About 33572 Blue Lantern Street
33572 Blue Lantern, a charming 4-unit apartment building offering a rare opportunity to invest in one of the most sought-after rental locations within the city. Built in 1971 and situated on a larger lot, offering ample parking space in addition to the (4) garages. The subject property features spacious 2 & 3 bedroom units including 3 of the 4 units being townhouse style layouts. Owned and operated by current ownership for over 50 years, the property has been well-maintained and received many upgrades including newer windows, hot water heater, forced air units, washer & dryer machines and the property was fumigated approximately 1 year ago. Various upgrades to the interiors and a plethora of amenities also enhance their appeal to tenants. With a projected rental upside of ±38%, this multifamily gem presents a promising avenue for significant investment returns
Features of 33572 Blue Lantern Street
| MLS® # | PW24227021 |
|---|---|
| Price | $2,585,000 |
| Bedrooms | 9 |
| Bathrooms | 6.00 |
| Acres | 0.22 |
| Year Built | 1971 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 33572 Blue Lantern Street |
|---|---|
| Area | DH - Dana Hills |
| Subdivision | Unknown |
| City | Dana Point |
| County | Orange |
| Zip Code | 92629 |
Amenities
| Parking Spaces | 12 |
|---|---|
| # of Garages | 4 |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Tile, Vinyl |
|---|---|
| Interior Features | Ceiling Fan(s), Stone Counters |
| Appliances | Dishwasher, Gas Range, Microwave, Water Heater |
| Heating | Forced Air |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Front Yard, Landscaped, Sprinkler System |
|---|
Additional Information
| Date Listed | November 4th, 2024 |
|---|---|
| Days on Market | 29 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Leased Land | Fee |
| Senior Community | No |
Listing Details
| Agent | Rick Applebaum |
|---|---|
| Office | Morgan Skenderian |