Quadplex Residential Unit with
For Sale
Contact for pricing
34121 Ruby Lantern, Dana Point, CA 92629
Dana Point, CA
Property Size800 SF
Lot Size0.10 Acres
Price / SF$4.19
Days on Market48
Property Features for 34121 Ruby Lantern
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Great Room, Laundry Room, Bedroom 1, Bathroom 1
Parking
2
Parking features
Driveway, Open, Guest, Garage
Pets allowed
Call, Breed Restrictions
Interior features
Beamed Ceilings, Balcony, Unfurnished, Living Room Balcony, Granite Counters
Appliances
Disposal, Microwave, Refrigerator, Gas Range, Dishwasher
Subdivision
Lantern Village Central (LDC)
Lot features
0-1 Unit/ Acre
Elementary school district
Capistrano Unified
Middle school district
Capistrano Unified
High school district
Capistrano Unified
Directions
Between La Cresta and San Mareno on Ruby Lantern
Standard status
Active
APN
68224213
Size
800 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
balcony
high ceilings
granite counters
stainless steel appliances
custom iron work
custom glass enclosure
decorative stone half walls
Baltic Granite counters
mirrored closet doors
picture window with window coverings
washer
dryer
refrigerator
Building Details
Year built
1972
Floors in Building
1
Number of units
4
Flooring type
Wood, Tile
Building materials
Stucco
Roof type
Flat
Listing Agency:
First Team Real Estate
(949) 240-7979
Listed By:
Martucci Angiano · License #01145304
(714) 330-7828
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 28 at 7:06AM
MLS# OC26199599
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 800-square-foot one-bedroom, one-bath residential unit features an open great-room layout with high ceilings, wood and tile flooring, and a balcony with custom ironwork. The kitchen includes granite counters, stainless steel appliances, a gas range, dishwasher, microwave, refrigerator, and disposal. The bathroom offers a tub and shower with a custom glass enclosure, while the bedroom includes mirrored closet doors and a picture window. An oversized garage provides parking and access to the laundry area; a washer and dryer are available with the unit.
Built in 1972, the property has stucco construction, electric heating, a flat roof, public water, and public sewer. It is located at 34121 Ruby Lantern in Dana Point, one block from Pacific Coast Highway and near the Lantern District, Dana Point Harbor, and local resort amenities.
Built in 1972, the property has stucco construction, electric heating, a flat roof, public water, and public sewer. It is located at 34121 Ruby Lantern in Dana Point, one block from Pacific Coast Highway and near the Lantern District, Dana Point Harbor, and local resort amenities.
Key Highlights
- 800‑square‑foot one‑bedroom, one‑bath unit
- Open great‑room design with high ceilings
- Kitchen with granite counters and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,270
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,400
$305.4K
Cap Rate 7%
$218,143
$218.1K
Cap Rate 9%
$169,667
$169.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$28.8K $36.00/SF
− Vacancy
−$1.0K −$1.30/SF
EGI
$27.8K $34.70/SF
− OpEx
−$12.5K −$15.62/SF
NOI
$15.3K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,400
Cap Rate 7%
$218,143
Cap Rate 9%
$169,667
Alternative Uses
Best Use
Multifamily LT 5
$241.1K
$210.9K – $281.2K
NOI $16,874 @ 7.0% cap · market cap 503.70%
Second Best
Apartment 5plus
$218.1K
$190.9K – $254.5K
NOI $15,270 @ 7.0% cap · market cap 455.82%
Theoretical Best
Office A
$268.7K
$235.1K – $313.5K
NOI $18,809 @ 7.0% cap · market cap 561.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,825
Businesses Nearby
Explore this area
Business Placement
Demographics for 92629, CA
25,939
Population
13,493
Households
1.9
Avg Household Size
50
Median Age
59%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
5,086
Density / Sq Mi
$131,731
Median Household Income
$70,741
Median Earnings
$2,925
Median Rent
$1,212,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - One-bedroom residence with an open living area, garage parking, and a private balcony.
Where is this quadplex located?
The property is located at 34121 Ruby Lantern Dana Point, CA.
What are key features of this property?
This property features: 800‑square‑foot one‑bedroom, one‑bath unit; Open great‑room design with high ceilings; Kitchen with granite counters and stainless steel appliances
