32791 Del Obispo Street, Dana Point, California 92629, Dana Point, - bed, bath
ACTIVE UNDER CONTRACT$3,300,000
32791 Del Obispo Street, Dana Point, California 92629
3Beds
2Baths
2,006Sqft
87,120Lot
Year Built
1952
Close
-
List price
$3.3M
Original List price
$3.98M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24094175
Home ConditionTear down
Features
Good View: Landmark, Ocean, Valley
ViewLandmark, Ocean, Valley
About this home
This is a 2 acre residential parcel zoned RSF4. It can be subdivided to 9 lots that fit the current minimum lot size per the zoning. The property is hilly with some flat and buildable portions. It has all utilies on site and there is an existing 2000 sq ft home in poor condition. This is a potential coastal housing development in an area with high median home prices and in close proximity to the Dana Point Harbor redevelopment.
Price History
Date
Event
Price
10/07/25
Price Change
$3,300,000
05/09/24
Listing
$3,980,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (111 Listings) | |
|---|---|---|---|
| Beds | 3 | 4 | 46% |
| Baths | 2 | 3 | 19% |
| Square foot | 2,006 | 2,388 | 29% |
| Lot Size | 87,120 | 7,263 | 99% |
| Price | $3.3M | $2.54M | 64% |
| Price per square foot | $1,645 | $1,215.5 | 74% |
| Built year | 1952 | 9895990 | 2% |
| HOA | |||
| Days on market | 545 | 160 | 98% |
Condition Rating
Tear down
The property was built in 1952, making it 72 years old. The listing description explicitly states that 'there is an existing 2000 sq ft home in poor condition.' The provided images are all aerial views, showing a neglected property with an older house, and no interior photos are available to assess specific conditions of the kitchen or bathrooms. The primary focus of the listing is the 2-acre residential parcel's potential for subdivision and redevelopment, indicating that the value lies in the land rather than the existing structure, which is likely beyond economical repair and would need to be demolished for the highest and best use of the land.
Pros & Cons
Pros
Development Potential: This 2-acre residential parcel is zoned RSF4 and can be subdivided into 9 individual lots, offering significant potential for a multi-home development project in a high-demand area.
Prime Coastal Location: Situated in Dana Point, an area known for high median home prices, and in close proximity to the ongoing Dana Point Harbor redevelopment, enhancing future property values and desirability.
Existing Utilities On-Site: All essential utilities are already on-site, which significantly reduces initial development costs and timelines for a new construction project.
Desirable Views: The property boasts valuable Landmark, Ocean, and Valley views, which will add substantial appeal and premium value to any future homes built on the subdivided lots.
Large Parcel Size: The expansive 2-acre (87,120 sqft) lot provides ample space for a substantial residential development, allowing for multiple homes with potentially generous lot sizes.
Cons
Existing Structure in Poor Condition: The current 2000 sq ft home is described as being in poor condition, indicating it will likely require demolition, adding to the initial development costs and project timeline.
Challenging Topography: The property is noted as being 'hilly with some flat and buildable portions,' which suggests potential complexities and increased costs for grading, site preparation, and infrastructure development for multiple lots.
Complex Development Project: Subdividing a 2-acre parcel into 9 lots is a significant undertaking that involves extensive planning, permitting, and capital investment, posing a higher level of complexity and risk compared to a standard home purchase.