$1,485,000
$1,500,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
24632 San Juan AVE Dana Point, CA 92629
6,098 Sqft Lot
Key Details
Sold Price $1,485,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW19067844
Sold Date 06/04/19
HOA Y/N No
Year Built 1982
Annual Tax Amount $15,686
Tax Year 2019
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions Appraiser
Property Description
Dana Cove Professional Building is a stylish two-story commercial building located in the heart of Dana Point's Lantern Bay/Town Center, which is the city's most dynamic neighborhood with several sizable mixed-use projects under construction within a few hundred yards of the subject. Most notable is Prado West, a three-story mixed-use project with 109 residential condominium units and 27,000 square feet of commercial space, located just to the west of the subject. The subject was built in 1982, is a woodframe and stucco building which is currently configured into ten office suites occupied by seven tenants. Most occupancies are month-to-month or short-term leases. There are a total of ten on-site parking spaces, including a handicap space, located in a concrete surface lot at the rear of the parcel. Properties in the neighborhood are zoned TC-MU, a mixed-use designation. This zoning allows the possibility of properties, subject to planning and building regulations, to be used for a wide range of businesses including, but not limited to retail stores, office suites, live/work spaces, multi-family dwelling units, hotels, bed & breakfast facilities, food services, bars, nightclubs and liquor stores.
Dana Point is emerging as one of Southern California'a prime ocean-oriented resort destinations. For an owner/user occupying at least 51% of the square footage, very favorable SBA loans are available with up to 90% LTV and an annual interest rate of approximately 5%.
Location
State CA
County Orange
Area Lt - Lantern Village
Zoning TC-MU
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence None
Roof Type Composition,Fiberglass,Tile
Building
Lot Description 6-10 Units/Acre, Landscaped, Level, Rectangular Lot, Street Level, Zero Lot Line
Story 2
Water Public
Others
Tax ID 68232320
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Other
Special Listing Condition Standard
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Bought with TIM ARGUELLO • CRMLS