33896 Alcazar Drive, Dana Point, California 92629, Dana Point, 92629 - 0 bed, 0 bath
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Dana Point, California 92629
This Renovated Coastal Triplex is a Strong Value Opportunity, listed at $2,100,000—positioned well below the $2,275,000 Fair Market Value by 7%. This valuation gap provides $175,000 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating following extensive modernizations, the property features quartz countertops, vaulted ceilings, and private backyard patios. Located in the premier Lantern District near Dana Hills High School, it offers significant rental demand and lifestyle appeal. This is an ideal acquisition for Owner-Occupants seeking a "house hack" or Buy-and-Hold Investors targeting a turnkey coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33896 Alcazar Drive Subject | $1,995,000* List Price | 0 | 0 | 2,861 | $795 | - |
A 33841 Robles Sold | $2,225,000 | 0 | 0 | 2,464 | $903 | 0.4 mi |
B 33773 Colegio Drive Sold | $1,704,000 | 0 | 0 | 1,900 | $897 | 0.2 mi |
C 33831 Malaga Drive Sold | $2,110,000 | 0 | 0 | 2,460 | $858 | 0.1 mi |
D 24832 Sherwood Way Sold | $1,700,000 | 0 | 0 | 2,630 | $646 | 0.5 mi |
E 33861 Alcazar Active Under Contract | $1,795,000 List Price | 5 | 4 | 2,800 | $641 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1969, the property has undergone an extensive and high-quality renovation within the last few years. The interiors feature modern open-concept layouts, vaulted ceilings, and high-end finishes including wide-plank flooring and recessed lighting. The kitchens are fully modernized with white shaker cabinetry, quartz countertops, subway tile backsplashes, and premium stainless steel appliances. Bathrooms have been updated with contemporary vanities and custom tile work. The property shows no signs of deferred maintenance and meets current luxury market standards.
Situated in the prestigious Lantern District, this property is moments from Doheny State Beach and Dana Point Harbor, ensuring high tenant demand and long-term value appreciation.
The triplex configuration, featuring two townhouse-style units and a vaulted-ceiling front unit, offers excellent flexibility for an owner-user or a pure income-producing strategy.
The rear units provide rare features for multi-family housing, including private backyard patios and direct-access attached garages, which significantly enhance rental desirability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4317, other record lot size in square feet = 4240.
Built in 1969, the property may require capital improvements or modernization of major systems to compete with newer luxury developments in the area.
With a lot size of approximately 4,317 square feet, the property has limited on-site parking and outdoor space relative to the total number of units and occupants.
Situated in the highly sought-after Lantern District of Dana Point, this well-positioned triplex offers an exceptional opportunity to invest in a highly desirable coastal community! Located just moments from Doheny State Beach, the vibrant Dana Point Harbor, boutique shopping, unique dining, and more. This property features two side-by-side, townhouse-style units in the back, each thoughtfully designed with identical two-level floor plans offering 2 bedrooms and 1.5 bathrooms. The main living areas and a convenient half bath are located on the lower level, while upstairs discover two bedrooms connected by a Jack-and-Jill bathroom. The back two units also include a spacious private backyard patio and direct access to an attached one-car garage. At the front of the property is a 1 bedroom, 1 bathroom unit showcasing vaulted ceilings and an open-concept layout. Whether you are seeking an income-producing asset or the flexibility to live in one unit while renting the others, this triplex presents an incredible opportunity to own in a premier coastal location!
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 | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,861 | 2,846.5 | 50% |
| Lot Size | 4,317 | 4,498.5 | 50% |
| Price | $2.00M | $2.38M | 25% |
| Price per sq ft | $697 | $877 | 25% |
| Built year | 1969 | 1977 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 154 | 25% |
Apr 17, 2026
$1,995,000
$2,100,000
-5% Price Drop
Initial Listing
Mar 22, 2026
$2,100,000
$2,275,000
-8% Price Drop
Initial Listing
Mar 4, 2026
$2,275,000
Initial Listing