33346 Cheltam Way , #1

    Dana Point, CA 92629
    • $1,595,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: PW20030091
    UPDATED: 57 min ago
    $1,595,000
    • 0
      BEDS
    • 0.02
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,731
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    We are pleased to offer 33346 Cheltam Way, a property comprised of 3 individually parceled condominiums, located in one of the most desirable rental locations in the quaint seaside city of Dana Point. Situated atop the rim of a canyon, the subject property offers sweeping views from two of the units. The two townhome-style units provide residents with oversized private yards, while the 3-bedroom/2-bathroom unit includes a large patio deck. All units have a double-car garage (2 units with direct-access), fireplaces, and washer/dryer hookups. Cheltam Way is located in close proximity to the harbor (which is approved for a $330 million renovation), and the newly upgraded Lantern District with fresh dining, shopping and entertainment options and numerous parks and schools. This investment opportunity offers tremendous rental upside for long-term growth with the option to sell off condos individually. This property can be sold separately, or together with 24851 Sherwood Way, Dana Point, which is located around the corner in the same neighborhood.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-23T18:27:10.873. 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 or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/103097322

    33346 Cheltam Way , #1 Dana Point, CA 92629

    • Price: $1,595,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: PW20030091
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.02
    Acres
    3,731
    SQFT
    $427
    $/SQFT
    1977
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    We are pleased to offer 33346 Cheltam Way, a property comprised of 3 individually parceled condominiums, located in one of the most desirable rental locations in the quaint seaside city of Dana Point. Situated atop the rim of a canyon, the subject property offers sweeping views from two of the units. The two townhome-style units provide residents with oversized private yards, while the 3-bedroom/2-bathroom unit includes a large patio deck. All units have a double-car garage (2 units with direct-access), fireplaces, and washer/dryer hookups. Cheltam Way is located in close proximity to the harbor (which is approved for a $330 million renovation), and the newly upgraded Lantern District with fresh dining, shopping and entertainment options and numerous parks and schools. This investment opportunity offers tremendous rental upside for long-term growth with the option to sell off condos individually. This property can be sold separately, or together with 24851 Sherwood Way, Dana Point, which is located around the corner in the same neighborhood.
    Exterior Features

    Garage Spaces 6.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    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 No Common Walls Laundry Features Gas Dryer HookupWasher Hookup Levels Two

    Property Features

    Additional Parcels Description 939-470-64939-470-65 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 2.80 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 900.00 Gross Income 0.00 Gross Multiplier 21.61 Gross Operating Income 71586.00 Gross Scheduled Income 73800.00 Insurance Expense 1492.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3579.00 Maintenance Percent 5.00 Net Operating Income 44944.00 New Construction YN No New Taxes Expense 16125.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 26642.00 Operating Expense Percent 36.10 Other Expense 1750.00 Other Expense Description Utility Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 26642.00 Trash Expense 0.00 Vacancy Allowance 2214 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Damien Breaux of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-23T18:27:10.873. 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 or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
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    Claremont CA, 91711