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33472 Cheltam Way Dana Point, CA 92629
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Key Details
Sold Price $2,151,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,752 sqft
Price per Sqft $573
MLS Listing ID 24-406727
Sold Date 07/18/24
Bedrooms 6
Year Built 1976
Lot Size 0.590 Acres
Acres 0.59
Property Description
Cheltam Apartments offers a prime value-add investment opportunity in the coveted coastal community of Dana Point, CA. Situated on a massive 25,700 square foot lot with ADU potential, this four-unit multifamily property includes two one-bedroom units and two two-bedroom units, all recently renovated with modern amenities. The property's desirable location, combined with below-market current rents, provides substantial upside potential through strategic property enhancements and rent optimization. With 8 surface parking spaces and 4 garages, Cheltam Apartments appeals to a broad tenant base, attracting young professionals, families, and retirees, ensuring robust demand for rental properties.
Location
State CA
County Orange
Area Dana Hills
Rooms
Other Rooms None
Interior
Heating Radiant
Cooling None
Equipment Refrigerator, Range/Oven
Exterior
Parking Features Garage - 4+ Car, Private Garage, Parking Space
Garage Spaces 12.0
Building
Story 2
Level or Stories Two
Schools
School District Capistrano Unified
Others
Special Listing Condition Standard
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Bought with GoGo Realtors R.H. Corp