33771 Copper Lantern is a rare turnkey triplex located in the heart of Dana Point's desirable Lantern District, just minutes from the harbor, beaches, shopping, and dining. This exceptional coastal investment opportunity features one 2-bedroom, 2-bath unit and two 1-bedroom, 1-bath units each offering stunning ocean views from the living room. All units have been thoughtfully upgraded over the years to blend modern comfort with timeless coastal charm. Recent improvements include new laminate flooring in Unit B, new garage doors and openers, a new repaved parking spots and driveway, fresh exterior paint, and drought resistant, low-maintenance landscaping. The property also offers outdoor spaces, on-site laundry, and a dedicated storage room. For added value, there is potential to convert one garage space and the storage area into an ADU. Subject to city approval. Located within walking distance to Dana Point Harbor, currently undergoing a major redevelopment with Phase 1 scheduled for completion in July 2025 this property presents a compelling opportunity for both investors and owner-occupants seeking income potential and long-term appreciation in one of Southern California's premier coastal communities.