23551 Avenida La Caza #129 Active Save Request In-Person Tour Request Virtual Tour
Coto De Caza,CA 92679
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,780 sqft
Price per Sqft $558
Subdivision Village
MLS Listing ID OC25156803
Bedrooms 3
Full Baths 3
Condo Fees $465
HOA Fees $465/mo
Year Built 1977
Lot Size 2.869 Acres
Property Sub-Type Triplex
Property Description
Prime Investment Opportunity in Coto De Caza: Rare Triplex with Value-Add Potential
For the discerning investor, this is an opportunity worth considering. Presenting a rare triplex at 23551 Avenue La Caza #129, located in the exclusive gated community of Coto De Caza. This property is a prime example of a value-add investment, offering a clear strategy to increase rental income in one of Southern California's most sought-after areas.
The Value-Add Opportunity: Clear and Achievable
Currently, this triplex generates a steady $5,800 per month in gross rent, supported by long-term tenants. However, this figure is below the market potential for the area. By implementing strategic cosmetic upgrades—such as modernizing the kitchens and bathrooms—you can significantly increase the rental income to align with current market rates.
Desirable Location: The Prestige of Coto De Caza
The property's location within Coto De Caza offers tenants an unparalleled Orange County lifestyle, surrounded by natural beauty and upscale amenities:
- 25-30 minutes to the pristine beaches of Laguna Beach
- 20-25 minutes to major employment hubs like the Irvine Spectrum and Irvine Business Complex
- 10-15 minutes to shopping, dining, and entertainment at Laguna Hills Mall
- Steps away from the pristine Coto De Caza Country Club, renowned for its championship golf course, tennis facilities, and equestrian offerings
- Convenient access to I-5 and 73 freeways, plus top-tier schools in the Capistrano Unified School District
Nestled in a gated community known for its rolling hills, equestrian trails, and luxurious ambiance, this location attracts high-quality tenants seeking exclusivity and tranquility, ensuring strong rental demand.
A Rare Find in a Competitive Market
Properties like this triplex are a rarity in Coto De Caza, with only a handful becoming available each year. This is your chance to acquire a valuable asset with untapped potential in a community that continues to rise in prestige. The numbers and strategy are straightforward, making this an attractive option for investors looking to expand their portfolio.
Location
State CA
County Orange
Area Tc - Trabuco Canyon
Interior
Heating Ductless,Electric,ENERGY STAR Qualified Equipment,Zoned
Cooling Ductless,Electric,ENERGY STAR Qualified Equipment,Zoned
Flooring Carpet,Laminate
Fireplaces Type Family Room,Propane
Laundry Common Area,In Garage
Exterior
Parking Features Assigned,Asphalt,Door-Single,Driveway,Garage,Garage Door Opener,Oversized,Tandem,Uncovered
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool Association
Community Features Biking,Curbs,Dog Park,Foothills,Golf,Hiking,Horse Trails,Park,Rural,Ravine,Storm Drain(s),Suburban,Sidewalks,Gated
Utilities Available Cable Available,Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Amenities Available Controlled Access,Dog Park,Jogging Path,Maintenance Front Yard,Pool,Guard,Security
View Y/N Yes
View City Lights,Courtyard,Pool
Roof Type Composition,Shingle
Building
Lot Description 2-5 Units/Acre,Landscaped
Dwelling Type Triplex
Story 2
Foundation Concrete Perimeter,Permanent
Sewer Sewer Tap Paid
Water Public
New Construction No
Schools
High Schools Tesoro
School District Capistrano Unified
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard