33372 Cheltam Way, Dana Point, California 92629, Dana Point, 92629 - 0 bed, 0 bath
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Dana Point, California 92629
Analysis of 33372 Cheltam Way, Dana Point, California 92629 is currently available with a list price of $2,595,000. 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.
Property is extensive renovation needed.
Built in 1977 (49 years old) with no mentioned renovations. The listing explicitly labels it a 'value-add opportunity,' indicating the property is in original or dated condition and requires significant rehab to kitchens, baths, and systems to achieve market rents.
Elementary School: John Malcom Elementary School (9/10).
The property is uniquely configured with separate APNs for each of the four units, providing a future owner the rare flexibility to sell units individually as condominiums or maintain the asset as a multi-family portfolio.
Exempt from both statewide and local rent control, this investment allows for immediate and unrestricted rent adjustments to capture full market potential and maximize Net Operating Income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4424, other record living area = 1014.
Built in 1977 and marketed as a value-add opportunity, the property likely requires significant upfront capital expenditure for modernization and deferred maintenance to achieve the projected upside in rents.
With a list price of $2,595,000, the high price-per-unit may result in tighter initial cash flows and lower cap rates until the renovation and repositioning strategy is fully executed.
33372 Cheltam Way presents a rare four-unit investment opportunity in the highly desirable coastal community of Dana Point. Built in 1977, this property offers spacious units, each exceeding 1,000 square feet. The units are thoughtfully designed with tenant comfort in mind, offering washer and dryer hookups, private patios or balconies, and cozy fireplaces. Each residence is also assigned one garage parking space along with an additional open space, adding convenience and value. The property is uniquely configured with separate APNs for each unit, providing a future buyer with flexibility and potential exit strategies. Additionally, the asset is not subject to statewide or local rent control, allowing for unrestricted rent growth. With solid fundamentals and clear upside potential, 33372 Cheltam Way represents an excellent value-add opportunity for investors seeking to enhance rents and maximize returns. The motivated seller further strengthens the appeal of this offering, making it a compelling acquisition in one of Southern California’s most sought-after rental markets.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 4,424 | 1,258 | 98% |
| Lot Size | 13,144 | 3,368 | 56% |
| Price | $2.60M | $1.09M | 94% |
| Price per sq ft | $587 | $906 | 8% |
| Built year | 1977 | 1983 | 18% |
| HOA | $0 | $562 | 6% |
| Days on market | 22 | 140 | 6% |
May 15, 2026
$2,595,000
Initial Listing
May 28, 1993
$465,000
Public Record