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.
MLS #
CRPW25271422
MLS Source
California Regional MLS
Days on Site
6
Laundry
Community Facility
Pool
None
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Listing Agent
Rick Applebaum
Morgan Skenderian
License #: 01273871
Phone: –
Co-Listing Agent
Paul Espinosa
Morgan Skenderian
License #: 01942627
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
33972 Alcazar Dr is a Residential Income in Dana Point, CA 92629. This – square foot property sits on a 5,117 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,535,000 and was built in 1972. This address can also be written as 33972 Alcazar Dr, Dana Point, CA 92629.
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This listing information is up-to-date as of December 05, 2025. For the most current information, please contact Rick Applebaum