33572 Blue Lantern Street
Dana Point, CA 92629
0.22 acres | #PW24227021
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
Property Details
- Lot DescriptionFrontYard, Landscaped, SprinklerSystem
- InteriorCeilingFans, StoneCounters
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$2,585,000
- MLS #PW24227021
- Property SubtypeQuadruplex
- MLS #PW24227021
- Subdivision, Unknown
- Cost2585000
- Utility SourcePublic
- CountyOrange
- Acres0.22
- Year Built1971
- Stories2
- Parking Spaces4
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Rick Applebaum (#PAPPLRIC)
Listing Office: Morgan Skenderian (#PB8846)
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