$1,850,000
$2,000,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
4,491 Sqft Lot
SOLD DATE : 10/19/2022
Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22143126
Sold Date 10/19/22
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1959
Lot Size 4,491 Sqft
Property Description
Priced to SELL! Fantastic Investment Opportunity! Remodeled Dana Pt. Triplex in historic and highly desirable Lantern Village, short walk to PCH and newly renovated, downtown Dana Pt. with great restaurants, sidewalk cafes, shopping, Harbor/Marina, and world class hotels and beaches. Three "single level" units as follows: "one" 2B/1B; , "two" separate 1/B/1B units. Each unit has its own interior laundry/washer & dryer. All three units have been upgraded with newer windows, doors, cabinets, appliances, flooring, blinds, bathrooms, and vanities. Front unit "A" includes large enclosed private patio great for outdoor living, entertaining, or possibly a pet. Parking is NOT a problem since each unit has its own detached 1-car garage PLUS oversized driveway effectively providing two parking spaces per unit. Lantern Village rentals are always is very high demand and they lease quickly. Very low maintenance building in a prime beach city location represents a tremendous opportunity as Dana Pt. and Harbor/Marina are in the midst of an extensive renovation/modernization. All three Tenants are currently significantly "below" Fair Market rental rates. Motivated Seller.
Location
State CA
County Orange
Area Lt - Lantern Village
Interior
Interior Features Ceiling Fan(s), Crown Molding, Granite Counters, All Bedrooms Down, Bedroom on Main Level
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range, Gas Cooktop, Disposal, Gas Range, Microwave, Water Heater, Dryer, Washer
Laundry Inside, See Remarks, Stacked
Exterior
Garage Door-Single, Garage, On Street, See Remarks
Garage Spaces 3.0
Garage Description 3.0
Fence Brick, Chain Link, Good Condition
Pool None
Community Features Biking, Curbs, Storm Drain(s), Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition,Shingle
Accessibility None
Parking Type Door-Single, Garage, On Street, See Remarks
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 68228126
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Wade Wright • eXp Realty of California Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "