What is a good saltwater rod for offshore fishing in Dana Point California?

ugly stick, one piece

No rod and reel set in the world can meet all of your criteria. You have to compromise. A rod heavy enough to throw 12 oz jigs isn't going to be flexible enough to toss live bait. My guess is that you will mostly be fishing live bait for Calicos. My vote is for a Calstar 870 glass rod. It is the best compromise and you will get the most use out of a rod like that. A glass rod is the most durable and a Calstar will last a lifetime with good care.

Get a Ugly Stick. I own one and although I don't salt water fish the lake fishing that I do requires a Ugly Stick. Either look for a different rod in the saltwater section http://www.basspro.com/webapp/wcs/stores/servlet/Department_10151_-1_10001_151000000?CMID=MH_OS_SALTWATER Or choose from here! (some might be ultra light poles so be weary!) http://www.basspro.com/webapp/wcs/stores/servlet/SearchResults?ts=Thu%20Mar%2015%2014:49:55%20CDT%202007

Modern baitcasting gear has gotten so light, smooth and sophisticated that there is no need to rely on the inherently inferior design of the oscillating spool and bail wire reel. My favorite fineese baitcasting setup pairs a Team Daiwa TD-Z with a GLoomis CR721. This is a 6' casting rod with a light power rating. I spool the reel with 50lb. power pro but tie on a leader of 4 to 8 lb mono depending on the conditions. Read more from my sources. Hope this helps. Cheers, Nick

There are many Rods and Reesl to choose from on bait cating reels for deep water fishing. Shop what your pocket can afford and that still will get you decent pole.