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$995,000

Est. payment - /mo

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3 Beds

3 Baths

1,780 SqFt

Open Sun 9PM-11PM

23551 Avenida La Caza #129 Coto De Caza, CA 92679

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Amy Taylor

amysellsrealestatesd@gmail.com +1(619) 244-4481

OPEN HOUSE

Sun Jul 20, 9:00pm - 11:00pm

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Key Details

Property Type Multi-Family

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 1,780 sqft

Price per Sqft $558

MLS Listing ID OC25156803

Style Cape Cod,Cottage,Craftsman/Bungalow,Traditional

Bedrooms 3

Full Baths 3

HOA Fees $465/mo

Year Built 1977

Property Sub-Type All Other Attached

Property Description

Unmatched Rental Income Potential & Legal Flexibility. Unveiling a Unique Investment: A Triplex Opportunity in Coto de Caza. This distinctive property features three individual apartments, each with its own private entry. Beyond the inherent income potential, this property offers a significant advantage for new buyer. California Regulation 4739 explicitly prohibits Homeowners Associations (HOAs) from restricting the length of tenancy (whole or partial) if the homeowner resides on the property for more than 30 days. This means if you choose to occupy one of the three units, you can legally rent out the remaining two for any length of timefrom short-term (1-day) to long-term (365-day) leases. While an HOA might initially have a different opinion, state law supersedes municipal ordinances or HOA rules in this regard. This flexibility opens the door to potentially adding up to twelve grand monthly to your budget. Please note that this specific California regulation does not apply if all three units are rented out. All other HOA rules and regulations, such as those concerning parking, pool usage, and noise, remain in effect. A Rich History: From Olympic Housing to Modern Townhomes. Built as "Vic Braden's Tennis College" to house US athletes training for the 1980' Moscow Olympics. Following the US boycott of the Olympics, these units were converted to condominiums in the fall of that year. The "Villa Serena Townhomes" corporation then oversaw the sale of each set of three units, converting them into the unique townhome configuration seen today. This was the only viable method to

Location

State CA

County Orange

Community Horse Trails

Direction N

Interior

Interior Features Balcony, Beamed Ceilings, Granite Counters, Living Room Deck Attached, Pantry, Recessed Lighting, Wet Bar

Heating Energy Star, Zoned Areas

Cooling Electric, Energy Star, Zoned Area(s)

Flooring Carpet, Laminate

Fireplaces Type FP in Family Room, Propane

Fireplace No

Appliance Dishwasher, Disposal, Dryer, Refrigerator, Electric Oven, Electric Range

Exterior

Parking Features Assigned, Garage, Garage - Single Door, Garage Door Opener

Garage Spaces 2.0

Pool Association

Utilities Available Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Amenities Available Controlled Access, Guard, Jogging Track, Pool, Security

View Y/N Yes

Water Access Desc Public

View City Lights, Courtyard, Pool

Roof Type Composition,Shingle

Porch Deck, Enclosed, Wood, Wrap Around

Building

Story 2

Sewer Sewer Paid

Water Public

Level or Stories 2

Others

HOA Name Villa Serena Townhomes

HOA Fee Include Exterior (Landscaping),Pest Control,Security

Tax ID 93599041

Special Listing Condition Standard

Listed by Devan Bond Premier Agent Network

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Amy Taylor

Agent | License ID: 02187547

+1(619) 244-4481

23551 Avenida La Caza #129 Coto De Caza, CA 92679

Amy Taylor

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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23551 Avenida La Caza #129