$499,500
$494,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
14 Corniche DR #A Dana Point, CA 92629
2 Beds
2 Baths
1,200 SqFt
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
Sold Date 01/12/17
Bedrooms 2
Full Baths 2
HOA Fees $362/mo
HOA Y/N Yes
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
Rooms
Main Level Bedrooms 2
Ensuite Laundry LaundryCloset
Interior
Interior Features AllBedroomsDown, WalkInClosets
Laundry Location LaundryCloset
Heating ForcedAir
Cooling CentralAir
Fireplaces Type LivingRoom
Fireplace Yes
Laundry LaundryCloset
Exterior
Carport Spaces 1
Pool InGround, Association
Community Features Sidewalks, Gated
Amenities Available Clubhouse, DuesPaidMonthly, FitnessCenter, Pool, Guard, SpaHotTub, Trash
View Y/N No
View None
Total Parking Spaces 1
Private Pool No
Building
Lot Description PlannedUnitDevelopment
Story One
Entry Level One
Sewer SewerTapPaid
Water Public
Level or Stories One
Schools
School District Capistrano Unified
Others
HOA Name Monarch Hill HOA
Senior Community No
Tax ID 93936398
Security Features GatedwithGuard,GatedCommunity
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Cash
Special Listing Condition Standard
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Bought with Teresa Mihelic • Realty Executives OCDreamhomes