Dana Point, CA 92624 35322 Camino Capistrano
$9,995,500
32 more
Presented By: Craig Delahooke with Berkshire Hathaway HomeServices California Properties; 949-355-9710
Baths • 1
SQFT • 11,659
Garage • 7
Home Details
Incredible Investment Opportunity! The Palisades Apartments are comprised of 15 units in cottage-style clusters and sits on an acre of prime real estate perched along the coastal blufftops between the luxurious revitalized Dana Point Harbor and the San Clemente Pier. These well-maintained single-story units offer stable income and feature a mix of one and two bedroom units with private patios. Tenants enjoy substantial parking with a blend of carports with storage cabinets, garages and perimeter parking. Some units include interior W&D systems and there is also a community on-site laundry room. The owner made a significant investment by just completing construction of a new electric service line with new individual meters and sub-panels. This beautiful coastal community is centrally located to multiple transit systems including the 5 FWY, Pacific Coast Hwy, Amtrak & Metrolink Trains, the Dana Point & San Clemente trolly systems and local parks and award-winning schools.
Presented By: Craig Delahooke with Berkshire Hathaway HomeServices California Properties; 949-355-9710
Interior Features for 35322 Camino Capistrano
Other Interior Features
Air Conditioning Y/NNo
Common Walls1 Common Wall, No One Below
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Storage, Unfurnished, All Bedrooms Down
Laundry FeaturesCommon Area, Laundry Room
Total Stories1
Window FeaturesBlinds
Other Rooms
Entry Level1
General for 35322 Camino Capistrano
AccessibilityNo Stairs
Additional Parcels Y/NNo
AppliancesDishwasher, Electric Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater
Architectural StyleTraditional
Building Area UnitsSquare Feet
Carport Spaces15
Carport Y/NYes
CityDana Point
Community FeaturesCurbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Water Sports, Park
Construction MaterialsBlock, Stucco
ContingencySome preliminary research suggests the property contains 14 permitted units and what used to be an office was converted to a studio without a permit. The Seller is not aware of this.
CoolingNone
CountyOrange
Current FinancingOther
DirectionsFrom the 5 FWY, exit Camino De Estrella and turn right. Turn left on Camino Capistrano.
ElectricElectricity - On Property
Electric Expense1948
Entry Location1
Facing DirectionWest
Fuel Expense
Garage Spaces7
Garage Y/NYes
Gross Income397464
HOANo
HOA Fee$
HeatingRadiant
Insurance Expense10452
Land Lease Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet43124
Lot Size UnitsSquare Feet
MLS AreaCB - Capistrano Beach
MaintenanceExpense9095
Net Operating Income231029
New ConstructionNo
Number Of Units Total15
Number of Units Leased15
Open Parking Spaces4
Operating Expense166435
Other StructuresSecond Garage, Storage, Workshop
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityCAPISTRANO BEACH
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision Name.Palisades Apartments
Tax Lot50
Taxes$113,661
Tenant PaysCable TV, Electricity
Trash Expense4121
ViewBluff, Hills
Water Sewer Expense2868
Waterfront FeaturesAcross the Road from Lake/Ocean, Ocean Side Of Freeway
Year Built1970
Year Built SourceAssessor
Exterior for 35322 Camino Capistrano
Building Area Total11659
Door FeaturesMirrored Closet Door(s), Sliding Doors
FencingBlock, Chain Link, Wood, Wrought Iron
Lot FeaturesLandscaped, Near Park, Near Public Transit, Rectangular Lot, Sprinkler System
Lot Size Acres0.99
Lot Size Area43124
Lot Size SourceAssessor
Number of Buildings5
Number of Separate Electric Meters15
Number of Separate Gas Meters0
Number of Separate Water Meters1
Parking FeaturesAssigned, Concrete, Detached Carport, Door-Single, Driveway, Garage, Garage Faces Rear, Garage Faces Side, Storage
Private PoolNo
SpaNo
Total Parking26
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®