Property
Listing Agent: Cory Bergamini (DRE #02143616) · Listing Office: COAR Advisors · Contact: 562-528-3115 · Bought with: Ryan Zhou · GoGo Realtors R.H. Corp · MLS #24406727 · Source: CRMLS
Cheltam Apartments offers a prime value-add investment opportunity in the coveted coastal community of Dana Point, CA. Situated on a massive 25,700 square foot lot with ADU potential, this four-unit multifamily property includes two one-bedroom units and two two-bedroom units, all recently renovated with modern amenities. The property's desirable location, combined with below-market current rents, provides substantial upside potential through strategic property enhancements and rent optimization. With 8 surface parking spaces and 4 garages, Cheltam Apartments appeals to a broad tenant base, attracting young professionals, families, and retirees, ensuring robust demand for rental properties.
Listing description from the July 2024 sale, as reported to CRMLS.