33856 Pequito, Dana Point, California 92629, Dana Point, 92629 - bed, bath
ACTIVE$2,595,000
33856 Pequito, Dana Point, California 92629
0Bed
0Bath
3,323Sqft
4,792Lot
Year Built
1973
Close
-
List price
$2.6M
Original List price
$2.6M
Price/Sqft
$781
HOA
-
Days on market
-
Sold On
-
MLS number
PW25271034
Home ConditionPoor
Features
Excellent View: Ocean
Deck
Patio
ViewOcean
About this home
We found 4 Cons,5 Pros. Rank: price - $2.60M(86th), sqft - 3323(71th), beds - undefined(50th), baths - undefined(50th).
Dana Point quadplex with a view of the ocean. Ground floor 2-2 bedroom 2 baths with lots of closet space and outdoor patio. 2 bedroom 1 bath upstairs with a view of the ocean from the balcony. 2 one bedroom 1 baths with an unobstructed view of the ocean from the house or the balconies. A 4-car garage and a laundry room ready for coin op machines. Long time owner delivers it vacant for market rents or upgrade for maximum rents. Rear yard has mature trees and green area for the play yard, perfect for the backyard BBQs. Located on a rolling hillside with an ocean views, this location is great with great schools.
Nearby schools
5/10
Richard Henry Dana Elementary School
Public,•K-5•0.9mi
6/10
Marco Forster Middle School
Public,•6-8•1.3mi
8/10
Dana Hills High School
Public,•9-12•0.7mi
Price History
Date
Event
Price
12/05/25
Listing
$2,595,000
Condition Rating
Poor
Built in 1973, this property is over 50 years old and shows significant signs of age and lack of major renovation. The kitchens feature dated white/grey painted cabinets, laminate countertops, older appliances (white gas range, older dishwashers, older refrigerator), and outdated tile flooring. Bathrooms similarly present dated vanities, laminate countertops, basic fixtures, and older tilework. Throughout the units, popcorn ceilings and wall heaters are prevalent, indicating original or very old systems and finishes. While the property appears clean and maintained, the description explicitly states it needs 'upgrades for maximum rents' and notes 'potential for deferred maintenance,' suggesting substantial rehabilitation is required to modernize and maximize its value. This aligns with the 'poor' condition criteria, indicating a need for substantial repairs and rehabilitation beyond minor updates.
Pros & Cons
Pros
Ocean Views: The property boasts unobstructed ocean views from multiple units and balconies, a premium feature significantly enhancing its appeal and potential rental income in Dana Point.
Residential Income Property: As a quadplex, this property offers a robust investment opportunity with diversified income streams from four separate units, ideal for investors seeking cash flow and appreciation.
Prime Coastal Location: Located in the highly desirable Lantern Village Central of Dana Point, the property benefits from a sought-after coastal community known for its lifestyle and strong real estate market.
Value-Add Opportunity: Delivered vacant by a long-time owner, this property presents an immediate and significant opportunity for renovation and upgrades to maximize rents and increase overall property value.
Excellent School District & Amenities: The property is situated within a highly-rated school district, appealing to families, and includes practical amenities like a 4-car garage and a coin-op ready laundry room, adding convenience and potential income.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4792, other record lot size in square feet = 5031.
Age of Property: Built in 1973, the property is over 50 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes are likely original or dated, requiring substantial modernization.
Significant Capital Expenditure Required: The description implies that achieving 'maximum rents' will necessitate considerable renovation and upgrade costs, which could be a substantial upfront investment for a new owner.
Potential for Deferred Maintenance: As a long-time owner property, there is an increased likelihood of deferred maintenance issues that may require attention beyond cosmetic upgrades, adding to the overall project scope and cost.