34202 Pacific Coast, Dana Point, CA 92629

$1,750,000
Sold Price
$1,750,000
List Price
$1,995,000
Closing Date
Sep 02, 2022
Status
CLOSED
MLS#
PW22172179
Year Built
1962
Lot Size
5,173
Acres
0.1188
Lot Location
Item25UnitsAcre
Days on Market
9
Property Type
Multifamily
Stories
Two Levels

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:

Additional Information

Taxes
$20,165
Pool Description
None
Heat
Forced Air
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$63,660
Operating Expense
31178

Listing courtesy of Listing Agent: Damien Breaux (db@morganskenderian.com) from Listing Office: Morgan Skenderian.

Listing sold by Jay Skenderian from Morgan Skenderian

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

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.