35067 beach road, dana point brochure
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35067 Beach Road | Capistrano Beach
Offered at $3,690,000
This amazing, remodeled and rare oceanfront duplex on the sand is the ultimate beach getaway with breathtaking panoramic views of the crashing surf, Catalina Island and city lights up the coastline toward Dana Point Harbor. You’ll be overwhelmed with emotion the second you walk through the Dutch doors of these rare and tastefully appointed oceanfront villas. The exclusive, gate-guarded community of Beach Road offers one of the best locations, beaches and views anywhere in Southern California. The upper and lower units are mirror images of each other at approximately 1,500 square feet each with 3 bedrooms, 2 bathrooms and massive private decks overlooking the Pacific. The 3 rd bedroom is currently being used as an office/den in each unit but could be easily converted.
Great income property with extensive rental history or use one of the units as a second/primary residence with income from the other unit to offset your costs. A large gourmet kitchen with a center island opens to the great room with a glowing fireplace, recessed lighting, built-ins and walls of glass to the ocean-view terrace creating the ultimate indoor/outdoor living experience. The lower unit deck is partially covered. Each bathroom has been tastefully remodeled with vibrant beach colors and tile work. There is a shared 2-car garage with a stainless steel door and plenty of guest parking adjacent to the units. This duplex is in close proximity to world-class restaurants, shopping, Dana Point Harbor, The Ritz-Carlton and St. Regis resorts. There are very few multi-family homes in this great oceanfront community, which creates a rare opportunity to enjoy luxury coastal living and lifestyle at its finest.
FINANCIAL SUMMARY
Current Rental Income
Actual 2015 Upper Unit Gross Income $69,243
Actual 2015 Lower Unit Gross Income $60,000
Total 2015 Gross Income $129,243
Estimated Annual Expenses
New Taxes Estimated $37,000
Maintenance and Repairs $9,507
Insurance Estimate $2,000
Total Estimated Expenses $48,507
Projected Net Income $80,736
Projected Cap Rate 2.2%
An Affiliate of LUXURY PORTFOLIO INTERNATIONAL®
© First Team Real Estate. All rights reserved. This representation is based on information from California Regional Multiple Listing Service, Inc., as of 02/16/2016. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. This is not intended to solicit a listed property. If your property is currently listed for sale with a broker, please disregard. 20721
Dean LueckREALTOR®
CalBRE# 01752859
www.deanlueck.com
• Total size approximately 3,000 square feet
• Legal multi-family units approximately 1,500 square feet each
• Oceanfront lot – approximately 6,534 square feet
• Nearly identical upper and lower units each with large decks
• Each unit has 3 bedrooms and 2 bathrooms
• Shared 2-car garage
• Built in 1963
John CurtinREALTOR®
CalBRE# 01944232