NOT LISTED FOR SALE
5 Beds
4 Baths
2,453 Sq Ft
4,282 Sq Ft Lot

Last Sold October 10, 2020

Last sale price $1,150,000 $469 Per Sq Ft

4 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Traditional Architecture
  • Marco Forster Middle School Rated A-
  • Open Floorplan
  • Main Floor Primary Bedroom

About This Home

As of October 2020

Ocean View!!!Located at the top of Silver Lantern in the Lantern District, this property is a short distance into the district, restaurants, shops, and major hotels. Dana Point Harbor Revitalization project includes reconstruction of the commercial areas. Great opportunity to purchase this duplex unit with each unit being one level of a two story building. The building consists of an upstairs unit. with 3 bd/2ba., 2 car garage, with the ocean view deck. Lower unit is a 2 bd/2ba., 1 car garage with an enclosed back yard. Downstairs has newer windows. Each unit has laundry in separate garages. Look at virtual tour link.
Floor 2 and floor 1. Second Floor is unit B and first floor is unit A.

Last Agent to Sell the Property

Karen Hakola

Regency Real Estate Brokers License #00610273 Listed on: 08/29/2020

Regency Real Estate Brokers

Co-Listed By

Steve Hakola

Regency Real Estate Brokers License #00604415

Last Buyer's Agent

Ashley Rodriguez

Coldwell Banker Realty License #01372157

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,006

Year Built

  • Built in 1972

Lot Details

  • 4,282 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Needs Fence Repair
  • Landscaped
  • Gentle Sloping Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Driveway Up Slope From Street

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 2,453 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Chair Railings
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • French Mullion Window
  • Entryway
  • Living Room with Attached Deck
  • Ocean Views

Kitchen

  • Built-In Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Ceramic Countertops
  • Laminate Countertops
  • Disposal

Flooring

  • Brick
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 27 / 2
  • Tax Tract Number 857
  • Assessor Parcel Number 68226224

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Water Sewer Expense $217
  • New Taxes Expense $13,803
  • Operating Expense $16,120
  • Net Operating Income $46,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,006

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 3.85
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 217.19
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 68226224
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Ceramic Counters, Chair Railings, Laminate Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Brick, Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 468.81
  • Room Type: Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Master Suite
  • Window Features: Blinds, French/Mullioned

Exterior Features

  • Foundation: Slab
  • View: Ocean
  • Fence: Yes
  • Fencing: Needs Repair, Wood
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Free-Standing Range, Disposal, Gas Range, Gas Water Heater, Microwave, Range Hood, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 4282.00
  • Lot Size Acres: 0.0983

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Average3 Bed Area: 1335 Square Feet
  • Gross Multiplier: 1.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 4282.0000 Square Feet
  • Net Operating Income: 46280.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 16120.00
  • Rent Control: No
  • Total Actual Rent: 5200.00
  • Total Expenses: 16120.00

Tax Info

  • New Taxes Expense: 13803.00
  • Tax Area: 28025
  • Tax Block: 2
  • Taxes Percent: 1.01
  • Tax Lot: 27
  • Tax Rate: 1.01
  • Tax Tract Number: 857
  • Tax Annual Amount: 9006.50
  • Tax Year: 2020

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
10/10/2020 10/10/20 Sold $1,150,000 -4.1% $469 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/29/2020 08/29/20 For Sale $1,199,000 -- $489 / 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 $14,235 $1,244,796 $1,114,906 $129,890
2024 $14,235 $1,220,389 $1,093,045 $127,344
2023 $13,864 $1,196,460 $1,071,612 $124,848
2022 $13,533 $1,173,000 $1,050,600 $122,400
2021 $13,085 $1,150,000 $1,030,000 $120,000
2020 $8,856 $737,532 $586,229 $151,303
2019 $9,007 $723,071 $574,734 $148,337
2018 $8,793 $708,894 $563,465 $145,429
2017 $8,569 $694,995 $552,417 $142,578
2016 $8,177 $681,368 $541,585 $139,783
2015 $7,707 $671,134 $533,450 $137,684
2014 -- $657,988 $523,001 $134,987
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20173297

California Regional Multiple Listing Service (CRMLS)