33741 Olinda Drive, Dana Point, CA 92629

$3,375,000
List Price
$3,375,000
Status
ACTIVE
MLS#
LG21048684
Year Built
1972
Lot Size
6,077
Acres
0.14
Lot Location
Item2125UnitsAcre
Days on Market
82
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Three Or More Levels
Neighborhood
Other (Othr)

Property Description

This rare 6-unit trophy property in charming Dana Point underwent roughly $200,000 worth of exterior and interior renovations in 2018. Located near downtown, the property is surrounded by substantial development within the city, which is creating jobs and increased tourism. With two 1-bed/1-bath and four 2-bed/2-bath apartments, plus eight garage spaces, this property is a perfect fit for Dana Point's strong rental market. Tenants pay their own gas and electricity, and a RUBS program has been implemented to help cover water, sewer, and garbage costs. Seller just applied a reflective coating to the roof in November 2020 to help reduce utility costs. This building is turn-key with great tenants - truly a set-it-and-forget-it investment for the long-term. All details provided deemed accurate but not guaranteed, Buyer to verify. See virtual tour link for aerial video.

Additional Information

Appliances
Dishwasher, Electric Range, Microwave
Pool Description
None
Cooling
Yes
Cooling Description
Central Air, Electric
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public
Number Of Units Total
6
Gross Scheduled Income
$153,540
Operating Expense
46484

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Nicholas Brunson from Nick Brunson, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.