24651 Cordova Dr, Dana Point, CA 92629

Property Description

Great investment opportunity based on location and the very large square footage of each unit. Two large bedrooms plus a den (could easily be converted to a 3rd bedroom) and two full baths including a bath attached to the master. Nice sized dining area and an extremely large living room with a fireplace. Both units have an excellent tree top view and the top unit has a very small peak-a-boo view of blue water. The top and bottom units are mirror images of each other. Inside laundry area off the hallway.
 The long term owner has maintained the property very well including all new plumbing through out the building in May of this year, new roof & deck railings plus rain gutters in 2011, resurfaced decks in 2013, new stairs in 2014, new shower in unit A in 2014, new garage doors and repaired stucco cracks in 2015 and a new wood floor in unit A's 2nd bedroom. The owner does not believe in deferred maintenance. 3 car garage and 3 additional parking spaces on the driveway. Based on square footage and the possible conversion of the den into a 3rd bedroom, the current rents are very low. The last rent increase was January 2015. Operating expenses include the new estimated property tax at a sell price of $925,000. Asking price is based on a recent appraisal.