33861 Alcazar, Dana Point, California 92629, Dana Point, 92629 - 5 bed, 4 bath
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Dana Point, California 92629
This duplex presents a Prime Investment Opportunity with a List Price of $1,795,000—positioned well below the $1,847,930 Fair Market Value by 2%. This valuation gap offers $52,930 in Instant Equity. Featuring a Fair Condition Rating, the property includes PEX piping and three garage bays, providing a stable foundation for value-add cosmetic updates. Located near the Lantern District and Dana Hills High School, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing coastal property.
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 | $641 | - |
A 34096 Alcazar Sold | $1,700,000 | 0 | 0 | 2,600 | $654 | 0.2 mi |
B 33951 Golden Lantern Sold | $2,250,000 | 0 | 0 | 3,140 | $717 | 0.2 mi |
C 24871 Sherwood Sold | $1,998,000 | 0 | 0 | 3,174 | $629 | 0.4 mi |
D 34051 Silver Lantern Street Pending | $1,950,000 List Price | 0 | 0 | 2,412 | $808 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, the property is dated with kitchens and bathrooms featuring older tile countertops and cabinetry consistent with a 20+ year old renovation style. While it includes functional upgrades like PEX piping and newer vinyl flooring, the primary systems and aesthetics require modernization to meet current market standards.
Ideally situated moments from the Lantern District and Dana Point Harbor, offering residents effortless access to premier dining, boutique shopping, and coastal recreational amenities.
This duplex configuration features a spacious 3-bedroom upper unit and a 2-bedroom lower unit, providing a flexible opportunity for owner-occupancy with rental income or a high-demand investment play.
The property includes three separate one-car garage bays and has been upgraded with PEX piping, offering rare parking convenience and improved long-term maintenance reliability.
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.
Built in 1970, the property may require additional capital investment for cosmetic modernizations or further system updates to compete with newer luxury developments in the area.
While the property offers outdoor living spaces, the ocean views are only partial or peek-a-boo, which may be a drawback for buyers prioritizing expansive coastal 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 |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,800 | 2,708 |
| Lot Size | 4,356 | 5,388 |
| Price | $1.79M | $2.20M |
| Price per sq ft | $641 | $795 |
| Built year | 1970 | 1969 |
| HOA | $0 | $0 |
| Days on market | 118 | 67 |
Mar 26, 2026
$1,795,000
Initial Listing