33572 Blue Lantern Street, Dana Point, CA 92629

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Property Description

33572 Blue Lantern, a charming 4-unit apartment building offering a rare opportunity to invest in one of the most sought-after rental locations within the city. Built in 1971 and situated on a larger lot, offering ample parking space in addition to the (4) garages. The subject property features spacious 2 & 3 bedroom units including 3 of the 4 units being townhouse style layouts. Owned and operated by current ownership for over 50 years, the property has been well-maintained and received many upgrades including newer windows, hot water heater, forced air units, washer & dryer machines and the property was fumigated approximately 1 year ago. Various upgrades to the interiors and a plethora of amenities also enhance their appeal to tenants. With a projected rental upside of ±38%, this multifamily gem presents a promising avenue for significant investment returns


Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Tile, Vinyl
Interior Information
Features Ceiling Fan(s), Stone Counters

Listing Information

Address 33572 Blue Lantern Street
City Dana Point
State CA
Zip 92629
County Orange
Listing Agent Rick Applebaum DRE #01273871
Co-Listing Agent Paul Espinosa DRE #01942627
Courtesy Of Morgan Skenderian
List Price $2,585,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 9,583
Year Built 1971

Listing information courtesy of: Rick Applebaum, Paul Espinosa, Morgan Skenderian. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 5th, 2024 at 2:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.