33372 Cheltam Way presents a rare four-unit investment opportunity in the highly desirable coastal community of Dana Point. Built in 1977, this property offers spacious units, each exceeding 1,000 square feet. The units are thoughtfully designed with tenant comfort in mind, offering washer and dryer hookups, private patios or balconies, and cozy fireplaces. Each residence is also assigned one garage parking space along with an additional open space, adding convenience and value. The property is uniquely configured with separate APNs for each unit, providing a future buyer with flexibility and
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.
39 days
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369
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11
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Zillow last checked:
Listing updated:
Listed by:
Michael ArpDRE #01488586714262-8992,
Morgan Skenderian,
Rick ApplebaumDRE #01273871,
Morgan Skenderian
Source: CRMLS,MLS#: PW26105826Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 8
Appliances
Laundry: Washer Hookup, Electric Dryer Hookup
Features
Balcony, Ceiling Fan(s)
Common walls with other units/homes: No Common Walls
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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