24851 Sherwood Way

    Dana Point, CA 92629
    • $1,550,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: PW20030075
    UPDATED: 88 min ago
    $1,550,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,174
      SQFT
    • $488
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    Description

    We are pleased to offer 24851 Sherwood Way, a 3-unit apartment building located in one of the most desirable rental locations in the quaint seaside city of Dana Point. In 2014, Sherwood Way underwent a $200,000 overhaul with completely remodeled interiors and exterior, bringing the building to model home standards. Renovations included: new kitchens with new cabinets and quartz countertops, stainless steel appliances, new porcelain tile flooring, LED lighting, and new bathrooms with new vanities, fixtures and marble sinks. Capital improvements included: new forced air units, new vinyl windows and doors and fresh exterior paint. Sherwood Way offers its tenants on-site laundry, garage parking and a huge back yard for the downstairs unit, all while being in close proximity to the harbor (which is approved for a $330 million renovation), and the newly upgraded Lantern District with fresh dining, shopping and entertainment options and numerous parks and schools. This property can be sold separately, or together with 33346 Cheltam Way, Dana Point, which is located around the corner in the same neighborhood.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-23T00:26:41.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/103097332

    24851 Sherwood Way Dana Point, CA 92629

    • Price: $1,550,000
    • Status: Active
    • Updated: 88 min ago
    • ID#: PW20030075
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,174
    SQFT
    $488
    $/SQFT
    1975
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    We are pleased to offer 24851 Sherwood Way, a 3-unit apartment building located in one of the most desirable rental locations in the quaint seaside city of Dana Point. In 2014, Sherwood Way underwent a $200,000 overhaul with completely remodeled interiors and exterior, bringing the building to model home standards. Renovations included: new kitchens with new cabinets and quartz countertops, stainless steel appliances, new porcelain tile flooring, LED lighting, and new bathrooms with new vanities, fixtures and marble sinks. Capital improvements included: new forced air units, new vinyl windows and doors and fresh exterior paint. Sherwood Way offers its tenants on-site laundry, garage parking and a huge back yard for the downstairs unit, all while being in close proximity to the harbor (which is approved for a $330 million renovation), and the newly upgraded Lantern District with fresh dining, shopping and entertainment options and numerous parks and schools. This property can be sold separately, or together with 33346 Cheltam Way, Dana Point, which is located around the corner in the same neighborhood.
    Exterior Features

    Garage Spaces 3.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Heating Central Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.80 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 900.00 Gross Income 0.00 Gross Multiplier 17.83 Gross Operating Income 84332.00 Gross Scheduled Income 86940.00 Insurance Expense 1270.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3373.00 Maintenance Percent 4.00 Net Operating Income 59149.00 New Construction YN No New Taxes Expense 15670.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 25183.00 Operating Expense Percent 29.00 Other Expense 1620.00 Other Expense Description Utility Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 25183.00 Trash Expense 0.00 Vacancy Allowance 2608 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Rhd

    Listing provided courtesy of Damien Breaux of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-23T00:26:41.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

     
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