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32661770
32661771

33372 Cheltam Way, Dana Point, CA 92629

KM
CA 01220368
Morgan Skenderian Investment Real Estate Group
RA
CA CA 01273871
Morgan Skenderian Investment Real Estate Group
MA
01488586
Morgan Skenderian
MA
California 01488586
Morgan Skenderian Investment Real Estate Group
PE
CA 01942627
Morgan Skenderian Investment Real Estate Group
Listed by Morgan Skenderian Investment Real Estate Group, Morgan Skenderian
$2,595,000
20 days on market
Updated 18 days ago

33372 Cheltam Way

Details
APN 93947090
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,424
Units 4
Cap Rate 3.04%
NOI $78,909
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.01%
Pro-Forma NOI $129,892
Price per SqFt $587
Year Built 1977
Buildings 1
Stories 2
Acreage 0.302
Zoning Public Rec
Parking Spaces 8 spaces
Parking Per SqFt 1.81
Investment Type Value Add

Condos - Separate APNs | 3.00% CAP | 4 Units

Marketing description

33372 Cheltam Way presents a rare four-unit investment opportunity in the highly desirable coastal community of Dana Point. Built in 1977, this property offers spacious units, each exceeding 1,000 square feet. The units are thoughtfully designed with tenant comfort in mind, offering washer and dryer hookups, private patios or balconies, and cozy fireplaces. Each residence is also assigned one garage parking space along with an additional open space, adding convenience and value. The property is uniquely configured with separate APNs for each unit, providing a future buyer with flexibility and potential exit strategies. Additionally, the asset is not subject to statewide or local rent control, allowing for unrestricted rent growth. With solid fundamentals and clear upside potential, 33372 Cheltam Way represents an excellent value-add opportunity for investors seeking to enhance rents and maximize returns. The motivated seller further strengthens the appeal of this offering, making it a compelling acquisition in one of Southern Californias most sought-after rental markets.

Investment highlights

  • Built in 1977
  • 10 Year Interest Only Financing Available
  • All Units Over 1,000 SF Each
  • Each Unit has Separate APNs - Not Subject to Statewide or Local Rent Control
  • W/D Hookups, Patios, Balconies, Fireplaces, Canyon Views
  • (1) Garage & (1) Open Space Per Unit
  • Added Value Opportunity, Motivated Seller
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Listing Contacts

KM
CA 01220368
Morgan Skenderian Investment Real Estate Group
RA
CA CA 01273871
Morgan Skenderian Investment Real Estate Group
MA
01488586
Morgan Skenderian
MA
California 01488586
Morgan Skenderian Investment Real Estate Group
PE
CA 01942627
Morgan Skenderian Investment Real Estate Group
Listed by Morgan Skenderian Investment Real Estate Group, Morgan Skenderian

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,909.00
$6,575.75/mo

Valuation Metrics

0
DSCR
3.04%
Cap Rate
3.04%
ROI

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Additional Information

Name
Ken Morgan
License
01220368
Name
Rick Applebaum
License
CA 01273871
Brokerage
Morgan Skenderian
Brokerage Phone
9494326954
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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