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Key Details
Sold Price $1,255,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP22121599
Sold Date 11/19/24
Bedrooms 6
HOA Y/N No
Lot Size 7,370 Sqft
Property Description
A truly hands off investment! 11 years left on a 15 year lease. However the new owner can take back the property Sept 1st 2025. Purchase Subject to existing lease. Tenant pays all utilities, insurance, all routine maintenance, and all repairs up to $1,500 per occurrence. Has leased solar panels paid for by tenant in the lease. This is a Beautiful property in a great, upscale neighborhood. 6 Bedroom / 5 bathroom home. Lease is currently $6,200 per month until Sept 2025. Tennant operates a senior care home within the property and must maintain a clean, safe environment with all systems of the home in proper working condition. There is a hold-harmless agreement in place between tenant and landlord. THIS IS A GREAT 10-31 EXCHANGE PROPERTY! Call now for more information.
A truly hands off investment! 11 years left on a 15 year lease. However the new owner can take back the property Sept 1st 2025. Purchase Subject to existing lease. Tenant pays all utilities, insurance, all routine maintenance, and all repairs up to $1,500 per occurrence. Has leased solar panels paid for by tenant in the lease. This is a Beautiful property in a great, upscale neighborhood. 6 Bedroom / 5 bathroom home. Lease is currently $6,200 per month until Sept 2025. Tennant operates a senior care home within the property and must maintain a clean, safe environment with all systems of the home in proper working condition. There is a hold-harmless agreement in place between tenant and landlord. THIS IS A GREAT 10-31 EXCHANGE PROPERTY! Call now for more information.
Location
State CA
County Orange
Area Oc - Mission Viejo (92691)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $1
Space Rent $5,306
Financing Conventional
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878