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35322 Camino Capistrano, Dana Point, CA 92624

$9,995,500
: 11,659
SqFt

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List Price: $9,995,500
Status: ACTIVE UNDER CONTRACT
MLS#: LG-26055865
Year Built: 1970
Living Sq. Ft: 11,659
Lot Size: 43,124
Days on Market: 232
Property Type: Multifamily
Style: Traditional
Stories: 1

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Property Description

Incredible Investment Opportunity! The Palisades Apartments are comprised of 15 units in cottage-style clusters and sits on an acre of prime real estate perched along the coastal blufftops between the luxurious revitalized Dana Point Harbor and the San Clemente Pier. These well-maintained single-story units offer stable income and feature a mix of one and two bedroom units with private patios. Tenants enjoy substantial parking with a blend of carports with storage cabinets, garages and perimeter parking. Some units include interior W&D systems and there is also a community on-site laundry room. The owner made a significant investment by just completing construction of a new electric service line with new individual meters and sub-panels. This beautiful coastal community is centrally located to multiple transit systems including the 5 FWY, Pacific Coast Hwy, Amtrak & Metrolink Trains, the Dana Point & San Clemente trolly systems and local parks and award-winning schools.

760-880-8385

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Additional Information

Land Lease Type: Fee
Other Buildings: Storage, Second Garage Detached, Workshop
Appliances: Dishwasher, Vented Exhaust Fan, Electric Range, Range Hood, Water Heater, Disposal
Fireplace Description: None
View: Bluff, Hills
Parking: Other, Garage - Single Door, Garage Faces Side, Garage Faces Rear
Garage Spaces Total: 7