CA > Dana Point
Dana Point, CA 92624,34262 Via Velez
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Jeremy Schultheiss • Coldwell Banker Realty
$2,199,000
Est. payment /mo
5 Beds
3 Baths
2,078 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,078 sqft

Price per Sqft $1,058

MLS Listing ID OC-25277972

Style Spanish

Bedrooms 5

Full Baths 3

Year Built 1928

Lot Size 6,482 Sqft

Property Sub-Type Triplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Among the rarest opportunities ever offered for sale is this meticulously restored Doheny property designed by architect H. Roy Casey. In the 1920s, the Doheny family played a central role in the development of Dana Point, including the eventual conveyance of the harbor lands to the public—an act that helped shape the city as it exists today. The Doheny family is inseparable from the history of Dana Point. It is estimated that fewer than 12 Doheny family-owned properties remain standing today, making this thoughtfully restored offering an exceptionally rare and enviable opportunity.
This restoration was undertaken with the guiding principle that a home which has stood for 100 years should be prepared to endure for another century. With that mindset, the seller invested extensively in modernizing and reinforcing the property's infrastructure while honoring its historic integrity. Improvements include replacement of electrical systems, plumbing and drains, central heating, retaining walls, and roofing, along with extensive wood restoration and replacement. Original wood-framed windows were carefully restored, as were the hardwood floors, which had seen better days but now reflect their original character and craftsmanship.
The property consists of three fully detached cottages. Unit A is a small one-bedroom, originally a carriage house and converted in the mid-20th century. Unit B is a two-bedroom, one-bath residence featuring multiple private courtyards and hand-carved wood ceilings in the living room. Unit C is a two-bedroom, one-bath home with a spacious entertaining courtyard and an expansive approximately 800-square-foot grass yard. Estimated monthly rental figures support an attractive cap rate: Unit A at $2,750 per month, Unit B at $4,300 per month, and Unit C at $4,600 per month. The property also benefits from Mills Act status, offering a significant reduction in property taxes while incentivizing continued historic preservation.

Location

State CA

County Orange

Area Cb - Capistrano Beach

Interior

Interior Features High Ceilings, Living Room Balcony

Cooling Wall/Window Unit(s)

Fireplaces Type Living Room

Laundry In Closet

Exterior

Pool None

Community Features Sidewalks, Storm Drains

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected, Phone Connected

View Y/N Yes

Building

Lot Description Corner Lot, Landscaped, Lawn, Lot 6500-9999, Rectangular Lot

Sewer Public Sewer

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Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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