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Multifamily

34091 Street of the Ruby Lantern

34091 Street of the Ruby Lantern, Dana Point, CA 92629

Listing Price: $2,600,000

Cap Rate
1.81%
Number of Units
2
GRM
29.47
Price/Unit
$1,300,000
Price/Gross SF
$690.57
Gross SF
3,765

Investment Overview

Experience the best of coastal living in the heart of Dana Point’s highly sought-after Lantern District with this beautifully upgraded duplex, 34091 Ruby Lantern and 34092 Seville Place. Perfectly positioned on an elevated site capturing ocean views, this exceptional property blends timeless coastal charm with strong investment fundamentals— a rare opportunity for both investors and owner-users seeking stability and long-term appreciation in one of South Orange County’s most desirable submarkets. The property features two distinct residences, each with its own private entrance and courtyard, offering the feel of two separate homes. The Seville Place unit is situated on the upper level, while the Ruby Lantern unit occupies the lower level — both designed to maximize privacy and coastal breezes. Each residence offers a spacious three-bedroom, two-and-a-half-bath layout ranging from approximately 1,800 to 2,000 square feet. Designed for modern living, both units feature open-concept floor plans, abundant natural light, and generous living areas ideal for entertaining or relaxed day-to-day comfort. One of the units has been recently renovated with a full kitchen and bath remodel, showcasing updated finishes and contemporary style. The property is set on a gently sloping parcel that allows both units to enjoy ocean views from multiple vantage points. Parking is exceptional for the area — featuring a two-car garage accessed via the alley, an additional two-car garage, and a single tandem bay — all complemented by long driveways that provide added convenience and parking flexibility rarely found in coastal multifamily properties. Pride of ownership is evident throughout, with meticulous maintenance and thoughtful upgrades over the years. The roof, copper plumbing, and electrical systems are all in working order, ensuring reliable performance and minimal near-term capital needs. With its combination of ocean views, upgraded interiors, private entrances, and prime Lantern District location, this duplex represents a standout opportunity for those seeking a quality coastal asset in Dana Point’s thriving market.

Investment Highlights

  • Well-Proportioned Duplex Layout - Two spacious three-bedroom, two-and-a-half-bath units, each approximately 1,800–2,000 SF.
  • Ocean Views & Coastal Setting - Elevated parcel allows both residences to enjoy ocean and neighborhood views. Located just blocks from the Dana Point Harbor and Lantern Bay Village retail corridor.
  • Exceptional Parking — Includes a two-car garage with alley access, an additional two-car garage, and a single tandem bay, plus long driveways for added convenience.
  • Two Distinct Residences — Each unit has its own private entrance and courtyard, offering the feel of two standalone homes.
  • Prime Lantern District Location - Walking distance to restaurants, shops, and beach access. Centrally positioned near Dana Point Harbor, Doheny State Beach, and Pacific Coast Highway.

Exclusively Listed By

Financing By

Multifamily

34091 Street of the Ruby Lantern

Listing Price: $2,600,000

Cap Rate
1.81%
Number of Units
2
GRM
29.47
Price/Unit
$1,300,000
Price/Gross SF
$690.57
Gross SF
3,765

Investment Highlights

  • Well-Proportioned Duplex Layout - Two spacious three-bedroom, two-and-a-half-bath units, each approximately 1,800–2,000 SF.
  • Ocean Views & Coastal Setting - Elevated parcel allows both residences to enjoy ocean and neighborhood views. Located just blocks from the Dana Point Harbor and Lantern Bay Village retail corridor.
  • Exceptional Parking — Includes a two-car garage with alley access, an additional two-car garage, and a single tandem bay, plus long driveways for added convenience.
  • Two Distinct Residences — Each unit has its own private entrance and courtyard, offering the feel of two standalone homes.
  • Prime Lantern District Location - Walking distance to restaurants, shops, and beach access. Centrally positioned near Dana Point Harbor, Doheny State Beach, and Pacific Coast Highway.

Investment Overview

Experience the best of coastal living in the heart of Dana Point’s highly sought-after Lantern District with this beautifully upgraded duplex, 34091 Ruby Lantern and 34092 Seville Place. Perfectly positioned on an elevated site capturing ocean views, this exceptional property blends timeless coastal charm with strong investment fundamentals— a rare opportunity for both investors and owner-users seeking stability and long-term appreciation in one of South Orange County’s most desirable submarkets. The property features two distinct residences, each with its own private entrance and courtyard, offering the feel of two separate homes. The Seville Place unit is situated on the upper level, while the Ruby Lantern unit occupies the lower level — both designed to maximize privacy and coastal breezes. Each residence offers a spacious three-bedroom, two-and-a-half-bath layout ranging from approximately 1,800 to 2,000 square feet. Designed for modern living, both units feature open-concept floor plans, abundant natural light, and generous living areas ideal for entertaining or relaxed day-to-day comfort. One of the units has been recently renovated with a full kitchen and bath remodel, showcasing updated finishes and contemporary style. The property is set on a gently sloping parcel that allows both units to enjoy ocean views from multiple vantage points. Parking is exceptional for the area — featuring a two-car garage accessed via the alley, an additional two-car garage, and a single tandem bay — all complemented by long driveways that provide added convenience and parking flexibility rarely found in coastal multifamily properties. Pride of ownership is evident throughout, with meticulous maintenance and thoughtful upgrades over the years. The roof, copper plumbing, and electrical systems are all in working order, ensuring reliable performance and minimal near-term capital needs. With its combination of ocean views, upgraded interiors, private entrances, and prime Lantern District location, this duplex represents a standout opportunity for those seeking a quality coastal asset in Dana Point’s thriving market.

Exclusively Listed By

Financing By

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