Colleen Pestana
Realty Intelligence
Dana Point, California
CA DRE#01372068
Phone: 949-632-6503
Fax: 949-347-2576

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Listing 6 out of 300
Sold for $1,450,000 Sold

33621 Blue Lantern Street
Dana Point, CA 92629

2 units | Multi Family Home
7405 sq ft lot - MLS# OC19110343
Property Photo

Sold

Sold for $1,450,000 on Jul 8, 2019

Description

Catch the wave of Dana Point City and Marina redevelopment. Future values should go through the ceiling when completed! Looking for a new home plus rental income? Each unit is a mirror image of the other and ideal for a large family or extended family compound. They have dual master bedrooms and a large third bedroom with bathroom off the main hallway. The living rooms are extra large with fireplaces and wood laminate flooring. Both units are in very good condition with upgrades throughout. Each has its own private and oversized rear yards plus a private roof top balcony for the upper unit and an outside patio area for the lower unit. Full 2 car garages plus front driveway for extra parking. Located in the popular Lantern district and walking distance to Marco Forster Elementary and Dana Hills High School. Each unit is on a month to month tenancy. Hurry on this one! Owner may bundle sale on other two Dana Point properties located at 33391 Cheltam Triplex and 34222 Camino Capistrano 4 unit for a total of 9 units combined.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,500,000
  • Zip Code: 92629
  • Year Built: 1977
  • Subdivision/Neighborhood: Other
  • Style: Contemporary
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 4.00
  • Fireplace: Living Room, Yes
  • Lot Size: 7405 sq ft lot
  • Accessibility: Parking
  • View: Neighborhood, Yes
  • Area: LT - Lantern Village
  • Appliances: Dishwasher, Gas Oven, Gas Water Heater, Water Heater
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3668.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.20
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks
  • Construction Materials: Drywall Walls, Frame, Stucco
  • Country: US
  • Directions: Between Stonehill and Selva
  • Electric: Standard
  • Fence YN: Yes
  • Fencing: Good Condition
  • Flooring: Laminate, Tile, Wood
  • Foundation Details: Raised
  • Garage Spaces: 2.00
  • Gross Multiplier: 18.00
  • Gross Scheduled Income: 79200.00
  • Heating: Central, Forced Air
  • Heating YN: Yes
  • Insurance Expense: 1929.00
  • Interior Features: Balcony, High Ceilings, Living Room Balcony, Recessed Lighting, Stone Counters
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Closet, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 00767891
  • Listing Office License: 00767891
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Yard
  • Lot Size Area: 7405.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 500.00
  • Net Operating Income: 61771.00
  • New Taxes Expense: 15000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 17429.00
  • Other Structures: Storage
  • Property Attached YN: Yes
  • Property Condition: Additions/Alterations, Building Permit, Turnkey, Updated/Remodeled
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Roof: Flat
  • Room Type: Center Hall, Entry, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Master Bathroom, Two Masters
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Selling Agent: Edwin Wright
  • Selling Agent License: 00767891
  • Selling Office: Platinum Edge Real Estate
  • Selling Office License: 00767891
  • Sewer: Sewer Paid
  • Stories Total: 2
  • Total Actual Rent: 6600.00
  • Total Expenses: 17429.00
  • Uncovered Spaces: 2.00
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Water Source: Private
  • Year Built Source: Assessor
  • Sold Date: 2019-07-08
  • Sold Price: 1450000.00
Courtesy of Platinum Edge Real Estate, Edwin Wright

Colleen Pestana, Realtor®
Realty Intelligence

2901 W Coast Hwy., Suite 350
Newport Beach, CA 92663
Phone: 949-632-6503
Fax: 949-347-2576
BRE# 01372068

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