Listed by BAC Real Estate Group, Inc.
$4,995,000
35087 Beach Road
Details
APN 69114112
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,354
Units 2
Cap Rate 5.01%
NOI $250,000
Pro-Forma Cap Rate 5.01%
Pro-Forma NOI $250,000
Price per SqFt $2,122
Broker Co-Op Yes
Year Built 1958
Year Renovated 2007
Buildings 1
Stories 2
Acreage 0.180
Zoning Estimated
Parking Spaces 4 spaces
Parking Per SqFt 1.70
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Oceanfront with private access to the sand
Marketing description
Rare oceanfront property with direct beach access in the guard gated community of Beach Road in Dana Point. 6 bed 4 bath 2,354 square foot two units consisting of a 4 bed 2 bath and 2 bed, 2 bath home on one of the larger lots on the road of 7,841 sq.ft. with 39' of beachfront and over 200' of depth. In 2007 the owners took this home down to the studs and starting over from the copper plumbing all the way to a new roof and everything in between. Just down the beach from Dana Point Harbor which is going through a grand revitalization project. Panoramic ocean views, great rental history, currently holds short-term rental permits from the City of Dana Point.
Investment highlights
Rare oceanfront with direct beach access to sand
Panoramic ocean views
24-hour guard gated Capistrano Bay District Community on Beach Rd.
Great rental history, currently holds a short-term rental permit from the City of Dana Point
Large 7,841 sq.ft. lot with redevelopment potential to add significantly to the square footage.
Listing Contacts
Listed by BAC Real Estate Group, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$250,000.00
$20,833.33/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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