33371 Cheltam Way 2, Dana Point, California 92629, Dana Point, 92629 - 3 bed, 2 bath
33371 Cheltam Way 2
Dana Point, California 92629
Property Price
SUMMARY
Analysis of 33371 Cheltam Way 2, Dana Point, California 92629 is currently available with a list price of $850,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Dana Point Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1976, this property is 48 years old and shows significant signs of age and lack of modern updates. The kitchen features extremely dated oak cabinets (partially painted green), old white appliances, laminate countertops, and linoleum flooring, requiring a full renovation. Bathrooms are similarly outdated with basic vanities, fixtures, and lighting. While the description mentions 'maintained,' the interior condition, particularly the kitchen and bathrooms, suggests substantial rehabilitation is needed to bring it to current standards. The 'drive by only, offer subject to interior inspection' clause further implies the interior is not in a presentable or move-in ready condition for most buyers.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: John Malcom Elementary School (9/10).
- No Monthly HOA Fees
A significant financial advantage for a condominium, eliminating a common monthly expense and enhancing affordability.
- Premier Coastal Location
Less than 1 mile from Doheny State Beach and the undergoing renovation Dana Point Harbor, offering strong investment potential and a highly desirable lifestyle.
CONSRISKS & DEFICIENCIES
- Restricted Viewing Access
The 'drive by only, offer subject to interior inspection' condition may deter potential buyers and complicate the showing process, suggesting potential undisclosed issues.
- Original Construction Age
Built in 1976, while described as maintained, the property may feature dated interior elements (e.g., oak cabinets) that could require future cosmetic updates to meet modern preferences.
- On-Site Competition
The simultaneous listing of two other units in the same building could create buyer competition and potentially impact market value or sales timeline for this specific unit.
About 33371 Cheltam Way 2
BEAUTIFUL MAINTAINED CONDOMINIUM NEAR DANA HILLS HIGH SCHOOL. UNIT INCLUDES 2 BEDROOMS + DEN ( USED AS A THIRD BEDROOM), LIVING ROOM WITH WOOD BURNING FIREPLACE, LARGE KITCHEN AREA AND WITH SEPARATE EATING AREA AND INSIDE LAUNDRY HOOKUPS. UNIT HAS A LARGE PRIVATE PATIO AREA(APPROX. 18X54)THAT SEPARATES THE MAIN UNIT FROM 2 CAR GARAGE WHICH ALLOWS DIRECT ACCESS FROM GARAGE THRU PATIO TO UNIT. OAK CABINETS AND APPROXIMATELY 1320 SQ FT., AND LESS THAN 1 MILE TO DOHENY STATE BEACH AND DANA POINT HARBOR WHICH IS UNDERGOING MAJOR RENOVATION, MAKES THIS UNIT A GREAT INVESTMENT. OTHER TWO UNITS IN BUILDING ARE FOR SALE ALSO, WAS ORIGINALLY A TRIPLEX BUT YEARS AGO A SUBDIVISION MAP WAS FILED AND APPROVED AND EACH UNIT IS AN INDIVIDUAL CONDOMINIUM WITH ITS OWN AP#, CITY AND COUNTY SAYS THERE READY TO BE SOLD AS INDIVIDUAL CONDOS. MORE SQUARE FOOTAGE, LARGER LOT, AND 2+ EXTRA PARKING SPACES BEHIND THE 2 CAR GARAGE, MAKE THIS A FANTASTIC OPPORTUNITY, AND BEST OF ALL THERE IS NO MONTHLY HOA FEE!! MAKE OFFER SUBJECT TO INTERIOR INSPECTION, DRIVE BY ONLY!!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- 2,733 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Dana Point Unified Schools
Richard Henry Dana Elementary School
Grades K-5 • 0.9 mi
Del Obispo Elementary School
Grades K-5 • 1.1 mi
John Malcom Elementary School
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,320 | 1,320 | 50% |
| Lot Size | 2,733 | 1,400 | 57% |
| Price | $850.0K | $1.10M | 39% |
| Price per sq ft | $644 | $815 | 10% |
| Built year | 1976 | 1983 | 16% |
| HOA | $0 | $590 | 4% |
| Days on market | 730 | 183 | 0% |
Pricing History
Listed for Sale
Mar 7, 2024
$850,000
Initial Listing