NOT LISTED FOR SALE
5 Beds
4 Baths
4,156 Sq Ft
5,117 Sq Ft Lot

Sale Details

Date Sold: February 11, 2026

Last sale price $2,490,000 $599 Per Sq Ft

38 Days on Market

Highlights

  • Fishing
  • Hiking Trails
  • Rectangular Lot
  • No HOA
  • Laundry Facilities

About This Home

As of February 2026

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.

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 12/05/2025

Co-Listed By

Paul Espinosa

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627

Last Buyer's Agent

Kevin Tabatabai

Panamerican Mortgage License #00800103

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1972

Lot Details

  • 5,117 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,156 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 14 / 6
  • Tax Tract Number 857
  • Assessor Parcel Number 68225414
  • $3,659 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,100
  • Fuel Expense $1,100
  • Gardener Expense $600
  • Insurance Expense $2,603
  • Maintenance Expense $3,693
  • Trash Expense $1,100
  • Water Sewer Expense $1,100
  • New Taxes Expense $28,058
  • Operating Expense $39,854
  • Gross Income $126,900
  • Net Operating Income $83,239

Property Details

Home Type

Apartment

Year Built

Built in 1972

Lot Details

5,117 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 3.28
  • Property Attached: No
  • Water Sewer Expenses: 1100.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 68225414
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 599.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Fishing, Hiking, Gutters, Park, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5117.00
  • Lot Size Acres: 0.1175

Multi Family

  • Electric Expense: 1100.00
  • Fuel Expense: 1100.00
  • Gross Income: 126900.00
  • Gross Multiplier: 19.98
  • Gross Operating Income: 123093.00
  • Gross Scheduled Income: 126900.00
  • Insurance Expense: 2603.00
  • Laundry Income: 600.00
  • Lot Size Area: 5117.0000 Square Feet
  • Maintenance Expense: 3693.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 83239.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 39854.00
  • Operating Expense Percent: 31.40
  • Rent Control: Yes
  • Total Expenses: 39854.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28058.00
  • Tax Block: 6
  • Tax Lot: 14
  • Tax Tract Number: 857
  • TaxOtherAnnualAssessmentAmount: 3659.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2025
Closed on
Apr 2, 2026
Sold by
Bought by
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Kevin Tabatabai
Panamerican Mortgage
List Price
$2,535,000
Sold Price
$2,490,000
Premium/Discount to List
-$45,000
-1.78%
Views
29

Purchase Details

Listed on
Dec 5, 2025
Closed on
Jan 30, 2026
Sold by
Bought by
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Kevin Tabatabai
Panamerican Mortgage
List Price
$2,535,000
Sold Price
$2,490,000
Premium/Discount to List
-$45,000
-1.78%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2025
Closed on
Jan 21, 2026
Sold by
Bought by
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Kevin Tabatabai
Panamerican Mortgage
List Price
$2,535,000
Sold Price
$2,490,000
Premium/Discount to List
-$45,000
-1.78%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
2.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
4.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
4.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,100
Interest Rate
5.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2002
Sold by
Bought by

Purchase Details

Closed on
Oct 10, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 1999
Sold by
Bought by

Purchase Details

Closed on
May 21, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,250
Interest Rate
8%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$2,490,000 Ticor Title Company
-- Ticor Title Company
-- Lawyers Title Company
-- Lawyers Title Company
$975,000 First Amer Title San Diego
-- Accommodation
-- North American Title Co
-- North American Title Co
-- North American Title Co
-- North American Title Co
-- North American Title Co
-- North American Title Co
-- North American Title Co
-- North American Title Co
-- North American Title Co
-- --
$479,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $890,000
Closed $584,000
Previous Owner $731,250
Previous Owner $590,100
Previous Owner $455,000
Previous Owner $455,000
Previous Owner $359,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/11/2026 02/11/26 Sold $2,490,000 -1.8% $599 / Sq Ft
01/12/2026 01/12/26 Pending -- -- --
12/05/2025 12/05/25 For Sale $2,535,000 -- $610 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $16,564 $1,274,126 $1,035,119 $239,007
2025 $16,046 $1,249,144 $1,014,823 $234,321
2024 $16,046 $1,224,651 $994,924 $229,727
2023 $15,541 $1,200,639 $975,416 $225,223
2022 $11,929 $1,177,098 $956,291 $220,807
2021 $11,699 $1,154,018 $937,540 $216,478
2020 $11,583 $1,142,185 $927,926 $214,259
2019 $11,355 $1,119,790 $909,732 $210,058
2018 $11,137 $1,097,834 $891,894 $205,940
2017 $10,919 $1,076,308 $874,406 $201,902
2016 $10,710 $1,055,204 $857,260 $197,944
2015 $12,335 $1,039,354 $844,383 $194,971
2014 $12,132 $1,018,995 $827,843 $191,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25271422

California Regional Multiple Listing Service (CRMLS)
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