34262 Via Velez, Dana Point

About 34262 Via Velez

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.

Listing Map