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

34051 Silver Lantern Street, Dana Point, California 92629 home-pic-0

34051 Silver Lantern Street

Dana Point, California 92629

ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
2,412Sq Ft
3,964Lot Size

Property Price

LIST PRICE$1,950,000

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

Excellent
TeardownExcellent

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

5/10

Marco Forster Middle School

Grades 6-8 • 1.6 mi

6/10

Dana Hills High School

Grades 9-12 • 0.7 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.0-
78%
Baths4.0-
78%
Square foot2,4122,630
11%
Lot Size3,9644,680
33%
Price$1.95M$2.23M
33%
Price per sq ft$808$808
50%
Built year19771977
50%
HOA$0$0
50%
Days on market4196
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

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