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
ACTIVE$2,295,000
34051 Silver Lantern Street, Dana Point, California 92629
5Beds
4Baths
2,412Sqft
3,964Lot
Year Built
1977
Close
-
List price
$2.29M
Original List price
$2.5M
Price/Sqft
$951
HOA
-
Days on market
-
Sold On
-
MLS number
PW25223151
Home ConditionExcellent
Features
Good View: Ocean
Deck
ViewOcean

About this home

We found 3 Cons,5 Pros. Rank: price - $2.29M(56th), sqft - 2412(33th), beds - 5(78th), baths - 4(78th).

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).

Nearby schools

5/10
Richard Henry Dana Elementary School
Public,K-50.6mi
6/10
Marco Forster Middle School
Public,6-81.6mi
8/10
Dana Hills High School
Public,9-120.7mi

Price History

Date
Event
Price
11/29/25
Price Change
$2,295,000-8.0%
09/22/25
Listing
$2,495,000
Condition Rating
Excellent

The property's upper unit has been fully remodeled, as evidenced by the modern kitchen with white cabinetry and granite countertops, and the sleek bathroom featuring a floating vanity, backlit LED mirror, and contemporary tile shower. Major exterior upgrades, including new windows, decking, roof, and paint, were completed in December 2020, falling within the 'extensively renovated within 5 years' criteria. The interior boasts new grey-toned laminate flooring, fresh paint, and modern light fixtures throughout, indicating a virtually new condition for the remodeled portions.
Pros & Cons

Pros

Prime Coastal Location: Situated in the desirable Lantern Village of Dana Point, offering exceptional proximity to downtown, the harbor, beaches, shopping, dining, and convenient access to transportation.
Income-Generating Duplex: Features two distinct units (3-bed/2-bath and 2-bed/2-bath) providing immediate rental income potential or an ideal owner-occupancy scenario with supplemental income.
Extensive Recent Upgrades: Major renovations completed in December 2020, including new windows, decking, roof, exterior paint, and gutters, significantly enhancing the property's condition and curb appeal.
Significant Value-Add Potential: Opportunity to add two Accessory Dwelling Units (ADUs) without extensive city approvals, offering substantial future income and equity growth.
Remodeled Upper Unit: The upstairs unit has been fully remodeled, featuring vaulted ceilings and a peek-a-boo ocean view, making it move-in ready for an owner or attractive for premium rental rates.

Cons

Below Market Rent for Lower Unit: The long-term tenant in the lower unit is currently paying below market rent, limiting immediate income maximization and requiring future rent adjustments.
Limited Ocean View: While an ocean view is present, it is described as 'peek-a-boo,' indicating a partial or restricted view rather than a panoramic vista, which may not meet all buyer expectations for a coastal property.
Original Construction Age: Built in 1977, despite recent major exterior upgrades, the underlying structure and potentially some internal systems may be original, which could lead to future maintenance or upgrade costs.

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