The Silver Lantern Apartments is prime located and exceptionally rare opportunity to own a mid-size apartment complex in the city of Dana Point which is currently engaged in a major revitalization. Projects such as the Town Center Development and Harbor Revitalization figure to drastically improve values of Real Estate and rental rates. Originally configured to operate as (6) 1BR/1BA's, (1) 2BR/1BA & (5) 2BR/2BA units. Each 2BR/2BA unit is being sub-leased as a Studio and a 1BR/1BA making the building function like 17 units. No modifications have been made to the property but an interior bedroom door has been locked to separate the units. The property contains an onsite laundry facility, carport parking & storage for the tenants. The building is individually metered for Gas & Electric. It' walking distance to the Town Center and Dana Point Harbor and minutes to Doheny State Beach.
Marcus & Millichap, as the exclusive listing agent, is pleased to present 33901 Malaga Drive, an eight-unit multifamily investment property in Dana Point, California. Dana Point is a prestigious coastal community situated between Laguna Beach, San Juan Capistrano, and San Clemente on the beautiful Southern California coastline, halfway between San Diego and Los Angeles. 33901 Malaga Drive consists of four two-bedroom/one-bath units, two one-bedroom/one bath units, and two studios. The Property also features seven one-car garages, four open spaces, a laundry facility, and select units have large private balconies. The Property sits on a 0.18 acre lot, and is less than one mile north of the cliffs overlooking Dana Point Harbor and within immediate distance to retail and regional entertainment centers in one of Southern California's most desirable coastal cities. Additionally, the Property is within close proximity to the Dana Point Pier, Marina, Monarch Beach Golf Links, the Strand at The Headlands.
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$3,388,880Size Upon Req.
Vacant Land with unobstructed views of the ocean, for a Hotel Development or any Commercial within the zoning use, with potential ground floor commercial, or strictly commercial under the Visitor/Recreation Commercial Zoning. Build-able acreage totals 22,686 sq ft. Total acreage totals 55,230 sq ft. Per the zoning code, Hotel, Retail, Office, Commercial, etc are permitted. The site can be development as anything under the Visitor/Recreation Commercial Zoning. In addition, the city has stated (Buyer to Verify) that they are willing to work with a builder/developer to add the unbuild-able acreage behind the ground level property, to the sites F.A.R. (Floor Area Ratio). Thereby increasing the build-able floor plan. Additional APN's that are included in the sale are: 691-411-020; 022; 064; 065. Maximum Height Standard is 31-35 ft and/or 3 stories, refer to Development Standards Link above; Standard F.A.R. is 0.5:1, BUT a maximum F.A.R. of 1.75:1 may be permitted in accordance with Section 9.05.210. Refer to Link above; For the Permitted Uses, refer to Link above. Buyer to complete their investigations. Seller/broker makes no specific representations. A Ground Lease is negotiable.