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Investment Highlights

  • Desirable Lantern District Location Walking Distance to Revitalized Dana Point Harbor
  • Well-Maintained Building with Recently Replaced Roof (2024)
  • Significant Upside in Rental Income
  • Attractive Unit Mix of Large 1 & 2 Bedrooms, Some with Ocean Views or a Large Private Patio
  • Large Lot with 2:1 Parking Including 4 Garages

Executive Summary

We are pleased to present a rare 4-unit coastal investment opportunity located in the heart of Dana Point. The property consists of two one-bedroom units and two two-bedroom units, offering a desirable unit mix in one of Southern California’s most sought-after beach communities. Select units feature highly coveted outdoor living amenities, including an ocean-view unit and a spacious private patio, providing residents with a premium coastal living experience. The property offers investors meaningful rental upside through the continued repositioning of rents to market levels. Situated within a high-barrier-to-entry coastal submarket characterized by limited multifamily inventory, strong demand, and historically high occupancy, Alcazar Avenue presents a compelling opportunity to capture significant future income growth and long-term appreciation.

Property Facts

Price $2,550,000
Price Per Unit $637,500
Sale Type Investment
Cap Rate 2.35%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 3,228 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1973/2024
Zoning RMF - Residential Multifamily

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $1,850 710
2+1 2 $2,425 900
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
682-254-01
Land Assessment
$1,663,482
Improvements Assessment
$170,241
Total Assessment
$1,833,723
  • Listing ID: 41192093

  • Date on Market: 7/7/2026

  • Last Updated:

  • Address: 33872 Alcazar Dr, Dana Point, CA 92629

Contact the Sale Advisor

33872 Alcazar Dr

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