1,829,000 - $3,403,000

4 Beds
3 Baths
2,950 Sq Ft
$896/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $1,225,000 $415 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $15,315/month

7 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Central Heating
  • Marco Forster Middle School Rated A-
  • Laundry Room
  • Carpet

About This Home

As of November 2020

Ocean view Tri-plex located in the heart of the Lantern District in Dana Point. Walking distance to many fantastic restaurants and close to beaches, parks and harbor. This property features 3 units. The upper Seville Unit is a 1 bedroom, 1 bath, 950pqft with a 1 car attached garage. Unit A is a 3 bedroom, 1,600sqft with a 2 car garage. B unit is 1 bedroom , 1 bath, 400sqft. Parking on the driveway in the rear of the unit and street parking in the front. With the city investing in the Harbor revitalization project along with the Lantern District, Dana Point in great investment opportunity!

Last Agent to Sell the Property

Mac Mackenzie

Coldwell Banker Realty License #01038710 Listed on: 08/18/2020

Coldwell Banker Realty

Co-Listed By

David Cannon

Coldwell Banker Realty License #01329802

Last Buyer's Agent

Laurie Hines

Coldwell Banker Realty License #01762575

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,662

Year Built

  • Built in 1953

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 3 Car Garage

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • Triplex
  • Stucco

Interior Spaces

  • 2,950 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 148
  • Tax Tract Number 768
  • Assessor Parcel Number 68224217

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Lantern Village Central Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $480
  • Water Sewer Expense $480
  • New Taxes Expense $14,500
  • Operating Expense $17,060
  • Gross Income $57,000
  • Net Operating Income $39,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,662

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Lantern Village Central (LDC)
  • View: Yes
  • Water Sewer Expenses: 480.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 68224217
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 415.25

Exterior Features

  • View: City Lights, Coastline, Ocean, Panoramic
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Disposal, Gas Cooktop, Microwave
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 57000.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 39940.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 17060.00
  • Rent Control: No
  • Total Actual Rent: 5650.00
  • Total Expenses: 17060.00

Tax Info

  • New Taxes Expense: 14500.00
  • Tax Census Tract: 423.13
  • Tax Lot: 148
  • Tax Tract Number: 768

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2020
Sold by
Cabeen Russell Francis and Cabeen Sharon Kay
Bought by
Ahrold Nick and Mcdaniel Hannah
Current Estimated Value
$2,642,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2016
Sold by
Cabeen Russell F and Cabeen Sharon K
Bought by
Cabeen Russell Francis and Cabeen Sharon Kay
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ahrold Nick $1,225,000 Equity Title Orange County
Cabeen Russell Francis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ahrold Nick $980,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2020 11/30/20 Sold $1,225,000 -14.0% $415 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $1,425,000 -- $483 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,662 $1,325,978 $1,199,094 $126,884
2024 $15,662 $1,299,979 $1,175,582 $124,397
2023 $15,149 $1,274,490 $1,152,532 $121,958
2022 $14,749 $1,249,500 $1,129,933 $119,567
2021 $14,393 $1,225,000 $1,107,777 $117,223
2020 $3,746 $181,476 $64,937 $116,539
2019 $3,653 $177,918 $63,664 $114,254
2018 $3,701 $174,430 $62,416 $112,014
2017 $3,379 $171,010 $61,192 $109,818
2016 $3,332 $167,657 $59,992 $107,665
2015 $2,844 $165,139 $59,091 $106,048
2014 $2,811 $161,905 $57,934 $103,971
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20168539

California Regional Multiple Listing Service (CRMLS)

APN: 682-242-17