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Dana Point, CA 92629,14 Corniche DR #A
$499,500
Est. payment /mo
$494,000
1.1%
Est.Price: ?

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2 Beds
2 Baths
1,200 SqFt
SOLD DATE : 01/12/2017

Key Details

Sold Price $499,500

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $416

Subdivision Monarch Hills Condos (Mhc)

MLS Listing ID OC16713026

Bedrooms 2

Full Baths 2

Condo Fees $362

HOA Fees $362/mo

Year Built 1989

Property Description

A rare opportunity presents itself in this legal conforming & permitted weekly Dana Point vacation rental property. This beach close 2 bedroom ground floor condo is currently being used as a weekly & monthly vacation rental. You can purchase it fully furnished (pots, pans, furniture & all) as a vacation rental or you can purchase it unfurnished to live in, or any combination of the two. This is a great opportunity for someone interested in purchasing a property & personally occupying it for a portion of the year & renting it out as a vacation rental the balance of the year. It has an average of 9 months occupancy per year. The gross income from these 9 months is approx. $36,000. This revenue is a combination of summer weekly vacation rentals & winter monthly vacation rentals. The owner is willing to share the financial statements with serious interested parties only. The property is being professionally managed by a local top notch vacation rental property management firm that is willing to continue to manage it for you. The property is permitted by the City of Dana Point & the Monarch Hills Home Owners Association for use as a weekly vacation rental. The Monarch Hills Home Owners Association CC & R’s specifically permit weekly rentals within its condominium community.

Location

State CA

County Orange

Area Mb - Monarch Beach

Interior

Heating Forced Air

Cooling Central Air

Fireplaces Type Living Room

Laundry Laundry Closet

Exterior

Pool In Ground, Association

Community Features Sidewalks, Gated

Amenities Available Clubhouse, Dues Paid Monthly, Fitness Center, Pool, Guard, Spa/Hot Tub, Trash

View Y/N No

View None

Building

Lot Description Planned Unit Development

Story One

Sewer Sewer Tap Paid

Water Public

Schools

School District Capistrano Unified

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by John Rennie • The Immel Team
Bought with Teresa Mihelic • Realty Executives OCDreamhomes
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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