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35087 Beach Rd Dana Point 35087 Beach Rd 2 Unit Apartment Building $4,995,000 ($2,497,500/Unit) 5.01% Cap Rate Dana Point, CA 92624

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INVESTMENT HIGHLIGHTS

  • Rare oceanfront with direct beach access to the sand
  • 24-hour guard gated community of Beach Rd
  • Large 7,841 SF lot with redevelopment potential to add significantly to the square footage.
  • Panoramic ocean views
  • Great rental history, currently holds a short-term rental permit from City of Dana Point

EXECUTIVE SUMMARY

Extremely rare oceanfront ownership in the private guard gated Capistrano Bay District community on Beach Rd. in Dana Point. This two-unit 6 bed 4 bath property (Unit A downstairs is a 4 bed/2 bath and Unit B Upstairs is a 2 bed/2bath) has direct access to the beach and sits on one of the larger lots on Beach Rd. at 7,841 SF with 39' of beachfront and over 200' of depth offering tremendous redevelopment potential. As-is the property has a strong rental history with many return visitors. The property has a covered carport and 2 additional reserved spots across the drive. LIVE IN ONE AND RENT THE OTHER!

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $300,000 $127.44
Other Income - -
Vacancy Loss - -
Effective Gross Income $300,000 $127.44
Taxes $40,000 $16.99
Operating Expenses $10,000 $4.25
Total Expenses $50,000 $21.24
Net Operating Income $250,000 $106.20

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income
Annual $300,000
Annual Per SF $127.44
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $300,000
Annual Per SF $127.44
Taxes
Annual $40,000
Annual Per SF $16.99
Operating Expenses
Annual $10,000
Annual Per SF $4.25
Total Expenses
Annual $50,000
Annual Per SF $21.24
Net Operating Income
Annual $250,000
Annual Per SF $106.20

PROPERTY FACTS

Price $4,995,000
Price Per Unit $2,497,500
Sale Type Investment
Cap Rate 5.01%
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.18 AC
Building Size 2,354 SF
No. Stories 2
Year Built/Renovated 1949/2007
Parking Ratio 1.7/1,000 SF

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Washer/Dryer
  • Ceiling Fans
  • Views
  • Deck
  • Patio

SITE AMENITIES

  • Laundry Facilities
  • Furnished Units Available
  • Bicycle Storage

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+2 1 $13,000 1,400
2+2 1 $10,000 954

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
691-141-12
Land Assessment
$3,730,785 (2025)
Improvements Assessment
$311,437 (2025)
Total Assessment
$4,042,222 (2025)
Annual Taxes
$40,000 ($16.99/SF)
Tax Year
2024
  • Listing ID: 29147739

  • Date on Market: 7/31/2023

  • Last Updated:

  • Address: 35087 Beach Rd, Dana Point, CA 92624

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