33861 Alcazar, Dana Point, California 92629, Dana Point, 92629 - 5 bed, 4 bath
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Dana Point, California 92629
This versatile income-producing duplex represents a Strong Value Opportunity, listed at $1,795,000—positioned well below the $1,910,404 Fair Market Value by 6%. This valuation gap provides $115,404 in Instant Equity. Boasting a Condition Rating of 3, the property features updated kitchens, PEX piping, and partial ocean views. Located in the premier Lantern District near top-rated Dana Hills High, it offers a rare "house hack" setup with a 3-bedroom upper and 2-bedroom lower unit. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33861 Alcazar Subject | $1,795,000* List Price | 5 | 4 | 2,800 | $682 | - |
A 34051 Silver Lantern Street Pending | $1,950,000 List Price | 5 | 4 | 2,412 | $808 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready, featuring a mix of original character and functional updates. While built in 1970, the kitchens have been updated with stone countertops, and at least one bathroom features a modern renovation with contemporary tile work and fixtures. The inclusion of PEX piping and the clean condition of the wood and vinyl flooring indicate consistent upkeep and a lack of deferred maintenance.
Situated in the highly desirable Lantern District, the property offers exceptional proximity to Dana Point Harbor, PCH, and top-rated schools, ensuring strong long-term appreciation and tenant demand.
This duplex configuration, featuring a large 3-bedroom upper unit and a 2-bedroom lower unit, provides a rare opportunity for owner-occupancy with rental income or a high-yield investment strategy.
The property includes three separate one-car garage bays plus a driveway, a significant asset in coastal Dana Point, along with the added value of updated PEX piping throughout.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4356, other record lot size in square feet = 3943. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2676.
With a 1970 build date and functional but basic kitchens, the property may require modern cosmetic upgrades to compete with luxury rentals or to maximize resale value.
The ocean views are described as partial or 'peek-a-boo,' which may be a competitive disadvantage compared to other properties in the Lantern Village area that offer more expansive vistas.
Discover an exceptional duplex opportunity in one of Dana Point’s most desirable locations. Ideally situated just moments from PCH and the vibrant Lantern District, this property offers effortless access to premier dining, boutique shopping, top-rated schools, and the beach. Spanning approximately 1,900 SF, the upper unit (Unit A) features three bedrooms and two bathrooms, filled with abundant natural light, and includes an uncovered private deck off one of the bedrooms with partial ocean views. The upper unit features wood flooring in the main living area, with vinyl and carpet in the bedrooms. The lower unit (Unit B) offers two bedrooms and two bathrooms across approximately 980 SF, highlighted by a spacious covered private deck, ideal for outdoor living and entertaining, and includes vinyl flooring throughout. Both units feature open-concept living areas, in-unit laundry, and functional kitchens with ample cabinetry. Additional highlights include PEX piping, three separate one-car garage bays, and a driveway, plus convenient proximity to Dana Point Harbor and its array of recreational and waterfront amenities. A rare opportunity to own a versatile, income-producing property in a premier coastal setting.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 75% |
| Baths | 4.0 | 0.0 | 75% |
| Square foot | 2,800 | 2,816 | 50% |
| Lot Size | 4,356 | 4,518 | 50% |
| Price | $1.79M | $2.38M | 25% |
| Price per sq ft | $641 | $877 | 13% |
| Built year | 1970 | 1977 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 154 | 13% |
Mar 26, 2026
$1,795,000
Initial Listing