33352 Cheltam Way, Dana Point, California 92629, Dana Point, - bed, bath

home-pic
ACTIVE$2,500,000
33352 Cheltam Way, Dana Point, California 92629
0Bed
0Bath
4,488Sqft
12,831Lot
Year Built
1977
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25251526
Home ConditionGood
Features
Good View: Canyon
Deck
ViewCanyon

About this home

Trophy 4-plex in the coveted coastal city of Dana Point with an unbeatable combination of a great VIEW location and an ideal unit makeup. This well-maintained 4-plex consists of two 3-bed/2-bath units and two 2-bed/2-bath units. These units have it all... Each unit has a 1-car garage and 1 additional parking spot, in-unit laundry hookups, private patio/balcony with panoramic mountain and city lights view, hard surface flooring, living rooms with fireplace, modern kitchens with quartz countertops, recessed lights, forced air heating, and individual water heaters. The property has been well-maintained including PEX repipe (approximately 10 years ago), major roof tune-up in January of this year, dual-pane windows and sliders in all units, kitchen and bathroom remodels in 3 of the 4 units, upgraded garage doors, and new exterior lighting throughout. In addition, the balconies all passed inspections and are good for at least 6+ years. Tenants pay part of the water bill based on RUBS (Ratio Utility Billing System), and 2 of the 4 units have long term tenants. The location is minutes to the revitalized Dana Point Harbor, nearby to Dana Hills High School, close to The Ritz-Carlton, Strands and Salt Creek Beaches, the Mission San Juan Capistrano, shopping and the freeway. Investment opportunities with this much value rarely come on the market, and this 4-plex is the prime property you've been waiting for. Don't miss out!

Nearby schools

5/10
Richard Henry Dana Elementary School
Public,K-50.9mi
5/10
Del Obispo Elementary School
Public,K-51.1mi
9/10
John Malcom Elementary School
Public,K-51.3mi
6/10
Marco Forster Middle School
Public,6-81.1mi
8/10
Dana Hills High School
Public,9-120.1mi

Price History

Date
Event
Price
11/01/25
Listing
$2,500,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds00
Baths00
Square foot4,4882,460
86%
Lot Size12,8315,619
86%
Price$2.5M$1.95M
86%
Price per square foot$557$658
14%
Built year19771976
57%
HOA
Days on market4120
14%
Condition Rating
Good

Despite being built in 1977, this property has undergone significant and recent renovations, including PEX repiping (approx. 10 years ago), a major roof tune-up this year, dual-pane windows, and modern kitchen and bathroom remodels in 3 of the 4 units. The images confirm updated kitchens with white shaker cabinets, quartz countertops, recessed lighting, and hard surface flooring throughout. While appliances are white, not stainless steel, the overall condition is move-in ready with well-maintained systems and modern aesthetics in the renovated units, aligning perfectly with a 'Good' rating.
Pros & Cons

Pros

Prime Coastal Location & Views: Unbeatable Dana Point location, minutes from the revitalized harbor, beaches, and high-rated schools, coupled with panoramic mountain and city lights views from each unit's private patio/balcony.
Ideal Unit Mix & Amenities: Consists of two 3-bed/2-bath and two 2-bed/2-bath units, each featuring a 1-car garage, additional parking, in-unit laundry hookups, modern kitchens with quartz countertops, and private outdoor spaces.
Extensive Capital Improvements & Maintenance: Significant recent upgrades including PEX repipe (approx. 10 years ago), major roof tune-up (Jan this year), dual-pane windows/sliders, remodeled kitchens/baths in 3 units, and upgraded exterior lighting, minimizing immediate capital expenditure for a new owner.
Strong Investment Opportunity: A well-maintained 4-plex in a high-demand coastal market, offering individual unit features like garages and in-unit laundry, enhancing tenant appeal and rental income potential.
Tenant-Friendly Utility Billing: Implementation of RUBS (Ratio Utility Billing System) for water bills allows owners to recover a portion of utility costs, improving net operating income and overall profitability.

Cons

Age of Property: Built in 1977, despite significant upgrades, the underlying structure and some systems are still over 45 years old, which could lead to unforeseen maintenance issues in the long term.
Absence of Central Air Conditioning: While forced air heating is present, the description does not mention a cooling system, which could be a significant drawback for tenant comfort during warmer periods in Dana Point.
Limited Common Area Amenities: The property description highlights individual unit features but does not mention any shared amenities such as a pool, gym, or extensive communal green space, which could be a competitive disadvantage for some prospective tenants.

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