$1,255,000
$1,269,500
1.1%For more information regarding the value of a property, please contact us for a free consultation.
7,370 Sqft Lot
SOLD DATE : 11/19/2024
Key Details
Sold Price $1,255,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRNP22121599
Sold Date 11/19/24
Originating Board California Regional MLS
Year Built 1971
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.
Location
State CA
County Orange
Area Mc - Mission Viejo Central
Interior
Heating Central Forced Air
Cooling Central AC
Laundry In Garage
Exterior
Garage Spaces 4.0
Pool 31, None
View Hills, City Lights
Building
Story One Story
Water District - Public
Others
Tax ID 61917310
Special Listing Condition Not Applicable
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Bought with Raymond Guerrero
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "