33372 Cheltam Way presents a rare four-unit investment opportunity in the highly desirable coastal community of Dana Point. Built in 1977, this property offers spacious units, each exceeding 1,000 square feet. The units are thoughtfully designed with tenant comfort in mind, offering washer and dryer hookups, private patios or balconies, and cozy fireplaces. Each residence is also assigned one garage parking space along with an additional open space, adding convenience and value. The property is uniquely configured with separate APNs for each unit, providing a future buyer with flexibility and
potential exit strategies. Additionally, the asset is not subject to statewide or local rent control, allowing for unrestricted rent growth.
With solid fundamentals and clear upside potential, 33372 Cheltam Way represents an excellent value-add opportunity for investors seeking to enhance rents and maximize returns. The motivated seller further strengthens the appeal of this offering, making it a compelling acquisition in one of Southern California’s most sought-after rental markets.
AGENT: Michael Arp LISTING BROKERAGE: Morgan Skenderianpotential exit strategies. Additionally, the asset is not subject to statewide or local rent control, allowing for unrestricted rent growth.
With solid fundamentals and clear upside potential, 33372 Cheltam Way represents an excellent value-add opportunity for investors seeking to enhance rents and maximize returns. The motivated seller further strengthens the appeal of this offering, making it a compelling acquisition in one of Southern California’s most sought-after rental markets.
Courtesy of Morgan Skenderian. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 33372 Cheltam WY
Dana Point, CA
Property Details
Price:
$2,595,000
MLS #:
PW26105826
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Condominium
Neighborhood:
dhdanahills
Listed Date:
May 15, 2026
Total Sq Ft:
4,424
Lot Size:
13,144 sqft / 0.30 acres (approx)
Year Built:
1977
Dh – Dana HillsDhdanahills
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Schools
Interior
Interior Features
CF, BL
Laundry Features
ELC, WH
Exterior
Common Walls
NCW
Community Features
SDW, CRB, BIKI, DGP
Garage Spaces
4
Parking Spots
8
Parking Total
8
Financial
Gross Operating Income
$123,384
Maintenance Fee
$3,702
Net Operating Income
$78,909
Map
Community
- Address33372 Cheltam WY Dana Point CA
- SubdivisionOther (OTHR)
- CityDana Point
- CountyOrange
- Zip Code92629
