33372 Cheltam Way
Description
potential exit strategies. Additionally, the asset is not subject to statewide or local rent control, allowing for unrestricted rent growth. With solid fundamentals and clear upside potential, 33372 Cheltam Way represents an excellent value-add opportunity for investors seeking to enhance rents and maximize returns. The motivated seller further strengthens the appeal of this offering, making it a compelling acquisition in one of Southern California’s most sought-after rental markets.
- Listed by Michael Arp • DRE #01488586 • Brokerage DRE #01220368 • Morgan Skenderian • 714 262-8992
- Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian
Property Details for 33372 Cheltam Way
Property Details for 33372 Cheltam Way
| Status | Active |
|---|---|
| MLS # | PW26105826 |
| Days on Market | 24 |
| Pet Policy | - |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income / Condominium |
| Year Built | 1977 |
| County | Orange County |
Location
Building Information for 33372 Cheltam Way
Payment Calculator
$13,131 per month
30 year fixed, 6.36% Interest
$12,931
$200
$0
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1Property Information for 33372 Cheltam Way
- Gross Income: $127,200
- Gross Scheduled Income: $127,200
- Vacancy Allowance: 3816
- Vacancy Allowance Rate: 3
- Gross Operating Income: $123,384
- Net Operating Income: $78,909
- Gross Multiplier: 20.4
- Cap Rate: 3.0
- Operating Expense: $44,475
- Operating Expense Percent: 35.00%
- New Taxes Expense: $30,441
- Gardener Expense: $800
- Fuel Expense: $1,050
- Licenses Expense: $500
- Electric Expense: $1,050
- Insurance Expense: $4,832
- Maintenance Expense: $3,702
- Maintenance Percent: 3.00%
- Trash Expense: $1,050
- Water Sewer Expense: $1,050
- Total Expenses: $44,475
- Tax Tract Number: 0
- CFD/Mello-Roos Fee: $1,068
- Tax Lot: 2
- Community Features: Curbs, Biking, Dog Park, Sidewalks
- Interior Features: Balcony, Ceiling Fan(s)
- Laundry: Yes
- Laundry Features: Electric Dryer Hookup, Washer Hookup
- Entry Location: Street
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Additional Parcels Description: 93947091,93947092,93947093
- Lot Features: Lot 10000-19999 Sqft
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Uncovered Spaces: 4
- Open Other Spaces Total: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,500
- Unit Type Total Rent: $5,000
- Unit Type Pro Forma: 3495
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,024
- Unit Type Total Rent: $6,048
- Unit Type Pro Forma: 3995
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 33372 Cheltam Way
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| May 15, 2026 | Listed (Active) CRMLS #PW26105826 | $2,595,000 | — |
| May 14, 2026 | Listed (Active) CLAW #PW26105826MR | $2,595,000 | — |
| May 14, 2026 | Listed (Active) SDMLS #PW26105826 | $2,595,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 05/15/2026 | Listed (Active) CRMLS #PW26105826 | $2,595,000 |
| 05/14/2026 | Listed (Active) CLAW #PW26105826MR | $2,595,000 |
| 05/14/2026 | Listed (Active) SDMLS #PW26105826 | $2,595,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 33372 Cheltam Way
Schools near 33372 Cheltam Way
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 6 |
Rating | School | Distance |
|---|---|---|
Del Obispo Elementary School PublicK to 5 | ||
Marco Forster Middle School Public6 to 8 | ||
Dana Hills High School Public9 to 12 | ||
Richard Henry Dana Exceptional Needs School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Morgan Skenderian, Michael Arp, DRE #01488586; Morgan Skenderian, Rick Applebaum, DRE #01273871
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.