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$3,250,000

Est. payment - /mo

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5 Beds

4 Baths

2,412 SqFt

New

34051 Silver Lantern ST Dana Point, CA 92629

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Jessica Lam

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,412 sqft

Price per Sqft $1,347

Subdivision Lantern Village Central (Ldc)

MLS Listing ID PW25110110

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1977

Lot Size 3,963 Sqft

Property Sub-Type Duplex

Property Description

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 have fireplaces in the living rooms and ceiling fans. The upper unit includes vaulted ceilings and a peek-a-boo ocean view from the deck. The 3-bedroom unit comes with a 2-car garage, and 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. 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 upper unit tenant is vacating after 14 years, and the current rent is significantly below market value - presenting an opportunity to secure a new market-rate tenant or occupy the unit as an owner. The lower unit is occupied by a long-term, reliable, and very friendly tenant who is also below market rent. Potential to add two ADUs above the existing garage without extensive city approvals (buyer to verify with the City).

Location

State CA

County Orange

Area Lt - Lantern Village

Zoning R-2

Rooms

Main Level Bedrooms 5

Interior

Interior Features Balcony, Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Bedroom on Main Level, Main Level Primary

Heating Central

Cooling None

Fireplaces Type Family Room, Living Room

Fireplace Yes

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports

View Y/N Yes

View Ocean

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description Sloped Down, Landscaped, Rectangular Lot

Dwelling Type Duplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Other

Others

Senior Community No

Tax ID 68229218

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Submit

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Submit

Special Listing Condition Standard

Listed by Ilona Nanda • Coorg Realty • 714-920-8810