33602 Blue Lantern Street

    Dana Point, CA 92629
    • $2,300,000
    • STATUS: Active Under Contract
    • ON SITE: 82 days
    • ID#: TR18168500
    Under Contract
    UPDATED: 58 min ago
    $2,300,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,046
      SQFT
    • $568
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    LOCATION, LOCATION LOCATION! Truly a rare opportunity to own this beautiful beach close 4-plex located on one of the most desirable streets in Dana point. This offers renters a quality home environment in a quiet, well maintained neighborhood, which results is long term tenants. Within walking distance to Dana Strands Beach, the Headlands, the Harbor with fabulous restaurants and shopping. Great Income Property or Owner Occupied with supplemental Investment income. This property is unique as it consists of 3 separate buildings, Unit A was built as an owners unit and consists of three bedrooms and two and a half baths includes a fireplace in living room, granite counter tops and tropical backyard. Units B and C Townhouse style, two level with two bedroom one bath upstairs, and Unit D is above garage with no adjoining walls, consisting of two bedrooms and one bath. The Property is a corner lot that includes 4 single car garages and 6 additional parking spaces. Coin operated laundry onsite which generates additional income. Seller recently professionally painted exterior and rerouted the water line. This is an amazing opportunity to have a Coastal Investment Property. DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS AND RESPECT THEIR PRIVACY.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-11T17:30:14.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/87685066

    33602 Blue Lantern Street Dana Point, CA 92629

    • Price: $2,300,000
    • Status: Active Under Contract
    • Updated: 58 min ago
    • ID#: TR18168500
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    4,046
    SQFT
    $568
    $/SQFT
    1971
    Built
    Neighborhood:
    Lantern Hill (Lh)
    County:
    Orange
    Area:
    DH - Dana Hills
    Property Description
    LOCATION, LOCATION LOCATION! Truly a rare opportunity to own this beautiful beach close 4-plex located on one of the most desirable streets in Dana point. This offers renters a quality home environment in a quiet, well maintained neighborhood, which results is long term tenants. Within walking distance to Dana Strands Beach, the Headlands, the Harbor with fabulous restaurants and shopping. Great Income Property or Owner Occupied with supplemental Investment income. This property is unique as it consists of 3 separate buildings, Unit A was built as an owners unit and consists of three bedrooms and two and a half baths includes a fireplace in living room, granite counter tops and tropical backyard. Units B and C Townhouse style, two level with two bedroom one bath upstairs, and Unit D is above garage with no adjoining walls, consisting of two bedrooms and one bath. The Property is a corner lot that includes 4 single car garages and 6 additional parking spaces. Coin operated laundry onsite which generates additional income. Seller recently professionally painted exterior and rerouted the water line. This is an amazing opportunity to have a Coastal Investment Property. DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS AND RESPECT THEIR PRIVACY.
    Exterior Features

    Entry Level 1 Entry Location Ground Garage Spaces 4.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof Composition

    Interior Features

    Appliances Dishwasher Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features Living RoomMaster Bedroom Fireplace YN Yes Flooring CarpetTile Heating Central Furnace Heating YN Yes Laundry Features Community

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Elevation Units Feet Gross Equity 2300000 Gross Income 0.00 Gross Operating Income 72000.00 Gross Scheduled Income 72000.00 Insurance Expense 2800.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry YN Yes Net Operating Income 61860.00 New Construction YN No New Taxes Expense 23209.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Dishwasher 4 Number With Disposal 4 Number With Patio 4 Operating Expense 10140.00 Present Loans 0 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Lantern Village South (Lds) Tenant Pays ElectricityGas Total Actual Rent 6000.00 Total Expenses 2309.00 Trash Expense 834.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 1788.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Josephine Taylor of Heritage Real Estate and Larry Black of Heritage Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-11T17:30:14.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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