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Pinnacle Realty Advisors

support@pinnaclera.com +1(972) 338-5441

Listed by Devan Bond • Premier Agent Network

$ 995,000

Est. payment -/mo

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23551 Avenida La Caza 129 Coto De Caza, CA 92679

3 Beds

3 Baths

1,780 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,780 sqft

Price per Sqft $558

MLS Listing ID CROC25156803

Style Cottage,Traditional,Bungalow,Cape Cod

Bedrooms 3

Full Baths 3

HOA Fees $465/mo

Year Built 1977

Lot Size 2.869 Acres

Property Sub-Type Triplex

Source California Regional MLS

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 time-from 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 Oly

Location

State CA

County Orange

Area Tc - Trabuco Canyon

Rooms

Dining Room Breakfast Bar, Other

Kitchen Dishwasher, Garbage Disposal, Pantry, Oven Range - Electric, Refrigerator, Oven - Electric

Interior

Heating 13, Other, Electric

Cooling Other, Central Forced Air - Electric, 9

Flooring Laminate

Fireplaces Type Family Room, Other

Laundry In Garage, Laundry Area, Dryer

Exterior

Parking Features Assigned Spaces, Garage, Gate / Door Opener, Other, Room for Oversized Vehicle

Garage Spaces 2.0

Fence None

Pool 31, Community Facility

View Local/Neighborhood, 31, City Lights

Roof Type Shingle,Composition

Building

Foundation Permanent, Concrete Perimeter

Sewer Sewer Available

Water Hot Water, Heater - Electric, District - Public

Architectural Style Cottage, Traditional, Bungalow, Cape Cod

Others

Tax ID 93599041

Special Listing Condition Not Applicable