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33972 Alcazar DriveDana Point, CA 92629

For Sale

$2,535,000

Smart Buyer Rebate $25,350

This well-maintained 4-unit apartment complex, built in 1972, features significant recent capital improvements, including new HVAC systems (2 units), a refurbished main sewer line and is fully SB721 compliant with new stairs, decks and railings. Select units have received significant upgrades to the interiors all contributing to long-term stability and reduced maintenance risk. With a desirable unit mix dominated by spacious two-bedrooms and projected upside of 29%, this property stands out as a turnkey opportunity with obtainable upside in one of Orange County’s most sought-after coastal markets.

Located just minutes from the vibrant Lantern District and the newly revitalized Dana Point Harbor, 33972 Alcazar Drive offers the ideal blend of coastal lifestyle and strong investment appeal. Residents enjoy effortless access to Dana Point’s best entertainment, boutique shopping, acclaimed dining, and year-round outdoor activities from harbor walks and beaches to community festivals and waterfront recreation.

Listed by Rick Applebaum

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License #01273871

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Morgan Skenderian

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rma@morganskenderian.com

Listed by Paul Espinosa

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License #01942627

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Morgan Skenderian

Last updated December 05, 2025

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Source: CRMLS #PW25271422

Listing Facts

  • TypeMulti-family
  • NeighborhoodLantern Village
  • Days on Prevu6

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

12/05/2025
Listed by Morgan Skenderian
$2,535,000

Property Details for 33972 Alcazar Drive

Association

Amenities

  • Community Features: Biking, Curbs, Fishing, Gutter(s), Hiking, Park, Sidewalks, Water Sports

Exterior

Construction

  • Number Of Units Total: 4
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1972
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: Street

Measurements

  • Building Area Total: 4,156
  • Building Area Units: Square Feet
  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 5,117
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,117
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 3.28
  • Gross Income: $126,900.00
  • Operating Expense: $39,854.00

Taxes

  • Parcel Number: 68225414

Other

Location

  • Tax Block: 6
  • Tax Lot: 14

Parking

Parking

  • Garage Spaces: 4
  • Garage: Yes
  • Open Parking Spaces: 4
  • Parking Total: 8

Utilities

Equipment

  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 33972 Alcazar Drive.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 33972 Alcazar Drive.

How does 33972 Alcazar Drive compare to other multi-family homes in Lantern Village?

This multi-family home is listed 15% above the average price for multi-family homes in Lantern Village and has been on the market for 62 less days than the typical home in this area.

33972 Alcazar Drive is a -bedroom multi-family home for sale in Dana Point CA 92629. Available on Prevu for 6 days at $2,535,000. This residence is located in Lantern Village. The median listing price for multi-family homes in this area is $1,815,000. Additional amenities include parking. Browse more multi-family home listings in Orange County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.