$2,585,000
33572 Blue Lantern Street Dana Point, CA 92629
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$2,585,000
Est. payment /mo
9 Beds
6 Baths
9,583 Sqft Lot
UPDATED:
11/06/2024 02:54 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24227021
Bedrooms 9
HOA Y/N No
Lot Size 9,583 Sqft
Property Description
33572 Blue Lantern, a charming 4-unit apartment building offering a rare opportunity to invest in one of the most sought-after rental locations within the city. Built in 1971 and situated on a larger lot, offering ample parking space in addition to the (4) garages. The subject property features spacious 2 & 3 bedroom units including 3 of the 4 units being townhouse style layouts. Owned and operated by current ownership for over 50 years, the property has been well-maintained and received many upgrades including newer windows, hot water heater, forced air units, washer & dryer machines and the property was fumigated approximately 1 year ago. Various upgrades to the interiors and a plethora of amenities also enhance their appeal to tenants. With a projected rental upside of 38%, this multifamily gem presents a promising avenue for significant investment returns
33572 Blue Lantern, a charming 4-unit apartment building offering a rare opportunity to invest in one of the most sought-after rental locations within the city. Built in 1971 and situated on a larger lot, offering ample parking space in addition to the (4) garages. The subject property features spacious 2 & 3 bedroom units including 3 of the 4 units being townhouse style layouts. Owned and operated by current ownership for over 50 years, the property has been well-maintained and received many upgrades including newer windows, hot water heater, forced air units, washer & dryer machines and the property was fumigated approximately 1 year ago. Various upgrades to the interiors and a plethora of amenities also enhance their appeal to tenants. With a projected rental upside of 38%, this multifamily gem presents a promising avenue for significant investment returns
33572 Blue Lantern, a charming 4-unit apartment building offering a rare opportunity to invest in one of the most sought-after rental locations within the city. Built in 1971 and situated on a larger lot, offering ample parking space in addition to the (4) garages. The subject property features spacious 2 & 3 bedroom units including 3 of the 4 units being townhouse style layouts. Owned and operated by current ownership for over 50 years, the property has been well-maintained and received many upgrades including newer windows, hot water heater, forced air units, washer & dryer machines and the property was fumigated approximately 1 year ago. Various upgrades to the interiors and a plethora of amenities also enhance their appeal to tenants. With a projected rental upside of 38%, this multifamily gem presents a promising avenue for significant investment returns
Location
State CA
County Orange
Area Oc - Dana Point (92629)
Zoning Assessor
Interior
Appliance Forced Air Unit
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Monthly Total Fees $276
Acceptable Financing Conventional
Space Rent $2,200
Listing Terms Conventional
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Listed by Rick Applebaum • Morgan Skenderian
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878