34262 Via Velez Dana Point, CA 92624
5 Beds
3 Baths
2,078 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,078 sqft
Price per Sqft $1,058
MLS Listing ID OC-25277972
Style Spanish
Bedrooms 5
Full Baths 3
Year Built 1928
Lot Size 6,482 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
This restoration was undertaken with the guiding principle that a home which has stood for 100 years should be prepared to endure for another century. With that mindset, the seller invested extensively in modernizing and reinforcing the property's infrastructure while honoring its historic integrity. Improvements include replacement of electrical systems, plumbing and drains, central heating, retaining walls, and roofing, along with extensive wood restoration and replacement. Original wood-framed windows were carefully restored, as were the hardwood floors, which had seen better days but now reflect their original character and craftsmanship.
The property consists of three fully detached cottages. Unit A is a small one-bedroom, originally a carriage house and converted in the mid-20th century. Unit B is a two-bedroom, one-bath residence featuring multiple private courtyards and hand-carved wood ceilings in the living room. Unit C is a two-bedroom, one-bath home with a spacious entertaining courtyard and an expansive approximately 800-square-foot grass yard. Estimated monthly rental figures support an attractive cap rate: Unit A at $2,750 per month, Unit B at $4,300 per month, and Unit C at $4,600 per month. The property also benefits from Mills Act status, offering a significant reduction in property taxes while incentivizing continued historic preservation.
Location
State CA
County Orange
Area Cb - Capistrano Beach
Interior
Interior Features High Ceilings, Living Room Balcony
Cooling Wall/Window Unit(s)
Fireplaces Type Living Room
Laundry In Closet
Exterior
Pool None
Community Features Sidewalks, Storm Drains
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected, Phone Connected
View Y/N Yes
Building
Lot Description Corner Lot, Landscaped, Lawn, Lot 6500-9999, Rectangular Lot
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944