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23551 Avenida La Caza 129, Coto De Caza, California 92679, Coto De Caza, 92679 - bed, bath

23551 Avenida La Caza 129, Coto De Caza, California 92679 home-pic-0
ACTIVE$1,049,000$1,780/sqft
23551 Avenida La Caza 129, Coto De Caza, California 92679
0Bed
0Bath
1,780Sqft
124,985Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential & Flexibility: The property is uniquely configured into three separate rental units (1 studio, 2 1BR) with a projected rental income of $7,400 per month, offering significant cash flow or flexible owner-occupancy options.
Top Cons:
High Association Fee: A monthly association fee of $465 could be a significant ongoing expense, impacting the net rental income or overall affordability for an owner-occupant.

Compared to the nearby listings

Price:$1.05M vs avg $924.5K (+$124,500)50%
Size:1,780 sqft vs avg 1,780 sqft50%
Price/sqft:$589 vs avg $51950%

More Insights

Built in 1977 (49 years old).
Condition: Despite being built in 1977, the property has undergone an extensive and recent renovation, as highlighted by the 'NEW NEW NEW' description. All visible interior components, including vinyl plank flooring, kitchen appliances, cabinets, quartz countertops, recessed lighting, and remodeled bathrooms, appear virtually new and meet current quality standards. Each unit also features its own modern AC system, indicating comprehensive updates to major systems.
Year Built
1977
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$589
HOA
$465
Days on market
-
Sold On
-
MLS number
OC26012337
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Hills, Mountain(s), Pool, Trees/Woods
Deck
Patio
ViewPark/Greenbelt, Hills, Mountain(s), Pool, Trees/Woods

About this home

CASH COW. NEW NEW NEW. New items include: Vinal plank flooring, appliances, cabinets, quartz countertops, can lights, paint, remodeled bathrooms etc etc. Each unit has its own ac system. END UNIT. This is one of the most unique investor opportunities in Orange County. Located in the desirable and prestigious gated community of Coto De Caza, REMODELED condo with a original design configuration into 3 separate rental units. 1 studio and 2 1br units. These unique Village town homes do not come available that often because they offer so many possibilities. Ideal location with a view of the pool and green belt. Two separate units located on 2nd floor. Each unit has its own ensuite. Cash Cow. The projected rental income for three units is $7,400 per month or someone can live in all 3 units as it has an inside stair system or you can live in the main unit and rent the other 2 out. Ample natural light flows throughout the home. Two car attached garage and two additional parking spots. No Mello Roos. Coto De Caza offers hiking and walking trails, parks, and membership opportunities for golf and tennis. Priced 70k below appraisal for fast sale.

C
Chris Shepard
Listing Agent
Condition Rating
Excellent
Despite being built in 1977, the property has undergone an extensive and recent renovation, as highlighted by the 'NEW NEW NEW' description. All visible interior components, including vinyl plank flooring, kitchen appliances, cabinets, quartz countertops, recessed lighting, and remodeled bathrooms, appear virtually new and meet current quality standards. Each unit also features its own modern AC system, indicating comprehensive updates to major systems.
Pros & Cons

Pros

Exceptional Income Potential & Flexibility: The property is uniquely configured into three separate rental units (1 studio, 2 1BR) with a projected rental income of $7,400 per month, offering significant cash flow or flexible owner-occupancy options.
Extensive Recent Renovations: Described as 'NEW NEW NEW,' the property boasts comprehensive upgrades including new vinyl plank flooring, appliances, cabinets, quartz countertops, remodeled bathrooms, and individual AC systems for each unit.
Prestigious Gated Community Location: Located in the desirable and prestigious gated community of Coto De Caza, offering security, community amenities like hiking trails and parks, and membership opportunities for golf and tennis.
Financial Advantage & Value: The absence of Mello Roos taxes significantly reduces ongoing costs, and being priced $70k below appraisal suggests immediate equity and a strong value proposition for buyers.
Desirable Unit Features & Parking: As an end unit, it benefits from ample natural light, offers pleasant views of the pool and green belt, and includes a two-car attached garage plus two additional parking spots.

Cons

High Association Fee: A monthly association fee of $465 could be a significant ongoing expense, impacting the net rental income or overall affordability for an owner-occupant.
Age of Building Structure: Despite extensive interior renovations, the building was constructed in 1977, which may lead to potential future maintenance needs related to the original structure or common areas.
Tenant Management Complexity: Managing three separate rental units, even within one property, can be more complex and time-consuming than a single-family home, requiring increased effort in tenant screening, maintenance coordination, and lease administration.
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