33872 Alcazar Dr - Apartments FOR SALE


Dana Point, CA 92629
$2,550,000 USD
949-756-3232
33872 Alcazar Dr, Dana Point, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/4
null | 2.35% Cap Rate

33872 Alcazar Dr
Dana Point, CA 92629


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$790 USD /SF

# OF UNITS

4

PRICE/UNIT

$637,500

CAP RATE

2.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,228 SF

ZONING

RMF

APN/PARCEL ID

682-254-01

ASK ABOUT THIS PROPERTY

Justin SchneiderTriqor GroupMore Info
949-756-3232

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Justin SchneiderTriqor GroupMore Info
949-756-3232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.