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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
Condo Fees $362
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
Interior
Interior Features Separate/Formal Dining Room, All Bedrooms Down, Walk-In Closet(s)
Heating Forced Air
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Laundry Closet
Exterior
Carport Spaces 1
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
Total Parking Spaces 1
Private Pool No
Building
Lot Description Planned Unit Development
Story One
Entry Level One
Sewer Sewer Tap Paid
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 Gated with Guard,Gated Community
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Teresa Mihelic • Realty Executives OCDreamhomes