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Dana Point 4-Plex 33372 Cheltam Way 4 Unit Apartment Building $2,595,000 ($648,750/Unit) 3.04% Cap Rate Dana Point, CA 92629
Investment Highlights
- Built in 1977
- All Units Over ±1,000 SF
- W/D Hookup, Patios, Balconies, Fireplaces, Canyon Views
- 10 Year Interest Only Financing Available
- Each Unit has Separate APNs - Not Subject to Statewide or Local Rent Control
- (1) Garage & (1) Open Space Per Unit
Executive Summary
Presenting an exceptional investment opportunity in the coveted Dana Point area, this impressive property features a 4,424 SF building with 4 units, offering ample space for multifamily and high-rise investors seeking a lucrative addition to their portfolio. Each unit is thoughtfully designed to provide comfortable living environments, while the well-maintained building exudes timeless appeal. With a prime location in the thriving Dana Point area, this property promises a desirable investment opportunity with potential for strong returns. Don't miss the chance to own this remarkable asset that embodies quality, convenience, and investment potential in the sought-after Dana Point location.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$127,200
|
$28.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,816
|
$0.86
|
| Effective Gross Income |
$123,384
|
$27.89
|
| Taxes |
$30,441
|
$6.88
|
| Operating Expenses |
$14,034
|
$3.17
|
| Total Expenses |
$44,475
|
$10.05
|
| Net Operating Income |
$78,909
|
$17.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $127,200 |
| Annual Per SF | $28.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,816 |
| Annual Per SF | $0.86 |
| Effective Gross Income | |
|---|---|
| Annual | $123,384 |
| Annual Per SF | $27.89 |
| Taxes | |
|---|---|
| Annual | $30,441 |
| Annual Per SF | $6.88 |
| Operating Expenses | |
|---|---|
| Annual | $14,034 |
| Annual Per SF | $3.17 |
| Total Expenses | |
|---|---|
| Annual | $44,475 |
| Annual Per SF | $10.05 |
| Net Operating Income | |
|---|---|
| Annual | $78,909 |
| Annual Per SF | $17.84 |
Property Facts
| Price | $2,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $648,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 3.04% | Building Size | 4,424 SF |
| Gross Rent Multiplier | 20.4 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Price | $2,595,000 |
| Price Per Unit | $648,750 |
| Sale Type | Investment |
| Cap Rate | 3.04% |
| Gross Rent Multiplier | 20.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,424 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.81/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $2,650 | 1,014 - 1,198 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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