34001 Violet Lantern Street

    Dana Point, CA 92629
    • $1,850,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: OC18247614
    UPDATED: 46 min ago
    $1,850,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,120
      SQFT
    • $593
      $/SQFT
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    34001 Violet Lantern Street is a 6-unit multifamily investment property located in Dana Point, one of the premier coastal housing markets in Southern California. The unique seaside city of Dana Point is in Orange County, halfway between Los Angeles and San Diego. Dana Point is bordered by the cities of Laguna Niguel, Laguna Beach, San Juan Capistrano, San Clemente, and the Pacific Ocean. Just steps from Pacific Coast Highway, 34001 Violet Lantern Street offers residents convenient access to beaches, boutique shops, and renowned restaurants. The property+GGs prime location attracts a wide range of renters. Built between 1946 to 1951, 34001 Violet Lantern Street offers investors the opportunity to capitalize on these strong market trends that should increase rental income by approximately 34 percent. Situated on a 0.10-acre lot, the 3,120 square foot property consists of one- and two-bedroom floor plans and offers on-site laundry.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T17:29:52.37. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88407592

    34001 Violet Lantern Street Dana Point, CA 92629

    • Price: $1,850,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: OC18247614
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,120
    SQFT
    $593
    $/SQFT
    1948
    Built
    Neighborhood:
    Lantern Village South (Lds)
    County:
    Orange
    Area:
    LT - Lantern Village
    Property Description
    34001 Violet Lantern Street is a 6-unit multifamily investment property located in Dana Point, one of the premier coastal housing markets in Southern California. The unique seaside city of Dana Point is in Orange County, halfway between Los Angeles and San Diego. Dana Point is bordered by the cities of Laguna Niguel, Laguna Beach, San Juan Capistrano, San Clemente, and the Pacific Ocean. Just steps from Pacific Coast Highway, 34001 Violet Lantern Street offers residents convenient access to beaches, boutique shops, and renowned restaurants. The property+GGs prime location attracts a wide range of renters. Built between 1946 to 1951, 34001 Violet Lantern Street offers investors the opportunity to capitalize on these strong market trends that should increase rental income by approximately 34 percent. Situated on a 0.10-acre lot, the 3,120 square foot property consists of one- and two-bedroom floor plans and offers on-site laundry.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner LotLandscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 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 Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 735.00 Elevation Units Feet Fuel Expense 735.00 Gross Income 97140.00 Gross Operating Income 94262.00 Gross Scheduled Income 97140.00 Insurance Expense 1400.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3600.00 Net Operating Income 62428.00 New Construction YN No New Taxes Expense 20651.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 6 Operating Expense 31834.00 Other Expense 3240.00 Other Expense Description Other Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Lantern Village South (Lds) Total Actual Rent 7995.00 Total Expenses 31834.00 Trash Expense 735.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 735.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest and Kurt Hediger of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T17:29:52.37. 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. Licensed in the State of California, USA.
     
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