34051 Silver Lantern Street, Dana Point, California 92629, Dana Point, 92629 - 5 bed, 4 bath

34051 Silver Lantern Street
Dana Point, California 92629
Property Price
SUMMARY
Analysis of 34051 Silver Lantern Street, Dana Point, California 92629 is currently available with a list price of $1,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Dana Point Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property underwent extensive renovations in late 2020, including a new roof, windows, decking, and exterior paint. The upper unit is fully remodeled with a modern kitchen featuring white shaker cabinets, stone countertops, and stainless steel appliances, along with updated bathrooms and contemporary flooring, meeting high-quality current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the heart of Lantern Village, the property offers exceptional walkability to Dana Point Harbor, local beaches, and the vibrant downtown dining and shopping district.
- Significant Value-Add Potential
The property offers a rare opportunity to add up to two ADUs and features a fully remodeled upper unit, allowing for immediate high-market rental income or owner-occupancy.
- Recent Major Upgrades
Extensive renovations completed in 2020, including a new roof, windows, decking, and exterior paint, significantly reduce near-term capital expenditure requirements for a new owner.
CONSRISKS & DEFICIENCIES
- Under-Market Rental Income
The lower unit is currently occupied by a long-term tenant paying below-market rent, which may limit immediate cash flow and initial return on investment for pure investors.
- Limited Ocean Views
While the upper unit features a deck, the ocean view is described as 'peek-a-boo,' which may not meet the expectations of buyers seeking expansive coastal vistas at this price point.
About 34051 Silver Lantern Street
Super duplex opportunity in the heart of Lantern Village, Dana Point! This property features a 3-bedroom, 2-bathroom upper unit all on one level, and a 2-bedroom, 2-bathroom lower unit, also all on one level. Both units include fireplaces in the living rooms and ceiling fans. The upper unit offers vaulted ceilings and a peek-a-boo ocean view from the deck. The 3-bedroom unit comes with a 2-car garage, while the 2-bedroom unit has a single-car garage. Both garage doors have been replaced and include remote openers. Each unit has inside laundry hook-ups. The upstairs unit has been fully remodeled, making it ideal to rent at top market rates or as a prime opportunity for an owner-occupied duplex, paired with a very stable long-term tenant downstairs. Major upgrades were completed in December 2020, including new windows, decking, roof, exterior paint, and gutters. Located close to Downtown Dana Point, shopping, restaurants, parks, the harbor, beaches, and the ocean. Also convenient to public transportation, freeway access, and the train station. The lower unit is occupied by a long-term, reliable, and friendly tenant who is paying below market rent. Additional upside: potential to add two ADUs without extensive city approvals (buyer to verify with the City).
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1977
- Lot Size
- 3,964 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Dana Point Unified Schools
Richard Henry Dana Elementary School
Grades K-5 • 0.6 mi
Marco Forster Middle School
Grades 6-8 • 1.6 mi
Dana Hills High School
Grades 9-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | - | 78% |
| Baths | 4.0 | - | 78% |
| Square foot | 2,412 | 2,630 | 11% |
| Lot Size | 3,964 | 4,680 | 33% |
| Price | $1.95M | $2.23M | 33% |
| Price per sq ft | $808 | $808 | 50% |
| Built year | 1977 | 1977 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 196 | 11% |
Pricing History
Listed for Sale
Mar 3, 2026
$1,950,000
Initial Listing
Sold
Mar 1, 2022
$1,725,000
Public Record
Sold
Nov 9, 2001
$490,500
Public Record


























