MLS® ID: PW19011292
24441 Alta Vista Drive
Dana Point, California, 92629 $1,955,000
Active Under Contract
24441 Alta Vista is located in one of the most desirable rental locations of Dana Point. The property sits atop the rolling hills of Dana Point, overlooking the Lantern District, Town Center and Dana Point Harbor. The spacious living spaces and large lot size offers renters a low density rental environment and quiet neighborhood leading to long term tenants. 3 of the 4 units have received extensive upgrades including vinyl plank flooring, new kitchen cabinets with granite countertops, redone bathrooms and more. These improvements will allow a new owner to significantly increase rents without the major cost of improving units which, not only will improve income but will substantially increase the value of the asset.
This 4-plex features a desirable mix of (1) 2 bedroom/1 bathroom unit, (2) 2 bedroom/1 bathroom townhome style units, and (1) 3 bedroom/2.5 bathroom townhome style unit. Tenants can enjoy the properties large patios and balconies, garage parking and on-site laundry. Dana Point is currently amid a major revitalization of the downtown (Town Center Plan) which is drastically improving shopping, retail, restaurants and more along with massive improvements to the Dana Point Harbor. One of the few cities in Orange County offering long term growth for real estate and rents.
*Majority Townhouse Style Units, *One of the Most Desirable Rental Locations in Dana Point, *Large Units-Avg. *Over 1,000 SQ.FT., 3 Out of 4 Units Renovated, *Major Upside Potential in Rents