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33872 Alcazar Dr 4 Unit Apartment Building $3,622,785 CAD ($905,696 CAD/Unit) 2.35% Cap Rate Dana Point, CA 92629
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 | $3,622,785 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $905,696 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 2.35% | Building Size | 3,228 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1973/2024 |
| Zoning | RMF - Residential Multifamily | ||
| Price | $3,622,785 CAD |
| Price Per Unit | $905,696 CAD |
| 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 | $2,628 CAD | 710 |
| 2+1 | 2 | $3,445 CAD | 900 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 682-254-01 | Improvements Assessment | $241,861 CAD |
| Land Assessment | $2,363,309 CAD | Total Assessment | $2,605,170 CAD |
Property Taxes
Parcel Number
682-254-01
Land Assessment
$2,363,309 CAD
Improvements Assessment
$241,861 CAD
Total Assessment
$2,605,170 CAD
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33872 Alcazar Dr
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