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Charles Roe

BRE #01298418
Orange County, California
Coastal & Luxury Home Specialist
949-370-1311
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Listing 8 out of 213
$1,795,000 For Sale

34001 Violet Lantern Street
Dana Point, CA 92629

6 units | Multi Family Home
4356 sq ft - MLS# OC19004922
Property Photo
1/9

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’s 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 studio, one-, and two-bedroom floor plans and offers on-site laundry.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92629
  • Year Built: 1948
  • Units: 6 units
  • Lot Size: 4356 sq ft
  • Area: 699 - Not Defined
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3120.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.63
  • Community Features: Sidewalks, Street Lighting
  • Country: US
  • Directions: Major Cross Streets: Golden Lantern / Pacific Coast Highway
  • Electric Expense: 735.00
  • Fuel Expense: 735.00
  • Gross Income: 99240.00
  • Gross Operating Income: 96299.00
  • Gross Scheduled Income: 99240.00
  • Insurance Expense: 1400.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 01846649
  • Listing Office License: 00530854
  • Lot Features: Landscaped
  • Lot Size Area: 0.1000
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • MLS: CRM
  • Maintenance Expense: 3600.00
  • Net Operating Income: 65021.00
  • New Taxes Expense: 20095.00
  • Number Of Buildings: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Operating Expense: 31278.00
  • Other Expense: 3240.00
  • Other Expense Description: Other
  • Sewer: Public Sewer
  • Total Actual Rent: 8170.00
  • Total Expenses: 31278.00
  • Trash Expense: 735.00
  • Water Sewer Expense: 735.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Marcus & Millichap Re Invest, Kurt Hediger

Charles Roe
Realty ONE Group, Inc

Phone: 949-370-1311
Email: luxuryrhomes@gmail.com
DRE #01298418

Testimonials

Let me start out with this bit of information, this is our thirteenth residential transaction in Southern California. We have dealt with random agents to personal friends in these transactions. These agents have run the gamut of owners of high profile agencies to new agents in smaller brokers. Of all of these, our favorite has been Charles, a random lucky pick in a search for a new agent. His relaxed, easy going manner belies his professionalism. Easy to get a hold of at all hours, listens to clients desires, discovers properties that matches those desires. Couldn't have chosen better. If and when we purchase or sell again, Charles will be our top choice. Very Happy in Our New Home
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