33771 Copper Lantern Street

Dana Point, CA 92629

$1,995,000
Price
4
Beds
4
Baths
2,190 Sq. Ft.
$911 / Sq. Ft.
2,190
Sq. Ft.
$911
per Sq. Ft.

Description

Pleased to present 33771 Copper Lantern, a meticulously crafted triplex, situated in a prime location of Dana Point, CA. Where coastal living meets modern elegance, the subject property offers an exceptional investment opportunity comprised of (1) 2-bedroom/2-bath unit and (2) 1-bedroom/1-bath units, each boasting breathtaking ocean views. Each unit has undergone a complete transformation with high-end finishes and modern design elements, ensuring a seamless blend of sophistication and comfort. Residents...Pleased to present 33771 Copper Lantern, a meticulously crafted triplex, situated in a prime location of Dana Point, CA. Where coastal living meets modern elegance, the subject property offers an exceptional investment opportunity comprised of (1) 2-bedroom/2-bath unit and (2) 1-bedroom/1-bath units, each boasting breathtaking ocean views. Each unit has undergone a complete transformation with high-end finishes and modern design elements, ensuring a seamless blend of sophistication and comfort. Residents can savor the coastal lifestyle in serene outdoor spaces, whether enjoying morning coffee on private balconies or hosting gatherings on the communal patio. Thoughtful landscaping enhances the overall appeal of the property. Don't miss the chance to own this turnkey triplex at 33771 Copper Lantern. Experience the epitome of coastal living with modern luxury, breathtaking ocean views, and timeless charm.
  1. Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian • rma@morganskenderian.com
  2. Listed by Paul Espinosa • DRE #01942627 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 33771 Copper Lantern Street

View
Ocean
Parking Spaces Total
5
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2190
Assessor Parcel Number
682-265-28

Location

Listing Courtesy of Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627
Add your commute
LISTING UPDATED: 03/07/2024 10:57 PM

Property Details for 33771 Copper Lantern Street

StatusActive
MLS #PW24046734
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.09 AC / 4,061 SF
CountyOrange County

Location

Listing Courtesy of Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627
Add your commute

Building Information for 33771 Copper Lantern Street

Stories2Residences-Year Built1973Building Size-Lot Size0.09 AC / 4,061 SF

Payment Calculator

$12,611 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$1,723

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 33771 Copper Lantern Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $600
  • Gross Scheduled Income: $107,400
  • Vacancy Allowance: 3222
  • Gross Operating Income: $104,178
  • Net Operating Income: $74,451
  • Laundry Income: $600
  • Gross Multiplier: 18.58
  • Cap Rate: 3.73
Expense Details
  • Operating Expense: $29,727
  • New Taxes Expense: $22,393
  • Gardener Expense: $600
  • Fuel Expense: $444
  • Electric Expense: $444
  • Insurance Expense: $1,553
  • Maintenance Expense: $3,125
  • Other Expense: $300
  • Other Expense Description: admin
  • Trash Expense: $444
  • Water Sewer Expense: $444
  • Total Expenses: $29,727
Tax / Assessment Info
  • Tax Rate: 1.01
  • Tax Annual Amount: $20,146
  • Tax Block: 5
  • Tax Tract Number: 857
  • Tax Census Tract: 423.13
  • CFD/Mello-Roos Fee: $2,247
  • Tax Lot: 29
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
Exterior Features
  • Entry Location: 1
  • View Description: Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 3
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,350
  • Unit Type Total Rent: $3,350
  • Unit Type Pro Forma: 3650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 3050
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 3050
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • 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 33771 Copper Lantern Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 33771 Copper Lantern Street

Taxable ValueLand$1,705,476Additions$119,524Total$1,825,000
Tax Record2023$20,676 ($1,723 / month)
Home Facts
Total Finished SqFt2,190 SqFtAbove Grade Finished SqFt2,190 SqFtLot Size4,061 SqFtStyleMulti-Family Res (5+ Units)Year Built1973CountyORANGEAPN682-265-28

Schools near 33771 Copper Lantern Street

This home is within Capistrano Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Richard Henry Dana Elementary School
PublicK to 5

Marco Forster Middle School
Public6 to 8

Dana Hills High School
Public9 to 12

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.

Similar Homes

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33771 Copper Lantern Street is a multi-family home for sale in Dana Point, CA 92629. This property was listed for sale on March 7, 2024 by Morgan Skenderian, it's currently listed at $1,995,000. It has been on the market for a total of 52 days and was last sold on August 22, 2022. This listing's school district is Capistrano Unified School District. Nearby schools include Richard Henry Dana Elementary School, Marco Forster Middle School and Dana Hills High School. 33771 Copper Lantern Street is a 4-bed, 4-bath, 2,190 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627

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.