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33371 Cheltam Way 2, Dana Point, California 92629, Dana Point, 92629 - 3 bed, 2 bath

33371 Cheltam Way 2, Dana Point, California 92629 home-pic-0
ACTIVE$850,000
33371 Cheltam Way 2, Dana Point, California 92629
3Beds
2Baths
1,320Sqft
2,733Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: John Malcom Elementary School (9/10).
Top Cons:
Age and Potential for Modernization: Built in 1976, the property, while maintained, may require updates to interior finishes and systems to align with contemporary buyer expectations.

Compared to the nearby listings

Price:$850.0K vs avg $1.08M ($-231,500)34%
Size:1,320 sqft vs avg 1,247 sqft53%
Price/sqft:$644 vs avg $80714%

More Insights

Built in 1976 (49 years old).
Condition: Built in 1976, this condominium shows significant signs of its age. The bathroom features a dated vanity, basic fixtures, and older flooring. Interior images reveal worn carpets and light fixtures that are characteristic of the 1970s/80s. While described as 'maintained,' the property has not undergone a major renovation in recent decades, and its finishes, including the 'oak cabinets' mentioned, are outdated. It is functional but requires substantial cosmetic updates and potentially system upgrades to meet current buyer expectations.
Year Built
1976
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$644
HOA
-
Days on market
-
Sold On
-
MLS number
OC24046594
Home ConditionFair
Features
Patio
ViewCourtyard, Neighborhood

About this home

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!!

Nearby schools

5/10
Richard Henry Dana Elementary School
Public,•K-5•0.9mi
5/10
Del Obispo Elementary School
Public,•K-5•1.1mi
9/10
John Malcom Elementary School
Public,•K-5•1.3mi
6/10
Marco Forster Middle School
Public,•6-8•1.1mi
8/10
Dana Hills High School
Public,•9-12•0.1mi
Condition Rating
Fair
Built in 1976, this condominium shows significant signs of its age. The bathroom features a dated vanity, basic fixtures, and older flooring. Interior images reveal worn carpets and light fixtures that are characteristic of the 1970s/80s. While described as 'maintained,' the property has not undergone a major renovation in recent decades, and its finishes, including the 'oak cabinets' mentioned, are outdated. It is functional but requires substantial cosmetic updates and potentially system upgrades to meet current buyer expectations.
Pros & Cons

Pros

Great Schools: Elementary School: John Malcom Elementary School (9/10).
Exceptional Coastal Proximity & Investment Potential: Located less than 1 mile from Doheny State Beach and the Dana Point Harbor, which is undergoing significant renovation, promising strong future appreciation and lifestyle benefits.
No Monthly Homeowners Association (HOA) Fees: A rare and substantial financial advantage for a condominium, significantly reducing ongoing ownership costs.
Highly-Rated School Proximity: Directly adjacent to Dana Hills High School (rated 8), making it highly attractive for families seeking top-tier education.
Ample Private Outdoor Space & Parking: Features a large private patio (approx. 18x54 ft) and additional parking beyond the 2-car garage, offering uncommon amenities for a condominium.
Flexible Floor Plan: Offers 2 bedrooms plus a den, easily convertible to a third bedroom, providing versatile living arrangements for various household needs.

Cons

Age and Potential for Modernization: Built in 1976, the property, while maintained, may require updates to interior finishes and systems to align with contemporary buyer expectations.
Restricted Pre-Offer Interior Access: The 'drive by only' condition for initial viewing, with offers subject to interior inspection, creates a barrier for potential buyers and could limit interest or lead to conditional offers.
Absence of Formal HOA Structure: While beneficial for cost, the lack of a formal HOA for a former triplex converted to individual condos could present challenges in coordinating shared maintenance, repairs, and dispute resolution among unit owners.

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