Gorgeous ocean views from upstairs and down in this 3,695 sq ft property currently used as a multi family residence on a 7,405 sq ft lot. 6 bedrooms total, 7 baths. Two kitchens, two laundries and both units have terraces and decks overlooking unobstructed views of the ocean, Capistrano Beach and Dana Point. Located on world renowned, guard gated Beach Road, this property is on the market for the first time in 36 years. Systems are in largely original condition. This is an opportunity for a buyer to have significant after value with some investment to update. Zoned RBRD18 according to the City of Dana Point planning department. This is an allowed Multi Family Dwelling that can either remain an income producing property or be down zoned to a single family residence. The property will be delivered vacant at close of escrow. Bring your contractor and explore your potential. Beach Road is the only location in South Orange County where property owners own part of the sand going out to the high tide mark on the beach. Beach Road is a district not an HOA. Easy to show w/ 24 hour advance notice to the broker.