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34381 Dana Strand Rd 4 Unit Apartment Building $11,995,000 ($2,998,750/Unit) 3.38% Cap Rate Dana Point, CA 92629
INVESTMENT HIGHLIGHTS
- Extremely rare ocean and beach front location situated right on Dana Point Headlands and Surrounded by Dana Pt. Conservation area.
- Three spacious 3 bedroom 2 bathroom ocean view homes + one 3 bedroom 3 bathroom townhouse style unit.(Units 1 & 2 Renovated 2024-2025)
- Rents are projected for furnished rentals $13- $15K+ per month, per unit
- Spectacular coastline views over Strands Beach to Palos Verdes and beyond. Sunset views over Catalina and San Clemente Islands.
- 6 Garages and 5 additional off street parking spaces
- Possible condo conversion.
EXECUTIVE SUMMARY
Without doubt one of the best ocean front locations in Southern California. This is an extremely rare opportunity to own a landmark bluff top, beach front compound situated right on Dana Point Headlands. This offering includes four spacious three bedroom ocean view homes. Perched on the bluff with land sweeping down to the sand, the views are truly spectacular. You can see and hear the crashing surf and watch amazing sunsets over Catalina Island. The amazing view encompasses all of Strands Beach to the Ritz Carlton and the coastline north to Palos Verdes and beyond. Directly opposite the entry to the property is the beautiful Dana Point Headlands Conservation area which protects a variety of habitats and offers miles of spectacular walking trails. The property comes with six garages plus 5 additional off street parking spaces. Please note rents are pro forma based on monthly furnished estimates. ( Major Price Reduction: Reduced by over $1.5M ).
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$600,000
|
$119.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$600,000
|
$119.98
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $119.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $119.98 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $11,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $2,998,750 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 3.38% | Building Size | 5,001 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.2/1,000 SF |
| Zoning | RM - Coastal/ Lot . Oceanfront. | ||
| Price | $11,995,000 |
| Price Per Unit | $2,998,750 |
| Sale Type | Investment |
| Cap Rate | 3.38% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.19 AC |
| Building Size | 5,001 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2025 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | RM - Coastal/ Lot . Oceanfront. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Heating
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Tub/Shower
- Deck
- Double Pane Windows
- Garden
SITE AMENITIES
- Fenced Lot
- Waterfront
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | $47,500 | 1,100 - 1,300 |
| 3+3 | 1 | $16,000 | 1,700 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $294,197 | |
| Land Assessment | $2,955,874 | Total Assessment | $3,250,071 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,955,874
Improvements Assessment
$294,197
Total Assessment
$3,250,071
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34381 Dana Strand Rd
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