Skip To Content
    Return to Previous Page

    33855 Olinda Drive

    Dana Point, CA 92629
    • $950,000
    • STATUS: Active Under Contract
    • ON SITE: 220 days
    • ID#: LG20029764
    Under Contract
    $950,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,317
      SQFT
    • $721
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    33853 - 33855 Olinda Drive is located in the highly sought after beachside enclave of Dana Point,California. Located just one mile to the famous Doheny State Beach, Dana Point Harbor, and theLantern District, this spectacular beach-close location provides immediate and walkable access to allthat Dana Point has to offer, including numerous restaurants, retail, and all the local events DohenyBeach and the Dana Harbor is famous for.Extensively remodeled in 2010-2011, the building boasts two units: a 2 bed + office, 1 bath unit, withaccess to 2 enclosed garages; and a 1 bed, 1 bath unit, with access to 1 enclosed garage. Each unit islight and bright, offering private interior laundry, both units have oversized patios, decks, and ampleoutdoor space.Given its premier coastal location and proximity to some of the strongest demographics in OrangeCounty, this property represents a rare opportunity to acquire a value-add asset in the affluent andhighly desirable Dana Point submarket.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T00:27:57.01. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/103090628
    Print Image

    33855 Olinda Drive Dana Point, CA 92629

    • Price: $950,000
    • Status: Active Under Contract
    • ID#: LG20029764
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1,317
    SQFT
    $721
    $/SQFT
    1962
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    LT - Lantern Village
    Property Description
    33853 - 33855 Olinda Drive is located in the highly sought after beachside enclave of Dana Point,California. Located just one mile to the famous Doheny State Beach, Dana Point Harbor, and theLantern District, this spectacular beach-close location provides immediate and walkable access to allthat Dana Point has to offer, including numerous restaurants, retail, and all the local events DohenyBeach and the Dana Harbor is famous for.Extensively remodeled in 2010-2011, the building boasts two units: a 2 bed + office, 1 bath unit, withaccess to 2 enclosed garages; and a 1 bed, 1 bath unit, with access to 1 enclosed garage. Each unit islight and bright, offering private interior laundry, both units have oversized patios, decks, and ampleoutdoor space.Given its premier coastal location and proximity to some of the strongest demographics in OrangeCounty, this property represents a rare opportunity to acquire a value-add asset in the affluent andhighly desirable Dana Point submarket.
    Exterior Features

    Construction Materials Stucco Garage Spaces 3.00 Lot Features Sprinkler SystemUtilities - Overhead Lot Size Units Square Feet Parking Features GarageGarage Faces FrontGarage - Single Door Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Flat

    Interior Features

    Appliances DishwasherGas OvenGas RangeGas Water HeaterMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 500 Average1 Bed Area Units Square Feet Average2 Bed Area 817 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Door Features Sliding Doors Flooring BambooLaminateTileWood Heating Wall Furnace Heating YN Yes Interior Features BalconyCeiling Fan(S)Granite CountersOpen FloorplanStone CountersStorage Laundry Features Inside Levels Three Or More

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.10 Community Features BikingCurbsFishingHikingGuttersParkWatersportsSidewalks Country Us Electric Standard Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 47100.00 Gross Multiplier 21.34 Gross Operating Income 45687.00 Gross Scheduled Income 47100.00 Insurance Expense 1300.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 29761.00 New Construction YN No New Taxes Expense 10725.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Number With Patio 2 Number With Range 2 Operating Expense 15926.00 Other Expense 800.00 Other Expense Description Reserves Property Condition Updated/Remodeled Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Lanter Village Tenant Pays Cable TvElectricityGas Total Actual Rent 47100.00 Total Expenses 15926.00 Trash Expense 720.00 Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Vacancy Allowance 1413 Walk Score 81 Water Sewer Expense 600.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Donald Pearson of Berkshire Hathaway Homeservice


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T00:27:57.01. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364009248-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364009248-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364009248-1.jpg
    Logo
    Legacy 15 Real Estate Brokers
    22521 Avenida Empresa Suites 100 & 102
    Rancho Santa Margarita CA, 92688