34081 El Encanto Ave B, Dana Point, CA 92629

Property Description

PRICE REDUCTION!!! RARE 4 plex located close to the Beach, Ocean and Downtown Dana Point. This 4 unit multifamily home is in the Lantern district of Dana Point. Each unit is separately metered. Very large units with a Cap Rate of 3.47%. This is a value add opportunity. Just 5 buildings up from PCH and a short distance to Doheny State Beach & Dana Point Harbor & Restaurants. Units have been upgraded/remodeled with vinyl wood flooring throughout, Quartz countertops in the kitchen & each bathroom and new tub & tile to the ceiling in the shower/tub area in the upper units. Three units come with a refrigerator, stove, dishwasher and microwave. Smaller unit has full kitchen refrigerator, stove and microwave. There are ceiling fans in each unit. A single car garage for each unit with new rollup garage door and new garage door opener with remote control. Additional parking in front of each garage for off street parking. Smaller unit has an assigned parking area in the back of the building. Three units have a living/family room, dining area and kitchen and one upper unit has a full balcony and one of the lower unit has an attached patio. Convenient community laundry located in the back of the building & a soft water unit has been installed that services all the units. This building has been well maintained and shows pride of ownership. Termite Clearance completed. Turn key...Don't miss this one.