34051 Silver Lantern Street, Dana Point, California 92629, Dana Point, - bed, bath

home-pic
ACTIVE$2,495,000
34051 Silver Lantern Street, Dana Point, California 92629
5Beds
4Baths
2,412Sqft
3,964Lot
Year Built
1977
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25223151
Home ConditionExcellent
Features
Good View: Ocean
Deck
ViewOcean

About this home

Super duplex opportunity in the heart of Lantern Village, Dana Point! This property features a 3-bedroom, 2-bathroom upper unit all on one level, and a 2-bedroom, 2-bathroom lower unit, also all on one level. Both units include fireplaces in the living rooms and ceiling fans. The upper unit offers vaulted ceilings and a peek-a-boo ocean view from the deck. The 3-bedroom unit comes with a 2-car garage, while the 2-bedroom unit has a single-car garage. Both garage doors have been replaced and include remote openers. Each unit has inside laundry hook-ups. The upstairs unit has been fully remodeled, making it ideal to rent at top market rates or as a prime opportunity for an owner-occupied duplex, paired with a very stable long-term tenant downstairs. Major upgrades were completed in December 2020, including new windows, decking, roof, exterior paint, and gutters. Located close to Downtown Dana Point, shopping, restaurants, parks, the harbor, beaches, and the ocean. Also convenient to public transportation, freeway access, and the train station. The lower unit is occupied by a long-term, reliable, and friendly tenant who is paying below market rent. Additional upside: potential to add two ADUs without extensive city approvals (buyer to verify with the City).

Nearby schools

5/10
Richard Henry Dana Elementary School
Public,K-50.6mi
6/10
Marco Forster Middle School
Public,6-81.6mi
8/10
Dana Hills High School
Public,9-120.7mi

Price History

Date
Event
Price
09/22/25
Listing
$2,495,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds50
14%
Baths40
14%
Square foot2,4122,416
43%
Lot Size3,9644,317
29%
Price$2.5M$1.95M
86%
Price per square foot$1,034$858
86%
Built year19771976
57%
HOA
Days on market44120
14%
Condition Rating
Excellent

The property, built in 1977, has undergone extensive renovations, with the upstairs unit being 'fully remodeled' and major upgrades (windows, decking, roof, exterior paint, gutters) completed in December 2020. This falls well within the 'extensively renovated within 5 years' criteria for an 'Excellent' rating. The images confirm a modern aesthetic with new-looking gray laminate flooring throughout, light gray walls, contemporary light fixtures, and a sleek, updated bathroom featuring a floating vanity, illuminated mirror, and black-framed shower enclosure. The kitchen also appears modern with white cabinetry, granite countertops, and stainless steel appliances. All visible components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex, offering immediate rental income potential from two separate units or an owner-occupied scenario with supplemental income.
Prime Coastal Location: Located in the highly desirable Lantern Village of Dana Point, providing excellent proximity to beaches, the harbor, downtown amenities, and transportation.
Recent Major Upgrades: Significant renovations completed in December 2020, including new windows, decking, roof, exterior paint, and gutters, reducing immediate capital expenditures.
Value-Add Potential: Offers the potential to add two Accessory Dwelling Units (ADUs), providing a clear path to increased rental income and property value.
Remodeled Upper Unit: The upstairs unit has been fully remodeled, making it attractive for top market rental rates or as a prime owner-occupied residence.

Cons

Below Market Rent: The long-term tenant in the lower unit is currently paying below market rent, limiting immediate income maximization for the new owner.
Limited Ocean View: The upper unit offers only a 'peek-a-boo' ocean view from the deck, which is not a full or expansive panoramic ocean view.
ADU Verification Required: The potential to add ADUs is subject to buyer verification with the City, introducing an element of uncertainty and requiring due diligence.

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