23551 Avenida La Caza #129 new Save Request In-Person Tour Request Virtual Tour
Laguna Hills,CA 92679
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,780 sqft
Price per Sqft $558
MLS Listing ID CROC25156803
Bedrooms 3
Full Baths 3
HOA Fees $465/mo
Year Built 1977
Lot Size 2.869 Acres
Property Sub-Type Single Family Residence
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 Olympics.
Location
State CA
County Orange
Interior
Heating Electric,Other
Cooling Central Air,Other,ENERGY STAR Qualified Equipment
Flooring Laminate,Carpet
Fireplaces Type Family Room,Other
Laundry Dryer,In Garage,Other
Exterior
Exterior Feature Other
Garage Spaces 2.0
Utilities Available Other Water/Sewer,Cable Available,Cable Connected
View Y/N true
View City Lights,Other
Building
Lot Description Landscaped,Storm Drain
Story 2
Foundation Other,Concrete Perimeter
Water Other
New Construction No
Schools
School District Capistrano Unified