$2,800,000
UNDER CONTRACT

Estimated payment $18,398/month

Total Views 3,834
7 Beds
5 Baths
5,300 Sq Ft
$528 Price per Sq Ft

Highlights

  • Ocean View
  • Above Ground Spa
  • RV Access or Parking
  • Palisades Elementary School Rated A
  • Second Garage
  • 5-minute walk to Palisades Gazebo Park

About This Home

This exceptional ocean-view multi-family residence presents a prime investment opportunity in a highly desirable coastal location. Featuring two high-end homes on one lot, this property is ideal for maximizing rental income, short-term vacation stays, or multigenerational living. The main residence offers 4 bedrooms plus an office, 2.5 baths, and 3,100 square feet of luxurious space, while the second home provides 3 bedrooms, 2.5 baths, and 2,200 square feet of equally impressive design. Both homes boast upscale finishes, including a gourmet kitchen with marble countertops and European cabinetry, hand-scraped bamboo flooring, and spa-inspired bathrooms. Multiple viewing decks offer panoramic ocean and city views, enhancing the property’s rental appeal. Each home includes a private two-car garage, adding convenience for tenants or guests. With strong income potential in a high-demand market, this is a rare opportunity to invest in a premium coastal asset with immediate and long-term returns.

Listing Agent

Mark Lucy

HomeVest Properties Brokerage Phone: 949-547-6661 License #00991023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 5,227 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Level Lot

Parking

  • 4 Open Parking Spaces
  • Second Garage
  • 4 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Two Garage Doors
  • Driveway
  • Parking Lot
  • RV Access or Parking

Property Views

  • Ocean
  • City Lights

Home Design

  • Duplex
  • Mediterranean Architecture
  • Cosmetic Repairs Needed

Interior Spaces

  • 5,300 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Drapes & Rods
  • Family Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Dishwasher

Flooring

  • Bamboo
  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Upper Level Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Above Ground Spa
  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 34 / 11
  • Tax Tract Number 735
  • Assessor Parcel Number 69138125
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $3,500
  • Maintenance Expense $2,000
  • Trash Expense $180
  • Water Sewer Expense $480
  • Operating Expense $7,060
  • Net Operating Income $139,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 1400000
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 480.00
  • Architectural Style: Mediterranean
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 69138125
  • Year Built: 1989
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: UnderContract

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Living Room Balcony, Open Floorplan
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Carpet, Laminate, Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 11
  • Fireplace Features: Family Room, Living Room, Gas
  • Levels: One
  • Price Per Square Foot: 528.30
  • Room Type: All Bedrooms Up, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Spa Features: Private, Above Ground
  • Window Features: Drapes

Exterior Features

  • Other Structures: Second Garage, Second Garage Attached
  • View: City Lights, Ocean
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Front, Garage Faces Rear, Garage - Two Door, Parking Space, Private, RV Access/Parking
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Range
  • Heating Type: Central, Fireplace(s), Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 180.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Level
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Scheduled Income: 168000.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 5227.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 139000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 29000.00
  • Rent Control: No
  • Total Expenses: 7060.00

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 422.01
  • Tax Lot: 34
  • Tax Tract Number: 735

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2025 04/27/25 For Sale $2,800,000 0.0% $528 / Sq Ft
04/27/2025 04/27/25 For Sale $2,800,000 0.0% $528 / Sq Ft
03/25/2025 03/25/25 Off Market $2,800,000 -- --
03/25/2025 03/25/25 Off Market $2,800,000 -- --
03/02/2025 03/02/25 For Sale $2,800,000 0.0% $528 / Sq Ft
03/01/2025 03/01/25 For Sale $2,800,000 +60.5% $528 / Sq Ft
01/14/2020 01/14/20 Sold $1,745,000 -8.1% $329 / Sq Ft
11/04/2019 11/04/19 Price Changed $1,899,000 -2.6% $358 / Sq Ft
10/19/2019 10/19/19 For Sale $1,949,900 +21.9% $368 / Sq Ft
03/17/2015 03/17/15 Sold $1,600,000 -5.9% $302 / Sq Ft
02/10/2015 02/10/15 Pending -- -- --
12/14/2014 12/14/14 For Sale $1,700,000 0.0% $321 / Sq Ft
02/05/2013 02/05/13 Rented $2,700 -9.7% --
02/05/2013 02/05/13 Under Contract -- -- --
01/25/2013 01/25/13 For Rent $2,990 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Similar Home in Dana Point, CA

  • 34055 Alcazar Dr, Dana Point, CA 92629

    $2,275,000

    • 5 Beds
    • 4 Baths
    • 3,000 Sq Ft
    • 34055 Alcazar Dr
    • Dana Point, CA

    Situated in the heart of Dana Point’s lively Lantern District, this beautifully renovated triplex offers a rare opportunity for both owner-occupants and long term hold investors. The layout consists of a spacious 2-bedroom, 2-bathroom unit, 2-bedroom, 1-bathroom unit along with a 1-bedroom, 1-bathroom unit—making it ideal for someone looking to live in one and rent out the others, or for an

    Jason Lee JLM Real Estate Inc

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25039483

California Regional Multiple Listing Service (CRMLS)