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34202 Pacific Coast

Dana Point, CA 92629
  • $1,995,000
  • STATUS: Active Under Contract
  • ON SITE: 14 Days
  • ID#: PW22172179
Under Contract
UPDATED: 43 min ago
$1,995,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Damien Breaux of Morgan Skenderian (949-251-8800)


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:

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/131691360
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34202 Pacific Coast Dana Point, CA 92629

  • Price: $1,995,000
  • Status: Active Under Contract
  • On Site: 14 Days
  • Updated: 43 min ago
  • ID#: PW22172179
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1962
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
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:
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 6 Open Parking Spaces 4 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsSidewalks Electric Expense 766 Fuel Expense 766 Garage YN Yes Gross Income 63660 Gross Scheduled Income 63660 Insurance Expense 1584 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing Loan Net Operating Income 30572 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 31178 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 20165 Trash Expense 766 Vacancy Allowance 1909 Vacancy Allowance Rate 3 Water Sewer Expense 766 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Damien Breaux of Morgan Skenderian (949-251-8800)