$1,750,000
$1,995,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
5,174 Sqft Lot
SOLD DATE : 09/02/2022
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22172179
Sold Date 09/02/22
HOA Y/N No
Year Built 1962
Annual Tax Amount $20,165
Lot Size 5,174 Sqft
Property Description
34202 Pacific Coast Highway is a mixed-use property with frontage along the world famous Pacific Coast Highway. Ideally located within minutes of everything that Dana Point has to offer, the property consists of two residential units* and three retail spaces. (*Note: the residential units are currently operated as a combined 3-bedroom house, but can easily be converted back to two separate apartments). Residential tenants enjoy a direct-access 2-car garage, while the retail units have four on-site parking spaces, and street parking. Recent upgrades include new water heaters and electric subpanels in the two residential units. The property has been family owned and operated for over 30 years. Most tenants are also exceptionally long-term, and rents are currently well below market. The residential units and the middle retail space are on month-to-month agreements; the e-bike shop and hair salon are on leases through march 31, 2023. Located in Dana Point's Town Center Plan - adopted to establish a framework of public improvements to support private reinvestment and development - the property is positioned to take advantage of substantial upside in rents. Read more about the Town Center Plan Here:
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Heating Forced Air
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 68229310
Energy Description 766.0
Acceptable Financing Cash to Existing Loan
Listing Terms Cash to Existing Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jay Skenderian • Morgan Skenderian