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35322 Camino Capistrano

Dana Point, CA 92624
  • $9,995,500
  • STATUS: Active Under Contract
  • ON SITE: 206 Days
  • ID#: LG26055865
Under Contract
UPDATED: 55 min ago
$9,995,500
  • 0
    BEDS
  • 0.99
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Listing Agent(s): Craig Delahooke of Berkshire Hathaway HomeServices California Properties (949-499-5900)


Description

Incredible Investment Opportunity! The Palisades Apartments are comprised of 15 units in cottage-style clusters and sits on an acre of prime real estate perched along the coastal blufftops between the luxurious revitalized Dana Point Harbor and the San Clemente Pier. These well-maintained single-story units offer stable income and feature a mix of one and two bedroom units with private patios. Tenants enjoy substantial parking with a blend of carports with storage cabinets, garages and perimeter parking. Some units include interior W&D systems and there is also a community on-site laundry room. The owner made a significant investment by just completing construction of a new electric service line with new individual meters and sub-panels. This beautiful coastal community is centrally located to multiple transit systems including the 5 FWY, Pacific Coast Hwy, Amtrak & Metrolink Trains, the Dana Point & San Clemente trolly systems and local parks and award-winning schools.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-07T23:30:26.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/174119145
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35322 Camino Capistrano Dana Point, CA 92624

  • Price: $9,995,500
  • Status: Active Under Contract
  • On Site: 206 Days
  • Updated: 55 min ago
  • ID#: LG26055865
0
Beds
0
Baths
0
½ Baths
0.99
Acres
1970
Built
Neighborhood:
.Palisades Apartments
County:
Orange
Area:
CB - Capistrano Beach
Property Description
Incredible Investment Opportunity! The Palisades Apartments are comprised of 15 units in cottage-style clusters and sits on an acre of prime real estate perched along the coastal blufftops between the luxurious revitalized Dana Point Harbor and the San Clemente Pier. These well-maintained single-story units offer stable income and feature a mix of one and two bedroom units with private patios. Tenants enjoy substantial parking with a blend of carports with storage cabinets, garages and perimeter parking. Some units include interior W&D systems and there is also a community on-site laundry room. The owner made a significant investment by just completing construction of a new electric service line with new individual meters and sub-panels. This beautiful coastal community is centrally located to multiple transit systems including the 5 FWY, Pacific Coast Hwy, Amtrak & Metrolink Trains, the Dana Point & San Clemente trolly systems and local parks and award-winning schools.
Exterior Features

Architectural Style Traditional Carport Spaces 15 Carport YN Yes Construction Materials BlockStucco Direction Faces West Entry Level 1 Entry Location 1 Fencing BlockChain LinkWoodWrought Iron Lot Features LandscapedNear ParkNear Public TransitRectangular LotSprinkler System Number Of Separate Electric Meters 15 Open Parking Spaces 4 Other Structures Second GarageStorageWorkshop Parking Features AssignedConcreteDetached CarportDoor-SingleDrivewayGarageGarage Faces RearGarage Faces SideStorage Parking Total 26 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No View BluffHills View YN Yes Waterfront Features Across the Road from Lake/OceanOcean Side Of Freeway

Interior Features

Accessibility Features No Stairs Appliances DishwasherElectric RangeDisposalRange HoodVented Exhaust FanWater Heater Common Walls 1 Common WallNo One Below Cooling None Cooling YN No Door Features Mirrored Closet Door(s)Sliding Doors Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating Radiant Heating YN Yes Interior Features Ceiling Fan(s)StorageUnfurnishedAll Bedrooms Down Window Features Blinds

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(s)Storm Drain(s)Street LightsSidewalksWater SportsPark Contingency Some preliminary research suggests the property contains 14 permitted units and what used to be an office was converted to a studio without a permit. The Seller is not aware of this. Current Financing Other Electric Electricity - On Property Electric Expense 1948 Fuel Expense 0 Garage YN Yes Gross Income 397464 Gross Scheduled Income 397464 Insurance Expense 10452 Land Lease YN No Laundry Features Common AreaLaundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 9095 Net Operating Income 231029 New Construction YN No New Taxes Expense 113661 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 15 Operating Expense 166435 Pest Control Expense 2299 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricity Trash Expense 4121 Water Sewer Expense 2868 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-07T23:30:26.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Craig Delahooke of Berkshire Hathaway HomeServices California Properties (949-499-5900)